Bitcoin Rally At Risk of Screeching Halt at $8K as 100-Day SMA Approaches

Bitcoin is up more than 5% and it broke the key $7,500 resistance against the US Dollar. BTC is now approaching a major hurdle near $8,000 and the 100-day simple moving average. Bitcoin is gaining bullish momentum above $7,000 and $7,200 against the US Dollar. The price is likely to face a strong resistance near…

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Author: toutiao