Having successfully defended the key rising trend line support over the last few days, the bitcoin-US dollar (BTC/USD) exchange rate is well bid above the $4,000 mark today.
At press time, the cryptocurrency that powers the world's largest blockchain is trading at $4,070, up 3% on the day. On a monthly basis, though, it is still nursing 6% loss.
With the positive price action, investors appear to also be turning a blind eye toward news out of China that indicates at least one major domestic bitcoin exchange has followed through on apparent orders from regulators to stop yuan trading.
"All customers will be able to withdraw all their funds from our exchanges within 72 hours," BTCC said in a statement.
Full story at http://bit.ly/2yGkep0
Source: CoinDesk
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it is crazy. 4000 for nothing...
Breaking resistance trend lines and having small bear inside bars the last few times has been great signs for upside. Daily TA's are looking good too, so I think there will probably be a few days of rally.
Upvoted & Resteemed!
Upvote & resteem .... ha , as of this hour BTC recovering nicely, 4240.00 this very second! Keep up the great job! follow @lurehound
Thanks for sharing!
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This is good news, to have broken the 4k barrier again, now the march onto the next magic number @sydesjokes
Finally some good news.
Until the next FUD...
Keep going ^^^