{"id":42689,"date":"2019-05-18T23:09:07","date_gmt":"2019-05-18T21:09:07","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=42689"},"modified":"2020-02-19T01:18:32","modified_gmt":"2020-02-18T23:18:32","slug":"bitcoin-must-close-above-7600-in-order-for-bulls-to-maintain-strength","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/bitcoin-must-close-above-7600-in-order-for-bulls-to-maintain-strength\/","title":{"rendered":"Bitcoin Must Close Above $7,600 In Order for Bulls to Maintain Strength"},"content":{"rendered":"\n
Despite incurring a massive amount of buying pressure over the past several weeks that helped push the price of Bitcoin to fresh year-to-date highs around $8,400, this newfound upwards momentum stalled earlier this week when BTC swiftly dropped below $7,000, from which point it has been able to tepidly advance.<\/p>\n\n\n\n
Now, multiple prominent crypto analysts are expressing their belief that $7,600 is a critical level that Bitcoin must climb back above in order for its recent upwards surge to continue on.<\/p>\n\n\n\n
At the time of writing\u00a0Bitcoin<\/a> is trading up less than 2% at its current price of $7,270, down from 24-hour highs of just over $7,400.<\/p>\n\n\n\n