Bitcoin Price Blasts Past $9,000, Putting Bulls in Charge Once Again

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    Bitcoin bears have been proven wrong once again with the Bitcoin (BTC) price surging by three percent in minutes

Bitcoin Price Blasts Past $9,000, Putting Bulls in Charge Once Again
Cover image via u.today

The Bitcoin price has just surged by more than three percent in mere minutes, which allowed its price to surpass the psychologically important $9,000 price level once again. According to CoinStats data, the top cryptocurrency is changing hands at $9,036 at the time of writing.       

Bitcoin price
image by coinstats.app

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Cryptocurrency trader "Galaxy" accurately predicted the major price move since BTC managed to break out of the ascending triangle, a bullish chart pattern that forms during an uptrend.     

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"NebraskanGooner" says that bears finally have to learn their lesson after Bitcoin refused to go lower below the critical support level.    

Meanwhile, the price of Litecoin (LTC) also spiked by six percent, becoming the best-performing coin within the top 10 along with Stellar (XLM). As of now, LTC and XLM are trading at $64.48 and $0.077 respectively. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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