Data Shows This Single Trump Tweet Marked the Local Bitcoin Bottom

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Bitcoin’s price has lacked directionality throughout the past several days and weeks, with both buyers and sellers reaching an impasse This has come about as it continues trading squarely in the middle of its long-held trading range between $10,200 and $11,200 Despite being closely correlated to the stock market, yesterday’s intense equities rebound was not enough to pull Bitcoin higher The cryptocurrency still remains below multiple key levels One analytics firm still believes that the traditional market’s overall trend is critical for that of Bitcoin They note that President Trump’s recent tweet regarding a potential second round of $1,200 stimulus checks marked a local BTC bottom Bitcoin and the entire crypto market are continuing to lack any momentum, which is damaging investor sentiment and making it increasingly unclear as to where it may trend in the days and weeks ahead. This certainly isn’t the first time the cryptocurrency has seen…

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