Bitcoin was in freefall towards $7,500 when it finally found support at $7,699 and bounced upwards by nearly $1,200.
As a previous high, it was much anticipated that $7,500 would provide support. With this in mind, investors started buying as the price rapidly closed in on the 7.5k target.
Bitcoin is now moving sideways as we eagerly await what happens next. It's been a big day in BTC, to say the least.
Bitcoin to the Moon is a blog dedicated to following the original cryptocurrency on a journey to its ultimate destination.
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