Reason for Recent Bitcoin Rally Unknown – Bitcoints

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Published on September 9th, 2015 | by bitcoin

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Reason for Recent Bitcoin Rally Unknown

Reason for Recent Bitcoin Rally UnknownA bitcoin price rally has taken place recently after a brief test of the $200 support level.
Bitcoin is typically considered a high-risk investment, along with other riskier holdings such as equities and commodity currencies.
Sustainable Bitcoin Price Gains?
In an article on Benzinga, staff writer Deepak Bharadwaz pointed out that Barclays’ recent announcement on accepting bitcoin for charitable donations may have boosted demand for the cryptocurrency.
Technicals also favored a relief rally as bitcoin price has been consolidating between the $200-220 levels for quite some time.

Source: News.google.com

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