Bitcoin prices rebounded on July 5, 2024, recovering after hitting a four-month low amidst weak market conditions. The price also continues an upward trajectory today (8th July 2024). Included in this article is a chart from Aeryn (AI engine) which traders and investors will likely find useful and our analysis as to where the price may next head.
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Bitcoin has risen this morning of 8th July 2024 to over $57,000. This marks a gain of over 5.8% from its low of $53,717.34, reached shortly after midnight EST, the lowest since late February 2024.
Despite some volatility after peaking above $56,800, the cryptocurrency maintained most of its gains from last week and has tentatively continued the climb over the weekend and into the start of the main trading week.
Analysts attributed Bitcoin's recent price fluctuations to an oversold condition over the past 24 hours. Reports indicated that the Mt. Gox trustee's payments to creditors ...
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