bitcoin testing $9,000

BTC Testing $9,000 After Halving: New ATH?

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Bitcoin appears to find support at around $8,250 while it continues to test $9,000 USD. If it breaks through that barrier then it may rocket back up to the $10k mark. Historically it has faced resistance at around $10,200, and at around $10,500 back in February 2020. If it surpasses that level, then it may continue to a reach a high for 2020. It may even tap the $13,000 mark as seen in July 2019.

Billionaire Paul Tudor Jones endorsed bitcoin a few days ago. Just prior to the halving of mining rewards, he bought BTC as a hedge against inflation. Jones sees bitcoin as a way to protect his wealth against inflation brought on by central banks in response to COVID-19.

Meanwhile, the stock market ended a six-day earnings streak and the Dow Jones Industrial Average (DJIA) dropped 1.88%, or 457 points in the last day. At this point, it’s important to watch the stock market, bitcoin, and gold.

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