Bitcoin Rises as More Monetary Stimulus is Expected to Come
Bitcoin slumped in price last weekend along with the stock indices when the US president has confirmed that he has tested positive for Covid-19. However, Bitcoin has gradually recovered its territory after reaching the recent low around $10,380 which is higher than the previous low at $10,141 in the 4H time frame. As Bitcoin’s price started rallying, it is expected to hike higher reaching the previous barrier at $10,900. Therefore, we could boldly anticipate that a further high at $11,180 will be challenged anytime soon.
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