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Bitcoin (BTC) Fights for $9,500

© Reuters.   Bitcoin (BTC) Fights for $9,500
© Reuters. Bitcoin (BTC) Fights for $9,500

(BTC) broke above the $9,400 range once again for the second time in about a week, but retreated below the $9,500 mark. Now, BTC is still seeking direction on volumes rising from 21 billion to 28 billion in 24 hours.

BTC traded at $9,289.39 as of 8:43 UTC on Tuesday, crashing from an earlier price of $9,414. BTC touched $9,505 late on Monday, but retreated from that level. The recent hike to above $9,500, however brief, mended the Bitcoin fear and greed index, from 49 to 54 points, closer to the “greed” region.

However, BTC has also shown its price may depend on a short-term pump, while less volatile prices often led to a gradual slide. There are always skeptics seeing BTC correct to a lower range.

This article appeared first on Cryptovest

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