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Friday, April 14, 2017

Bitcoin Price Reverses Downward Trend To Tackle $1200 Once More

Bitcoin Price Reverses Downward Trend To Tackle $1200 Once More

Bitcoin’s price support is edging towards $1200 once again as the latest scaling-related controversy rolls on.

According to data from Coinmarketcap, at press time Friday, Bitcoin is within $20 of the barrier for the first time since March 16.

The upward trend reverses behavior over the past month, with external factors seeing the Bitcoin price dip as low as $914.

Pressure resulting from the Bitcoin scaling debate occasionally produced marked impacts on the Bitcoin price itself, but the relationship has become more nuanced in recent weeks.

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