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RE: Bitcoin Sets New ATH For 24h Volumes! Breaks through 7k Resistance Like It's Paper But Gets A Massive Rejection At 7k — What the heck is going on?

in #bitcoin7 years ago

I would also add that the supply of bitcoin from willing sellers has probably fallen dramatically which could be driving price upwards as demand continues. I think bitcoin purchased below $5k are now in the hands of stronger investors that have longer term visions.

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True. Also, Venezuela and Brazil Bitcoin trading is at ATH levels.