You can never count out the Bitcoin bulls

Technical Analysis

Author: Adam Button | bitcoin

Bitcoin $1200 from the lows

Bitcoin is in the midst of an impressive intraday turnaround.

Bitcoin $1200 from the lows
It touched $9600 in early New York trade but it's shot all the way to $10800.

Amazingly, that 12% rally still covers only a portion of the losses since Friday.

I've given up trying to explain Bitcoin moves but you can't help but notice the recent correlation with gold, which is in the midst of its own impressive move.

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