Bitcoin Rebounds Strongly after Hitting a 7-Week Low

Today, Bitcoin (BTC) rebounded strongly to $53K after plummeting to a low of around $47,000 on April 25. Driven by the publicity and excitement of Coinbase’s direct listing, Bitcoin reached a record-high of $64,895 on April 14. However, since touching highs of $64,800, BTC has been in a downward state. The BTC bulls have actively defended the support level of the 100-day exponential moving average in recent days


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