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Bitcoin Rally Boosts Market Sentiment
By Aayush Jindal
August 28, 2018
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Bitcoin price climbed higher and broke the USD 6,800 and USD 6,900 resistances.
Ethereum, ripple, eos and bitcoin cash also gained between 4%-6%.
Dash, GBYTE and IOTA surged more than 15% today.
Bitcoin buyers finally had the upper hand as they succeeded in pushing the price above the USD 6,600 and USD 6,800 resistance levels. BTC/USD gained more than 3% and traded above the USD 6,900 level. Similarly, major altcoins like ethereum, ripple, bitcoin cash and eos also traded higher and moved into the green zone. It seems like the market sentiment improved to favor buyers and once bitcoin price breaks USD 7,000, there could be additional gains in the near term. Technically, most indicators on the 2-hour and 4-hour charts turned positive, indicating more upsides in BTC/USD and altcoins.