Bitcoin price analysis: BTC/USD finds local support at $8700, ready for recovery

Cryptocurrencies are under pressure in Asia following massive Wednesday's sell-off. Bitcoin, digital coin No.1 touched a seven-week high at $9.757 before reversing the gains, trading currently at $8,851. Despite the retreat, Bitcoin stays above critical support line of $8,000, which coincides with 61.8% ...

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