Bitcoin’s Rejection at Key Price Hurdle Puts Short-Term Bull Trend at Risk

The top cryptocurrency by market value quickly jumped from $7,200 to $7,800 during the U.S. trading hours on Wednesday, ending a low-volume pullback, as expected. The ascent, however, was short-lived, and prices fell back just as speedily – closing the day (UTC) with a 1.4 percent loss at $7,198, according to Bitstamp data.

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