Data from Cointelegraph Markets Pro and TradingView showed a nightmare for short traders unfolding at the start of the weekend on July 19, with BTCUSD suddenly rising from $63,303 to $66,506.
At the time of publication, the gains were still mounting after the BTCUSD pair hit an intraday high of $66,773 on Bitstamp.
“New short-term highs for #Bitcoin means that the recent streak of higher highs and higher lows (uptrend behavior) is intact,” said independent Caleb Franzen, reacting to Bitcoin’s BTCUSD sudden uptick over the last few hours.
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