Why is Bitcoin price up today? By Cointelegraph


(BTC) markets posted modest gains at the beginning of the March 29 trading session as traders sought stability above $28,000, a psychological support andresistance level.

At the time of writin BTC’s price changed hands for over $28,450, its highest level in two weeks. However, short-term profit-taking sentiment among day traders pushed the price lower toward $27,850 later in the day.

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four-price chart. Source: TradingView
DXY and BTC/USD daily correlation coefficient. Source: TradingView
BTC/USD daily price chart. Source: TradingView