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Why Bitcoin Is Going Up? BTC Price Rises for the 3rd Session, Two Buy Signals on the Crypto Chart – Finance Magnates
As more people become aware of and interested in Bitcoin, demand for the digital currency may be driving up its price.
Additionally, recent events such as the approval of a Bitcoin ETF in Canada and the continued economic uncertainty caused by the COVID-19 pandemic could be influencing investors to turn to Bitcoin as a safe-haven asset.
Technical analysis of the crypto chart also suggests that there are two buy signals indicating a potential bullish trend for Bitcoin. This could be encouraging more traders to buy and hold onto Bitcoin, further driving up its price.
Overall, a combination of increased interest, positive news events, and technical indicators could be contributing to the recent rise in Bitcoin’s price.
