Markets are up slightly over the last few days, with some saying that prices have nearly found a bottom.
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Market data is provided by the HitBTC exchange.
Mark Dow, a former International Monetary Fund (IMF) economist who had bet short on Bitcoin in December of last year, has tweeted that he has covered his positions. However, Dow also mentioned that he has not opened a long position and has no interest in doing so.
Another prominent trader, Mike Novogratz, an ex-Goldman Sachs partner and founder of crypto merchant bank Galaxy Digital, expects the leading digital currency to hold $3,000. He anticipates a consolidation between $3,000 and $6,000 in the near future.
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