Bitcoin Ducks Deep Pullback against Euro and One Strong Fundamental Could be Behind It

Bitcoin is looking attractive against the Euro as the European Central Bank signals it will leave negative rates intact.
The bitcoin-to-euro exchange rate on January 24 ducked a deep downside attempt after bouncing back from its local support of €7,4577.77. The latest move uphill took the pair up by 6.20 percent, indicating that bulls are still in charge of the bias in euro-denominated markets.
The BTC/USD bidding rate is showing an interim recovery | Source: TradingView.com, Coinbase
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