BTC/USD Bitcoin Price Analysis: China’s support of BTC Very bullish

China is important. It is home to the largest Bitcoin mining companies and their citizens are fast adopters. Therefore, the recent court ruling is bullish and could fast-track Bitcoin loss reversal driving prices back above $7,000 in the process strengthening market confidence. So far, BTC/USD pair is stable and down one percent in the last week as prices trade in tight trade ranges.
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As reported earlier, Shenzhen Court of International Arbitration has declared Bitcoin propert