The asset was up 2.5% to $6,048.52 as of 9:46 a.m. in Hong Kong. “Bitcoin’s long-term technical profiles continue to point to a new up cycle," said Fundstrat Global Advisors LLC technical strategist Rob Sluymer in a note May 8. He said Bitcoin is continuing to rebound from support at its 200-week moving average, after telling investors last week to buy. This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Source: Mint May 09, 2019 02:03 UTC