Surging Bitcoin Nears Highest In 3 Years

Reuters Bitcoin surged more than 3% on Tuesday as it approached a key resistance level at $14,000.

Recent positive developments for the digital cryptocurrency include PayPal allowing its account holders to buy, sell, and transfer bitcoin, as well as Square's bitcoin purchase worth $50 million.

If bitcoin is able to decisively trade above the $14,000 level, the next level of resistance traders will watch is its all-time high near $20,000.

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