Bitcoin technical analysis: Rises on news that Square is testing buying and selling - ConsultFX

Bitcoin technical analysis: Rises on news that Square is testing buying and selling

Rises by 9%...Why not? Square, the company run by Jack Dorsey (who also runs Twitter), said that they were "testing" an App that would let customers buy and sell bitcoin.  That news was worth a near 9% runup in the crytocurrency to a high of  $7263 before consolidation between that level and $7100 set in during Copyright 2015 Forexlive.com