2 Key Reasons Why Analysts Expect a Strong Bitcoin Breakout Here

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Bitcoin has finally begun to move higher after much consolidation over the past week. The cryptocurrency trades for $36,000, having moved 3% higher in the past day. The cryptocurrency is likely preparing for a stronger breakout, analysts say. Bitcoin Jack shared that Bitcoin is on the verge of breaking past two key resistance levels on a daily time frame, assuming the daily candle closes around current levels. MicroStrategy is hosting a Bitcoin even that could drive even more capital into this nascent market. Bitcoin Prints Clear Breakout Bitcoin has finally begun to move higher after much consolidation over the past week. The cryptocurrency currently trades for $36,000, its highest price in a number of weeks (discounting the Elon wick) after the coin fell from $42,000 to $30,000 earlier this year in January. Bitcoin is up 2% in the past 24 hours as it begins to trend higher. Analysts think that…

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