Analyst: Bitcoin Likely to “Grind Up” to $30,000 as Bulls Take Control

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Bitcoin has seen some massive volatility as of late, with the benchmark cryptocurrency remaining stuck below its recently set highs but not seeing any sustained downtrend Its strength seen in the time since it faced a grim rejection at $28,500 has been impressive, invalidating the notion that this is a local top Where the market trends in the mid-term should depend largely on its continued reaction to the resistance that sits around $28,000 A firm break above this level could catalyze a move higher One analyst is calling for a push to $30,000 in the near-term, noting that it will likely be a slow rise to this level Bitcoin and the entire market have seen some mixed price action over the past few days. While most altcoins have continued drifting lower, however, Bitcoin’s price is still closing in on its recent highs. This trend has persisted for the past few…

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