Analyst Who Called Bitcoin’s Tuesday Low Expects a Move to $13,000

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Bitcoin has bounced strongly after plunging as low as $11,100 on Tuesday. As of the time of this article’s writing, the leading cryptocurrency trades for $11,600 on leading exchanges. This is just under 5% above yesterday’s lows. An analyst that called that the cryptocurrency would bottom in the $11,100-11,200 region says that the asset is primed to move to $13,000. Other analysts think Bitcoin will do so. They note that since the cryptocurrency is holding above $11,500, it remains in a bullish medium-term state. Technically speaking, there is some resistance at $12,000 that BTC bulls may have trouble pushing past. Bitcoin Could Hit $13,000: Analyst On Tuesday, Bitcoin found itself embroiled in a steep decline triggered by a strong decline in the price of precious metals and in the stock market. The leading cryptocurrency fell 7% in the span of 24 hours, marking one of the largest losses since the…

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