Bitcoin Clears Key Range as Analysts Eye Move to $55,000 in Near-Term

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Bitcoin saw some wild price action yesterday on the heels of news surrounding Tesla’s massive $1.5b Bitcoin purchase The crypto instantly rallied from the upper-$30,000 region to highs of $45,000 before it found some resistance Following a brief consolidation phase and slight selloff, the crypto kicked off round two of its uptrend later in the afternoon, surging to fresh all-time highs of $48,000 Its price now seems to be fairly stable and isn’t showing any immense signs of weakness at the moment This could indicate that a significant move is higher in the short-term and that late buyers who are scrambling to gain exposure are helping drive it higher One analyst is now setting his sights on a move up to $55,000 in the near-term Bitcoin and the entire crypto market have rocketed higher throughout the past couple of days, with sellers unable to gain any serious ground against buyers…

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