Bitcoin Could Be Coiling Up for a Move to $11,000 as Bulls Spark Slight Rally

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Bitcoin and the aggregated crypto market have been flashing some signs of strength throughout the past day While BTC rebounded hard from its key support at $10,000, ETH was able to climb back up towards the upper-$300 region This marks a notable rise from its recent lows that were set earlier this week Where the market trends in the coming hours and days should provide significant insight into its near-term outlook One analyst is noting that this recent rebound has bolstered Bitcoin’s technical outlook, opening the gates for it to see a move towards $11,000 in the near-term Bitcoin is currently caught within a slight uptrend, as the benchmark cryptocurrency is pushing up towards $10,400 as sellers begin losing their edge over bulls. Today’s upswing comes after multiple tests of its key support between $9,900 and $10,000. The strength of the buying pressure within this level should not be underestimated,…

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