Bitcoin Could Erupt Towards $13k as Market Structure Flips Bullish: Analysts

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Bitcoin has begun to break out after flatlining around $11,500-11,700 for a number of days. Just hours ago, as reported by Bitcoinist, the cryptocurrency crossed the pivotal $12,000 level. While BTC has been slowing around that level, analysts are optimistic. They say that the cryptocurrency moving above $12,000 will trigger an even greater move to the upside. Analysts are currently eyeing a $13,000 price target for Bitcoin as the $12,000 resistance seems to be falling to bulls. Bitcoin bulls may need to watch out for trends in the price of gold and other assets, though. Gold, after all, has effectively dictated BTC’s overall direction over the past few weeks. Bitcoin Could Soon Move Towards $13,000 As reported by Bitcoinist previously, Bitcoin surged above $12,000 just earlier today for the first time since August 2nd. The move has since stalled around that level, as some bears predicted. Even still, there remain…

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