Bitcoin Could See a “Glorious” Bounce Once it Taps This Crucial Level

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Bitcoin saw some immense turbulence overnight that caused its price to slide as low as $11,500 This dip was quickly absorbed by buyers, who have since allowed it to reclaim its support at $11,600 The cryptocurrency is now once again consolidating as it hovers within its previous trading range between $11,600 and $12,000 This stability has allowed altcoins to recoup some of their recent losses Analysts are now noting that BTC could be well-positioned to see a massive push higher in the days and weeks ahead if it taps one crucial support level Bitcoin and the aggregated crypto market have been flashing mixed signs in recent weeks. Despite smaller market cap altcoins being firmly in the throes of a bull market, major digital assets like Bitcoin and Ethereum have been stuck within firm consolidation trends. While speaking about this, one analyst explained that he believes this consolidation may soon draw…

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