Bitcoin Flashes Signs of Technical Strength as Traders Target $12k+

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Bitcoin is currently lagging behind many of its peers, as the benchmark cryptocurrency is stable within the upper-$11,000 region while Ethereum and other major altcoins rally Analysts are noting that the cryptocurrency is forming underlying strength, however, which may allow it to push higher in the near-term. As such, this current consolidation may be buyers’ way of laying the groundwork for a significant push higher in the near-term One trader is specifically noting that the resistance that has been plaguing BTC is beginning to degrade He believes that this suggests that further upside is imminent Bitcoin is currently stagnant within the upper-$11,000, with its bout of sideways trading coming about as many other digital assets – like Ethereum – show signs of significant strength. The resistance at $12,000 that has been insurmountable for the past several weeks has shown few signs of letting up, as buyers have yet to successfully…

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