Bitcoin Just Broke a Descending Trendline from 2017; Is the Bull Market Here?

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It has been a wild 24-hours for Bitcoin and the aggregated cryptocurrency market Following a long-held bout of consolidation, the benchmark digital asset is now breaking out and appears to be aiming for a test of its yearly high at $10,500 BTC’s latest break above $10,000 is different from those seen previously and has so far proven to be far more sustainable Analysts are now noting that this movement has also allowed Bitcoin to shatter a multi-year descending resistance line formed since 2017 This means major upside could be brewing in the near future Bitcoin was able to incur some tremendous momentum yesterday that allowed its price to surge as high as $10,300. In recent months, each visit into the five-figure price region has been short-lived, with the crypto facing multiple harsh rejections here. It is important to note that this move appears to be far more sustainable than those…

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