Bitcoin Just Posted Its First Weekly Close Above $11,700 Since 2018

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Bitcoin and the aggregated crypto market have remained stable overnight, with bulls attempting to spark another uptrend The benchmark cryptocurrency is once again pushing up towards its long-held resistance around $13,200 If this level is shattered in the near-term, BTC could gain some serious traction that causes its price to rocket higher Where the market trends next will undoubtedly depend somewhat on BTC’s reaction to this level One factor currently working in buyers’ favor is the fact that Bitcoin just posted a highly bullish weekly close This was the first weekly close above $11,700 seen since early-2018 Bitcoin is seeing an independent rally higher today, with bulls attempting to break the long-held resistance at $13,200 that has slowed its ascent. It is important to note that there is heavy selling pressure throughout the entire $13,000 region. Still, a decisive break and hold above this level could create momentum that carries…

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