Bitcoin Rallies Towards $24,000 as Market-Wide Uptrend Continues

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Bitcoin saw a massive surge higher earlier today that allowed it to break above $24,000 for the first time Where the aggregated crypto market trends in the mid-term may depend largely on whether or not buyers can flip $24,000 into a support level It does appear that the selling pressure just above here is quite intense and may cause it to see continued weakness One trader is now pointing to the resistance just above where BTC is currently trading, noting that it could cause the cryptocurrency to see some continued weakness So far, it does seem to be finding some strong buy-side pressure above this key price region, but it remains unclear as to how long this will last for Bitcoin and the entire cryptocurrency market are currently caught in another wave of strong buy-side pressure, which has allowed BTC to surmount $24,000 for the first time today. Where the…

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