Bitcoin Remains Stuck Below Key Technical Level as Bulls Try to Take Control

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Bitcoin’s price has been stagnant throughout the past several weeks and months, with buyers and sellers being unable to gain firm control of its near-term outlook The crypto is now pushing up towards $10,800, which has proven to be a heavy resistance level throughout the past several days and weeks If this level continues holding strong as resistance, whether or not it is broken above should offer profound insights into BTC’s near-term outlook A firm break above this level could open the gates for the cryptocurrency to see a move up towards $11,000 Ultimately, how the benchmark crypto reacts to the selling pressure here will determine its mid-term trend Bitcoin and the entire cryptocurrency market have been struggling to gain any sustainable momentum in either direction throughout the past several weeks and months. Analysts are now noting that where the market trends next will likely depend largely on how the…

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