Bitcoin Rockets Past $30,000 as Bulls Target Key Level; What Analysts are Saying

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Bitcoin is in the process of rocketing up towards $32,000, with the cryptocurrency showing some immense signs of strength as bulls target it seeing further upside The overnight breakout rally that allowed it to see this explosive move higher came as a shock, with the resistance at $30,000 being sliced through with ease The strength of this movement does bode well for bulls, as it indicates that significantly further upside could be imminent in the days and weeks ahead One trader is noting that its price looks poised to move higher if it can conduct a support-resistance flip This support flip may take place in the near-term, as BTC has since broken above what used to be a key resistance level Bitcoin and the entire cryptocurrency market show immense signs of strength, with bulls being in full control of the benchmark cryptocurrency’s price action as they target it seeing further…

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