Bitcoin Sees Mounting Strength as Next Parabolic Wave Begins

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Bitcoin has seen some promising signs of strength throughout the past few days and weeks The cryptocurrency has secured what appears to be a strong foothold above $50,000, which comes as many altcoins show signs of immense strength Where the market trends next will undoubtedly depend largely on whether or not BTC can maintain its present stability Any sharp decline from here could drag the entire market lower and lead to a cascading selloff However, analysts are bullish on the crypto’s near-term outlook, with one trader explaining that a move higher is likely so long as its $51,000 support level continues holding strong Bitcoin and the entire crypto market have been caught within a strong uptrend over the past couple of days, with BTC seeing a few sharp selloffs that have all resulted in nearly instant rebounds. The benchmark cryptocurrency is now consolidating above $51,000, with the support here proving…

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