Bitcoin’s Latest Leg Higher Brings It Above a Crucial Macro Level

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After bottoming at $10,200 earlier this month, the cryptocurrency has ripped higher. Bitcoin now trades just shy of $12,000. Bitcoin will need to close above $11,828 on a weekly time frame if it is to confirm its macro bullish trend Bitcoin Crosses Pivotal Macro Level Bitcoin has pushed strongly higher over the past two weeks. After bottoming at $10,200 earlier this month, the cryptocurrency has ripped higher, as it now trades just shy of $12,000. Earlier this hour, the cryptocurrency passed that pivotal resistance level as buyers stepped in. While BTC still sits below $12,000, analysts remain bullish as Bitcoin holds above another crucial level. That level in question is $11,828. One crypto trader and chartist shared this chart amid the rally higher. It shows that since early 2018, that level has been of absolute importance to Bitcoin bulls, marking the highs multiple times in 2018, in 2019, and even…

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