Bitcoin’s Market Structure Indicates a Massive Move Higher is on the Horizon

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Bitcoin and the entire crypto market are once again consolidating following the latest push higher, with bulls being unable to firmly push BTC over any key levels The cryptocurrency is incurring mounting technical strength, however, which comes as it stabilizes around $11,500 Where the market trends next will likely depend on the cryptocurrency’s continued reaction to its $11,600 resistance If broken above, this level may ignite a massive BTC rally that sends it past $12,000 One analyst believes that this is a strong possibility, and is now looking for its market cap to reach $600 billion in the near-term It has been a boring past couple of days for Bitcoin and the rest of the crypto market, as the benchmark digital asset has been ranging around $11,500 as bulls try to build enough strength to break $11,600. This has been a historically important level, and the resistance here has proven…

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