Bitcoin’s Push to $11,000 Comes Following Intense Accumulation from Whales

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Bitcoin is currently in the process of pushing towards $11,000, although it is facing some slight selling pressure at this level The cryptocurrency now appears to be positioned to rally higher in the near-term, as it was able to post an incredibly bullish weekly candle close yesterday Within one minute of this candle closing, BTC’s price rocketed by hundreds of dollars One interesting trend that appears to be backing this move is a pattern of accumulation amongst so-called “whales” An analyst observed that this body of investors was heavily accumulating BTC throughout the recent dip Bitcoin and the entire crypto market are pushing higher. BTC is now fast approaching its heavy resistance around $11,000, with a break above this level opening the gates for a move up towards its next resistance at $11,200. This level marks the upper boundary of the wide trading range formed throughout the past couple of…

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