Expect an “Inverse Capitulation” if Bitcoin Breaks $14,100: Analyst

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Bitcoin currently trades for $13,800, establishing another floor as it looks to move even higher in the days ahead. The coin is below the daily highs of $14,100, set around 16 hours ago. Analysts think that Bitcoin could rip higher once it turns the $14,000 region into support. One trader went as far as to say that Bitcoin could see an “inverse capitulation.” Bitcoin Could Explode Higher if It Breaks $14,000, Analyst Says Bitcoin has undergone a strong rally over the past day, continuing higher past the $13,500 levels it held yesterday. At the highs of the past 24 hours, the leading cryptocurrency traded as high as $14,100. The rally abruptly stopped, though, as sell orders were deployed above $14,000. This resulted in a rapid wick from the $14,100 highs to $13,500, marking a large liquidation event for both shorts and longs at the time. Bitcoin currently trades for $13,800,…

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