History Suggests Bitcoin’s Next Big Breakout Will Take Place at the End of 2020

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Bitcoin’s price has been showing signs of strength throughout the past few hours, finally pushing above $10,600 This strength is tempered, and bulls remain in a precarious position as they struggle to catalyze any sustainable uptrend The entire market has been relatively quiet over the past few days and weeks, with many altcoins drifting lower as BTC shows signs of weakness One analyst is noting that a historical analysis of Bitcoin’s present outlook suggests that it is still months away from posting a massive breakout He believes that it is still in an accumulation phase and will begin rallying later this year Bitcoin and the entire crypto market have been caught within a bout of sideways trading. Both bulls and bears have been unable to garner clear control over the market, which has created a sense of fear amongst investors and traders. Where Bitcoin trends next may depend somewhat on…

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