No End In Sight: Record-Setting Bitcoin Rally Breaks Past $50,000

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Bitcoin price has been on an absolute tear, setting record after record over the last several months. After consolidating for weeks at a level more than double the last cycle’s peak, Bitcoin is back to making new highs and now has now traded at $50,000 for the first time in its more than decade long existence. Within moments of touching $50,000, however, sell orders began triggering. The initial rejection could suggest that the phycological resistance level might be a tough nut to crack. With the first ever cryptocurrency reaching such a pivotal level, here’s what could happen in the days ahead. Bitcoin Blasts To $50,000 As Epic Rally Continues Bitcoin this morning momentarily poked above $50,000 for the first time ever. The price point is a logical place for sellers to have set for a short- or long-term price target for their investment. When price action made its way a…

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