These Factors All Suggest Bitcoin is Poised to Explode Past $16,000

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Bitcoin has been seeing some slight turbulence over the past few hours on news of Pfizer developing a highly effective vaccine Initially, this news sent BTC’s price inching lower, but it has since shown signs of strength as buyers absorb sell orders It remains unclear as to whether or not this news, and the ongoing stock market rally, will bode well for the cryptocurrency in the days and weeks ahead If BTC continues trading like gold, it could soon nosedive lower, as precious metals and so-called “safe haven assets” have been struck hard by the news One analyst is pointing to a plethora of signs that indicate Bitcoin’s next big movement will be a break above $16,000 Bitcoin and the aggregated crypto market are seeing stagnating growth as the stock market rallies today. This comes shortly after Pfizer announced that their vaccine for the rapidly spreading virus has 90% effectiveness.…

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