This Coinbase Trend Could Signal Another Bitcoin Rally is Imminent

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Bitcoin’s price is inching higher this morning following a bout of weakness seen yesterday Its present strength comes as the entire market moves higher, with bulls gaining a serious edge over the cryptocurrency’s price action Twitter activity from prominent figures like Elon Musk and others have also boosted the cryptocurrency, sending its price rocketing back towards $24,000 It remains unclear as to whether or not this will be enough to boost the crypto in the days ahead One analyst is noting that the cryptocurrency could be boosted by inflows of capital from USDC whales on Coinbase Bitcoin and the entire crypto market are showing signs of strength at the moment. Where BTC trends next will depend largely, if not entirely, on whether or not it can flip $24,000 into support. The selling pressure seen above this level has proven to be intense in the past. A firm break above it,…

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