“This Is It”: Bitcoin Is Undergoing a Critical Breakout After Consolidation


Bitcoin has moved much higher over the past two days after many weeks of consolidation. Throughout most of September, the cryptocurrency traded snug between $10,000 and $11,000. As of this article’s writing, the coin has moved up to $11,050 as it breaks higher on fundamental and technical trends. For one, the U.S. dollar is plunging as stimulus talks have seemingly restarted in a manner that should boost alternative assets. Analysts think that this may be the breakout that we’ve been waiting for. Key technical trends show that Bitcoin’s ongoing price action is of much importance to bulls. Bitcoin Is Undergoing a Pivotal Breakout, Analysts Say Bitcoin’s ongoing move higher is one of pivotal importance to bulls, analysts say. In the past 24 hours, the leading cryptocurrency has gained a handful of percent as it pushes past crucial resistances in the high-$10,000s One crypto-asset trader recently shared the chart below: it…

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