Bitcoin Price Analysis: BTC Triangle Breakout Tops $11,500

Bitcoin appears to have bottomed out, giving way for gains towards $12,000. The on-chain analysis shows the absence of tough resistance heading to $12,000. The flagship cryptocurrency eventually broke out above the stubborn resistance at $11,000. The impressive weekend gains extended to $11,500. However, the tremendous bullish pressure appears to have taken a pit stop

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Author: toutiao