This Imminent Supply Zone May Lead Bitcoin Significantly Higher

In the time following Bitcoin’s recent break above its key near-term resistance level at $7,200, the benchmark cryptocurrency’s bears have lost some of their steam as it declines below this level, with it now being at risk of revisiting its support at $7,000. Analysts are still expressing some bullishness, however, with one noting that he anticipates Bitcoin to ultimately reach its key supply zone around $7,600 before it finds enough selling pressure to catalyze a […]

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Author: toutiao