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Bitcoin Breakout Has Opened Doors to $25K: Analysts
Bitcoin's (BTC) January price rally has analysts focusing on higher valuations last seen in mid-2022. The top cryptocurrency by market value has risen almost 40% to $23,000 this month, the steepest gain since October 2021, according to CoinDesk data. The bounce looks impressive, considering it has cleared key resistance levels despite lingering concerns about the fallout from the bankruptcy of crypto exchange FTX. A resistance level is the price where supply is expected to be strong enough to keep prices from moving higher. Bitcoin's October bounce ran out of steam around $21,000, establishing that as a significant ... (full story)