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Bitcoin Flag Pattern Aims $11000, But are the Bull Exhausted? Analysts Weigh-in

From coingape.com

Bitcoin [BTC] has continued to rise above $9000 as the market sentiments towards the emerging asset is growing string with each day. The Whitepaper release of Facebook’s crypto venture, Libra, is acting a positive market indicator. Although Libra is backed a basket of currencies, it still works on the concept of token holding value. Hence, it breaks the rhetoric that ‘blockchain, not cryptocurrencies, is the future of the internet.’ One seems to be coming along with the other in most real-world use cases. Furthermore, technical analysis from two analysts reveals a break above $10000 is almost imminent. Bitcoin is ... (full story)

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  • Category: Technical Analysis