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Bitcoin threatens to break above $11,000 as consolidation continues

From cryptoslate.com

Bitcoin threatens to break above $11,000 once again after its recent drop to $9,500. Although BTC dominance appears overdue for a major correction, it still remains bullish from a technical perspective. The market sentiment around Bitcoin was stoked following Bakkt’s approval for physically-settled Bitcoin futures. As the first signs of the continuation of the bull trend, Bitcoin appears to be consolidating and could be bound for another surge. Bitcoin dominance Bitcoin dominance surged in the last two months after breaking out of an ascending triangle that began forming at the trough of the correction in 2017 (where ... (full story)

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  • Category: Technical Analysis