Bitcoin’s consolidation phase has muddied the clarity that many investors had regarding the strength of its uptrend
Because the resistance that has been laced just above BTC’s current price has proven to be insurmountable, it remains unclear as to what could push the crypto past this level
Analysts still believe that the crypto’s outlook could be extremely bright
In order for it to validate its potential strength, however, it is imperative that buyers push it above $9,820.
A sustained hold above this level could be enough to lead it all the way up towards $14,000
Bitcoin is currently trading within the consolidation channel that it has been caught within for the past several weeks.
The benchmark cryptocurrency’s buyers and sellers have both reached an impasse, and there have not been any clear catalysts to spark movements in…
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