Bitcoin saw a sharp overnight rebound that allowed it to reclaim its position within the mid-$9,000 region
This came about after a period of weakness as it traded within the lower $9,000 region
It now appears that the crypto’s recent volatility has allowed it to form an incredibly bullish technical formation
If it posts a breakout of this formation, the crypto could soon be trading at fresh yearly highs of around $12,000
Bitcoin and the aggregated crypto market have been caught within a macro bout of consolidation. BTC has been struggling to garner enough momentum to break $10,000, leading most altcoins to also fall into firm trading ranges.
It now appears that the benchmark cryptocurrency could soon put a firm end to this, however, as multiple analysts are now pointing to the existence of an incredibly bullish triangle formation…
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