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Bitcoin Price is Primed For a Rally And Only 1 Thing is Holding it Back – NewsBTC

Bitcoin is showing positive signs above $10,800. BTC broke the $11,000 level and it is currently correcting lower towards key supports.

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Bitcoin is showing positive signs above the $10,800 support against the US Dollar. BTC broke the $11,000 level and it is currently correcting lower towards key supports.

  • Bitcoin gained pace and traded to a new weekly high at $11,176.
  • The price is currently correcting below $11,000, but it is well above the 100 simple moving average (4-hours).
  • There are two major bullish trend lines forming with support near $10,900 and $10,800 on the 4-hours chart of the BTC/USD pair (da…

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