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Cryptocurrencies:  6,099Markets:  24,560Market Cap:  $353,401,879,43224h Vol:  $84,932,450,685BTC Dominance:  60.9%
Market Cap:  $353,401,879,43224h Vol:  $84,932,450,685BTC Dominance:  60.9%Cryptocurrencies:  6,099Markets:  24,560

Here’s What Analysts Are Saying After Bitcoin Just Broke Past $12,000

Here’s What Analysts Are Saying After Bitcoin Just Broke Past $12,000

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Here’s What Analysts Are Saying After Bitcoin Just Broke Past $12,000

Bitcoinist3 days ago
Published on August 02, 2020 04:04 GMT+0edited on August 02, 2020 06:31 GMT+0

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  • Bitcoin has exploded past the $12,000 resistance for the first time in a year. This means that in the past seven days, the leading cryptocurrency is up by approximately 23%.
  • This rally to $12,000 comes shortly after analysts began expecting this price point once BTC breached $11,400 just a day ago.
  • Bitcoin has room to rally, say many crypto analysts, arguing that there is little resistance on the charts until $14,000.

Bitcoin Breaks Past $12,000 for the First Time In Around a Year

For the first time in around a year, Bitcoin has traded above the pivotal $12,000 level. This level has acted as an important technical level for BTC on multiple occasions over the past three years.

According to Skew.com, a derivatives tracker, this latest leg higher in the digital asset market liquidated …