RATE Group | Bitcoin on the Cusp of Going “Full Bull Mode” as This Technical Pattern Emerges
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Bitcoin on the Cusp of Going “Full Bull Mode” as This Technical Pattern Emerges

02 Apr Bitcoin on the Cusp of Going “Full Bull Mode” as This Technical Pattern Emerges

Posted at 18:42h in Cryptocurrency News by

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Bitcoin’s recent selloff proved to be highly fleeting, as the cryptocurrency has now rallied up towards the upper-$7,000 region, leading it to once again confront the resistance around this price level that previously proved to be insurmountable.

Importantly, analysts do seem to believe that bulls currently have an edge over bears, as the crypto’s recent price action has established a bullish technical formation.

This formation could lead BTC to enter “full bull mode” according to one analyst, with this movement leading the crypto to climb into the $8,000 region.

Bitcoin Sees Bullish Upswing as Analysts Eye Further Upside

At the time of writing, Bitcoin is trading up just under 8% at its current price of $6,750, which marks a massive climb from daily lows of just above $6,000 that were set yesterday when bears attempted to push the crypto into the $5,000 region.

The bullish response to this attempted selloff allowed the crypto to reclaim its previous trading range between $6,600…

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