RATE Group | Bitcoin Price Breaks Back Above $12,000 As Bulls Put Bears In Hibernation
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Bitcoin Price Breaks Back Above $12,000 As Bulls Put Bears In Hibernation

07 Aug Bitcoin Price Breaks Back Above $12,000 As Bulls Put Bears In Hibernation

Posted at 20:09h in Bitcoin News by

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Bitcoin price action is once again heating up, with the crypto asset making repeated attempts to regain its bullish footing and continue toward retesting the previous all-time high set back at the height of the crypto hype bubble at $20,000.

Before it gets there, the leading crypto asset by market cap will need to break through $13,800 where it was rejected in late June. This morning, Bitcoin price took yet another leap toward that target by breaking back above $12,000 – showing that bulls are in full control and bears might be forced back into hibernation so the real bull run can begin.

Bitcoin Price Back Above $12,000 For Second Attempt in Two Days

While the July monthly candle closed below $11,000 since August 1st Bitcoin price has been in a steep uptrend that’s now brought the king of crypto assets above $12,000 twice in two days.

Related Reading | “Golden” Bullish Bitcoin Price Signal: Are 5000% BTC Gains Ahead?

Bitcoin first broke above $11,000 on August 4th, and in less…

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