RATE Group | Bitcoin Surges to $7,600; Analysts Expect Further Price Gains
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Bitcoin Surges to $7,600; Analysts Expect Further Price Gains

23 Dec Bitcoin Surges to $7,600; Analysts Expect Further Price Gains

Posted at 01:05h in Bitcoin News by

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After days of no price action, Bitcoin (BTC) has started to show signs of life. The leading cryptocurrency broke higher on Sunday morning, pushing past the $100 range that had defined Bitcoin’s price for the better part of three days.

This bullish price action has continued into early Monday morning, with the cryptocurrency now approaching $7,600 after trading under this level for days on end. As of the time of writing this, BTC is changing hands for $7,590, just a smidgen under the aforementioned level.

Bitcoin Surges to $7,600; Analysts Expect Further Price Gains 1

While this already is bullish in and of itself, a number of top cryptocurrency traders are convinced that the bullish price pressure persists.

According to Amsterdam Stock Exchange trader Michaël van de Poppe, Bitcoin’s outlook for the coming week is looking bright.

The CoinTelegraph contributor and professional analyst noted that the green box depicted below has held as support, which marks the range low. Due to this bullish sign, he went on…

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