Why Bitcoin Is Poised to Rally 25%, Spring Past $9,000 In Coming Weeks

Over the holiday season, Bitcoin (BTC) has stalled in the low-$7,000s, finding itself stuck between heavy macro support in the mid-$6,000s and rather pertinent resistance in the high-$7,000s, which the cryptocurrency has been rejected by multiple times.Related Reading: Why Bitcoin’s Hash Rate High Suggests Price Explosion On HorizonAlthough some say that these rejections are indicative of an impending return to the $6,000s, then the $5,000s, a growing sentiment suggests the leading cryptocurrency could trade in the $8,000s and $9,000s in the coming weeks. To add credence to this narrative, the sentiment that BTC will trade around $9,000 this month has been supported by a number of technical analyses.

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