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Bitcoin Breakout Above $11K Should Lead to All-Time High: Analyst

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  • Bitcoin leaped over the $11,000-level Monday for the first time since August 2019.
  • The rally appeared as a weakening dollar injected new buying momentum in the safe-haven assets.
  • Josh Rager, the co-founder of Blockroots, stated the latest jump should lead Bitcoin to an all-time high after recalling a similar move from 2019.

A flurry of supportive fundamentals helped Bitcoin price break above $11,000, a level it last touched in August 2019.

The benchmark cryptocurrency established a year-to-date high at $11,420 on Monday, just as a weakening US dollar lifted bids for safe-haven assets. The advance marked Bitcoin’s third consecutive …

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