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Bitcoin on the Cusp of a Massive Rally as Analysts Closely Watch Monthly Close

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Bitcoin’s firm uptrend throughout 2020 has now led it to reach a key near-term resistance level that its bulls are currently contesting. This has resulted in mixed feelings amongst analysts as to where BTC will go next.

According to one prominent analyst, if bulls are able to push the cryptocurrency above this resistance level in the near-term, it will likely spark a violent upwards movement that sends it straight towards $9,500, which will put it just a stone’s throw away from $10,000.

A rejection at $9,000, however, could spell serious trouble for the cryptocurrency, and signal that another firm mid-term ...

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