Bitcoin’s Market Structure Shapes Up as Bulls Defend Critical Price Level

Bitcoin’s Market Structure Shapes Up as Bulls Defend Critical Price Level


Bitcoin is currently expressing some immense signs of strength as its price trades above $10,600 This marks a decisive break above the $10,500 resistance level that was previously suppressing its price action Because bulls were able to break above this effort this morning, it does appear that the benchmark cryptocurrency may be well-positioned to see further upside in the coming few hours and days The next region of interest for bulls sits around $11,000, as a firm break above this level would be extremely bullish One analyst is pointing to a variety of factors that indicate BTC may be poised for a move up to this price region

Bitcoin and the entire crypto market are showing signs of strength today. This comes close on the heels of some intense weakness that was seen last week, during which time bears attacked the $9,900 to $10,000 support region on multiple occasions.

The strong defense of this level helped bulls lay the

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