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Falling Trend in Bitcoin Broken, BTC and Altcoins Rise!
The bulls have once again dominated the crypto market.
The leading cryptocurrency Bitcoin (BTC) has been experiencing a gradual decline in the last period. As of today, BTC has been seen to be on the rise. Although Bitcoin did not make a huge jump, it seems to have eased the seller pressure.
Bitcoin, which managed to break its falling trend in the last period, rose from $ 30,200 to $ 30,800 with the rises it experienced. The uptrend in Bitcoin is expected to continue today.
Although Bitcoin has been experiencing declines or rises in the last period, it is still observed that BTC has not been able to achieve the much-awaited breakout. Bitcoin seems to be stuck in the $29,500 – $31,500 range as of now.
When Will the Big Break in Bitcoin (BTC) Happen?
In the last period, it is seen that Bitcoin has accumulated in the range of $ 29,500 – $ 31,500. BTC, which has been showing horizontal movements in this region for 2 weeks, still has not made an up or down break.
In the coming period, Bitcoin's falling again and losing the support of $ 29,500 may cause BTC to depreciate up to $ 28 thousand.
If the leading cryptocurrency Bitcoin (BTC) continues its positive trend today and exceeds $ 31,500, it will allow BTC to reach $ 34 thousand in a short time.
Bitcoin's rises today also helped altcoins to recover a bit. Altcoins, which experienced sharp drops yesterday, are showing upward movements today.
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