$12k Bitcoin Can Unlock Prices “As High as Imagination” Will Allow: Analyst

Bitcoin has faced a rejection after surging as high as $11,500 on Monday. As of the time of this article’s writing, BTC is at $10,800. Analysts remain optimistic despite this drop from the local highs, arguing that the bearish market structure that persisted last week is now broken. One macro analyst says that if Bitcoin breaks past $12,000, the sky may be the limit for the upcoming bull run. Others say that $13,900-14,000 has more importance for BTC, as that’s where the bull market found a top in 2019. The…

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