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Bitcoin Caught in Firm Uptrend as Technical Analysis Grows Increasingly Bullish

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At the time of writing, Bitcoin is trading up nominally at its current price of $8,150, which marks a slight climb from its daily lows of just under $8,000, and a slight decline from its highs of $8,300 that were set when bulls attempted to spark another rally last night.
The rejection at $8,300 led many analysts to grow bearish on the cryptocurrency, but its ability to sustain its position within the $8,000 region signals that its bulls are incredibly strong at the present moment.
Dave The Wave – a popular cryptocurrency analyst on Twitter who accurately called nearly all of Bitcoin’s major price movements in 2019 – is now explaining that he believes 2020 is shaping up to be a great year for Bitcoin, offering his followers a chart that shows BTC is on track to find itself caught within a major uptrend in the coming months.
PIC.TWITTER.COM/ZH7PLNWTKI
— DAVE THE WAVE (@DAVTHEWAVE) JANUARY 12, 2020
The data within this chart seems to indicate that Bitcoin is only a matter of months away from beginning its next parabolic ascent.
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