Nov 17, 2019
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Bitcoin May Be Forming Long-Term Bottom as Bulls Fight Back

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After an extended period of trading sideways around $8,500, Bitcoin’s bulls have begun to fight back, pushing the crypto towards $8,700. In spite of this upwards movement today, it is important to note that BTC has not yet been able to climb back above its previous support level around $8,800.

Analysts are now noting that they believe Bitcoin is close to forming a long-term bottom that will help propel its price higher in the near-term, in spite of the bearish conditions surrounding its trading volume.

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