Analyst: Bitcoin May See 30% Rally to $12,000 as Price Breaks Out

While there are some bearish technical signals for Bitcoin, the cryptocurrency has managed to hold the $9,000s against the odds. As of the time of writing this, BTC is changing hands for $9,250, up a mere 0.22% in the past 24 hours.
According to a leading analyst, the fact that Bitcoin has held in the $9,300 range is a sign that it may be readying to surge to $11,300, maybe even as high as $12,300.
Related Reading: Ethereum May Target $170 in Near-Term as On-Chain Volume Drops 20%
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