Bull Return? Bitcoin Eyes $11K Following Upside Break259.3

Having defended $9,300 over the weekend amid low volumes, the cryptocurrency picked up bids and rose to a high of $10,443 yesterday, according to CoinDesk's Bitcoin Price Index. A high volume break above key psychological resistance indicates strong hands are at play, so it's not surprising that the price is on the up. Bullish continuation pattern: the upside break of the sideways channel signals continuation of the rally from the low of $9,280 seen over the weekend. Further, the upside break is backed by an uptick in volumes.
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