Bitcoin: After Pushing Past $11k, Analysts Believe BTC Could Climb Significantly Higher; Here’s Why13.2

Bitcoin has continued to surprise investors as it has been able to maintain its upward momentum even after it pushed into the upper-$10,000 region, where it faced increased levels of selling pressure. Despite this, BTC is still facing some resistance in the lower-$11k region, and it is unclear as to whether or not the crypto’s bulls will have enough strength to propel it higher.

Analysts are now noting that Bitcoin is still expressing some bullish technical formations, and if it is able to surge as much as it has so far this year, its price may soon close in on the upper-$30k region.

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