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Breaking: Bitcoin breaks out, targets $25,000

Breaking: Bitcoin breaks out, targets $25,000
FXStreet TeamFXStreet TeamFXStreet

Bitcoin price appears to breaking out after clearing a critical area of resistance.

The pioneer cryptocurrency sliced though the $20,900 level, which represented the upper trendline of a symmetrical triangle that developed on the four-hour chart. The technical formation anticipates that further buying pressure could trigger a 25% upswing towards $25,000.

Bitcoin price

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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