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If BTC Bulls Turn $9,500 Into A Support, Bitcoin Could Finally Push Past $10,000

Emily Mason

Summary: If BTC bulls can turn $9,500 into a support level for the currency, traders could see a massive upswing one analyst stated in a tweet. $9,500 was formerly a resistance level for BTC, but the switch from resistance to support would be a strong signal. For the past week BTC has been sideways trading between $9,000 ...

If BTC bulls can turn $9,500 into a support level for the currency, traders could see a massive upswing one analyst stated in a tweet.

$9,500 was formerly a resistance level for BTC, but the switch from resistance to support would be a strong signal. For the past week BTC has been sideways trading between $9,000 and $9,400, but last night it shot out of bounds and is currently trading at $9,648. 

The currency has been toggling between $9,000 and $10,000 for the past several weeks, but one analyst believes that turning $9,500 to a support is the push needed to launch BTC into the five-figure range.

By Emily Mason 

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