Bitcoin Slows Its Bearish Momentum Following Daily Close; Factors to Consider

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Bitcoin is currently flashing some notable signs of strength following the bout of weakness seen throughout the past couple of weeks. That being said, the cryptocurrency has since posted a strong $1,000 rebound from these lows, signaling that bulls aren’t ready to cede control over its near-term trend.

BTC’s Latest Daily Close Strikes a Blow to Bears’ Momentum While speaking about Bitcoin’s near-term outlook, one analyst observed that the daily close above $10,500 has muddied the waters as to the crypto’s near-term trend. How Bitcoin trends throughout the coming few days should offer insights into the mid-term outlook of the aggregated crypto market.

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