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17.12.202009:02 Forex Analysis & Reviews: Bitcoin Hits New Records

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- Could BTC/USD to increase further?

BTC/USD is trading at the $22,209 level after reaching a 22,393 record high. The outlook is bullish as long it stays above the uptrend line. Surprisingly, the price has registered an aggressive rally after jumping above the $19,891 former historical high.

I've told you in my previous analysis that Bitcoin will continue to increase if it passes above the $19,891 level. Technically, the rate could decrease a little after the current sharp growth. A temporary decline could help us to buy Bitcoin as well.

BTC/USD Trading Conclusion!

Bitcoin is strongly bullish, the price could approach and reach fresh new all-time highs in the upcoming period. It could advance higher as long it stays above the uptrend line. A minor decrease could help you to buy it lower and not from these new records.

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