Bitcoin

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<ul class="wp-block-list news-points">
 <li>Bitcoin surged to $73,600 on Tuesday in a classic bull run.</li>
 <li>The recent rally launched Bitcoin into significant resistance.</li>
 <li>BTC could trend sideways ahead of the upcoming election.</li>
</ul>
Bitcoin surged to $73,600 on Tuesday, putting in a classic bull run rally. This pushed the cryptocurrency into significant resistance, less than $200 away from its all-time high. An Altcoin Buzz <a href="https://www.youtube.com/watch?v=TxWQaHNRZGI" target="_blank" rel="noopener noreferrer nofollow">podcast analyst</a> said that reaching this region could trigger a dip in Bitcoin’s price. However, he did not predict how far the dip would go to determine whether the Bitcoin bull run had started or if the recent rally was a bull trap.
Consistent with the analyst’s prediction, Bitcoin pulled back after Tuesday’s price surge, trading for $72,428 at the time of writing. The pullback so far seems typical of a cryptocurrency’s intraday behavior. It does not suggest that the flagship crypto crashed after reaching a region of significant resistance.
<h2 class="wp-block-heading" id="h-bitcoin-s-price-history-and-potential-scenarios">Bitcoin’s Price History and Potential Scenarios</h2>
The Altcoin Buzz analyst said it is too early to determine Bitcoin’s next move, given its proximity to an all-time high. He used historical data to show how the cryptocurrency has repeatedly c…
The post <a href="https://coinedition.com/bitcoin-tests-all-time-high-analysts-predict-potential-pullback-and-consolidation/" rel="noopener noreferrer nofollow">Bitcoin Tests All-Time High: Analysts Predict Potential Pullback and Consolidation</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin Tests All-Time High: Analysts Predict Potential Pullback and Consolidation

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