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Bitcoin Price To Rally If ‘$11,700 Launchpad Level’ Is Hit

Bitcoin Price To Rally If ‘$11,700 Launchpad Level’ Is Hit
Bitcoin price has been pretty much trading sideways since it pushed past the psychological $10,000 barrier in June. Noted crypto bull and analyst Josh Rager called for a critical resistance level for BTC that month. Bitcoin could register new highs if it ‘closes above the $11,700 launchpad level’ he said. In his latest tweet, he recalled the same, letting the chart do the talking. 

BTC Price Range-Bound Since $10k Run
June was the month when bitcoin finally surged back into the five-figure territory after a year-long hiatus. The rally was virtually unstoppable and ended with BTC brushing past the $13,000 mark. Since then price movement mostly has been range-bound till date.
It can also be attributed to the fact that bitcoins flowing in and out of exchanges had no major difference. Folks were majorly interested in making profits off their holdings and still are. This was also pointed out my Mr. Roger.

If you like $BTC at $10k than you're really going to love when BTC closes above $11,700…
And resumes running through every resistance in its path to new all-time highs
Nothing sensational about this just look at the chart
Little will stand in the way besides profit taking
— Josh Rager 
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