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These 3 Simple Reasons Suggest Bitcoin Is Ready to Surge Higher

Although there are many investors anticipating Bitcoin will fall once again, citing the global uncertainty that is epitomized by the Dow Jones’ record 3,000-point loss on Monday, there are some reasons to believe the cryptocurrency may soon mount a recovery.Related Reading: Crypto Tidbits: Bitcoin Plunges 50%, COVID-19 Cases at Ethereum

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Bitcoin Dominance May Suggest a Massive Altcoin Selloff is Inbound

Bitcoin and the aggregated cryptocurrency market have incurred some notable upwards momentum overnight, allowing many altcoins to surge and put some significant distance between their recent lows. This momentum, however, may be short-lived as analysts closely watch to see how Bitcoin’s dominance over the market reacts to a key level, as

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Pullback ahead? Bitcoin Price Indicators Suggest Waning Bull Momentum

Bitcoin’s price action of the last 24 hours is telling a tale of buyer exhaustion and hinting at a more major price pullback ahead. The top cryptocurrency by market value jumped to three-month highs above $9,600 during Monday’s Asian trading hours, extending January's 30 percent gain. However, the breakout above the

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