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Bitcoin (BTC) Bull-Run Reaches Crucial Juncture, But Breakout Likely - Coins On News
Bitcoin price settled above the key $5,000 hurdle and tested the $5,240 resistance against the US Dollar. The price faced a strong selling interest near the main technical barrier at $5,240-5,260. There is a major connecting bullish trend line formed with support near $4,200 on the daily chart of the BTC/USD pair (data feed from Kraken). The pair corrected recently, but it is likely to make another breakout attempt above $5,240. Bitcoin price started a massive bull-run above the $4,500 and $5,000 resistances against the US Dollar. BTC is currently struggling near the $5,240 resistance, but more upsides seems possible.