Bitcoin holds 5-week high as trader suggests ‘parabolic’ bear trend is over

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Bitcoin (BTC) took aim at $24,000 on July 20 after a night of solid gains put bulls in the driving seat. Parabolas violated Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it breached $23,800, its highest level since June 13. Against expectations, crypto staged a recovery beyond an intra-hour “fake-out” as risk assets benefitted from declining United States dollar st...

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