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TechFlow news, BTC investor and UK entrepreneur Alistair Milne believes that prolonged testing and consolidation near resistance levels will lead to a more explosive rise after breakout. He cited the period from November 2015 to May 2016, when Bitcoin repeatedly failed to sustain above $470 before eventually surging to $790. He predicts that once breaking above $74,000, the price could rapidly climb to around $95,000 within two to three weeks.
BTC investor and British entrepreneur Alistair Milne believes that the longer Bitcoin tests and consolidates near a resistance level, the more explosive the upward move will be after a breakout. He pointed out that from November 2015 to May 2016, Bitcoin repeatedly failed to sustain above $470 before eventually surging to $790. He predicts that once Bitcoin breaks above $74,000, it could rapidly rise to around $95,000 within two to three weeks.
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