Strong Bitcoin Accumulation by HODLers Helps BTC Surge Past $31,500, Next Target …..

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Bitcoin has bounced back strongly in the last 48 hours gaining 8% on the weekly chart. Today, the BTC price is up by another 5% moving past $31,500. The recent price rally comes as Bitcoin tries to catch up with the U.S. equity market after strong decoupling last week.

Bitcoin has given a strong breakout on the daily chart. This could be the start of its journey towards $38,000.

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