Bitcoin: Price Breaks Out Of Consolidation And Retests The $112,000 High (Technical Analysis)

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Summary Bitcoin surged 2.8% on Wednesday to retest May's all-time high. Profit-taking signals emerge from long-term holders' on-chain activity. $110,530 support to prevent Bitcoin from falling back into its eight-week range. By Sholanke Dele Bitcoin price surprised traders on Wednesday by posting a sharp 2.8% surge, its biggest gain in six days. The move broke through a narrow five-day range between $107,350 and $109,800, pushing price above June’s high at $110,530 and retesting the $112,000 all...