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Bitcoin Rallies Towards USD 40K On Amazon Speculation, Liquidations Soar

Bitcoin price formed a strong support base above USD 32,000. As a result, BTC started a strong increase and it broke the USD 35,000 resistance. It even surged above USD 39,000 before correcting lower but it is currently (04:05 UTC) still showing bullish signs above USD 38,000. Similarly, most major altcoins are gaining bullish momentum. ETH surged above the USD 2,250 and USD 2,300 resistance

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