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Bitcoin hit $60,000 for the first time in six months on Friday, nearing its record high, as traders grew confident that US regulators would approve the launch of an exchange-traded fund (ETF) based on its futures contracts.
Breakouts are a common occurrence in price charts. They are often preceded by a period of consolidation and followed by level retesting. A possibility of a false breakout is a constant risk that accompanies them.
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