The bitcoin boom is back on, and technical analyst JC O'Hara says the rally is far from over.
The cryptocurrency has risen 46% this year, pulling back above $10,000 this week for the first time since September."When we look at cryptos as a whole, they tend to trade in two distinct phases. The first being dormant consolidation, which is followed by phase two, which is a high-momentum phase," O'Hara told CNBC's "
Bitcoin was trading at $10,100 on Thursday morning. A move to $12,000 implies 18% upside from current levels. It briefly topped that level last summer.
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