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CryptoWatch: ‘It’s only a matter of time’ until bitcoin breaks out, says one analyst

Bitcoin prices traded sideways Thursday, on track for a third-consecutive subdued session.

After Monday’s move higher, bitcoin oscillated on either side of $6,500, and in Thursday trading a single bitcoin BTCUSD, -0.09% was at $6,511.28, unchanged since Wednesday’s level at 5 p.m. Eastern Time on the Kraken exchange.

But one analyst said bitcoin’s lull may be coming to an end. “It’s only a matter of time now,” said Mati Greenspan, senior market analyst at eToro, speaking about a potential breakout for bitcoin.

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