The price of Bitcoin (BTC) has hit $12,000 again and traders are becoming more optimistic that the digital asset will hold the key level this time. 

So far, in 2020, BTC has topped the $12K level four times (all since Aug. 2) but flipping the crucial resistance level to support has been a huge challenge.

Cryptocurrency daily market performance snapshot. Source: Coin360

Three factors are leading traders to become more bullish on Bitcoin in the short to medium term. The potential catalysts are…

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