1259 GMT - Positive sentiment around bitcoin could build if it can consolidate around, or preferably above, the key $80,000 level, Trade Nation's David Morrison says in a note. Bitcoin's sideways movement from early July to mid-August was an extended period of consolidation which helped to build momentum for its surge higher, wiping out bets against bitcoin and providing a basis for fresh buying, he says. A similar consolidation could help bitcoin, he says. Bitcoin rises 0.1% to $84,457 after reaching its highest level since January at $87,315 Monday, LSEG data show.
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