Bitcoin's rally above $11,000 is exactly what crypto bulls are looking for, Oppenheimer's technical

Bitcoin's latest upswing suggests the cryptocurrency on the verge of a new uptrend, Ari Wald, head of technical analysis at Oppenheimer, said Monday. The digital token rallied to its highest level in nearly a year in late Monday trading and held the $11,000 level into Tuesday morning. While gold is likely the most popular hedge bet for those expecting inflation to rise, bitcoin "isn't as extended," Wald said on CNBC. The coin is slowly reversing a years-long downtrend and is displaying "the...