A crypto analyst reiterates that “some of these” Bitcoiners have been “here for many years,” and $90,000 is the “first target” for profit-taking. Bitcoiners who have held their coins for over 155 days aren’t all holding out for a six-figure price tag, with some happily taking profits once Bitcoin surpassed $90,000, according to a crypto…
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Bitcoin has broken the $79,000 price level for the first time and many traders are sharing the sentiment that “this is just the beginning.” Bitcoin’s price has soared above the $79,000 level for the first time ever in a week during which it reached several new highs since Donald Trump was reelected as president of…
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Russia’s plan to build out Bitcoin mining in other countries could inspire other nations to do the same domestically. Russia’s plans to construct Bitcoin mining and AI computing facilities in BRICS nations could inspire other nations to tap into state-owned resources to mine Bitcoin, says an industry analyst. “Game theory is now in motion,” Nico…
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Deficit spending and lower interest rates have boosted global liquidity higher, benefiting Bitcoin and related markets, Blockware’s Mitchell Askew said. Share prices of Bitcoin miners soared as high as 24.4% on Oct. 28 as Bitcoin rallied over $70,000 — with an analyst pointing to an increasingly favorable macroeconomic climate and miners’ continued diversification into AI.…
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CryptoQuant CEO Ki Young Ju noted that while Ethereum’s MVRV is rising quickly, onchain activity levels suggest it may not be overvalued. A key metric used to determine whether Ether is overvalued or not has been “heating up” relative to Bitcoin — though one analyst argues the asset may not be in overbought territory just…
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Bitcoin price above $72,000 would liquidate $800 million worth of leveraged shorts, making it a significant resistance level for BTC. If the price of Bitcoin reaches $72,000, it would act as a “fuse,” triggering the breakthrough of the $75,000 psychological barrier. Bitcoin hitting $72,000 would spark a wave of mass liquidations, paving the way to new…
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Bull flags are historically associated with more upside momentum, but Bitcoin price could still use a catalyst before rallying to new highs. Bitcoin printed a bull flag on the daily chart, a technical chart pattern associated with strong upward momentum for the asset. Could it signal the start of the post-halving bull run? Bitcoin bull flag…
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Bloomberg ETF investigator Eric Balchunas says while it’s improbable, there’s as yet a remote possibility that the SEC could give over the “floor covering pull of 10 years.” While the odds are thin, a spot Bitcoin trade exchanged store (ETF) being dismissed for this present month will doubtlessly be because of the Protections and Trade…
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Mitchell Askew of Blockware Solutions said investors cashed in some profits during the end-of-December holiday period after a strong month. Major crypto and Bitcoin mining-related stocks, which tumbled as much as 17% on the last day of exchanging 2023, were essentially important for a “solid draw back,” says a Bitcoin examiner. As per Google Money,…
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