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‼️CRYPTO BREAKING NEWS: Famous author Robert Kiyosaki predicts that
#Bitcoin
will reach 350 thousand dollars by August 25, 2024.
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A rare signal for Bitcoin: A rally is imminent! On-chain analysis platform CryptoQuant has claimed that Bitcoin (BTC) has formed a rare bullish formation. Although the impact of the US elections is slowly fading, the BTC price is trading above $90,000. While #Trump is expected to take office on January 20, the crypto market is expected to remain positive during this process. A rare breakout has emerged in #BTC price chart measurements. CryptoQuant stated in its analysis published on November 18 that Bitcoin is blinking at a “strong rally.” According to the analysis, the BTC price is approaching the breakout line in the “Puel Multiple” indicator. It is estimated that the price will increase by nearly 90 percent if the breakout occurs. Analyzing the results of the Puel Multiple over the last five years, CryptoQuant discovered that the metric has crossed its 365-day moving average only three times. #BTC made a significant increase in all three of these breakouts. CryptoQuant analyst Burakkesmeci, who made statements on the subject, said; “Puell Multiple helps us understand market cycles from a mining perspective.” It was stated that $BTC increased by 76 percent in January 2024, when the Puell Multiple metric was last seen. In January 2020, when the metric showed an upward break, the BTC price increased by 113 percent. The third and last data was in March 2019. On the said date, the $BTC price increased by 83 percent after the golden intersection created by Puell Multiple. The analysis touched on the following; “All these data points and the macroeconomic framework indicate that a strong bull rally may be on the horizon”
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Bitcoin on the way to $100,000: Analysts' target is too crazy! #Bitcoin is approaching a historic milestone. The leading cryptocurrency, currently trading around $90,000, is gradually approaching the long-awaited $100,000. However, according to BCA Research analysts, this is just the beginning. According to analysts' estimates, Bitcoin could exceed $200,000. The prediction is based on technical analysis and Bitcoin's increasing importance in global finance. BCA Research draws attention to a metric called the "260-day fractal." This fractal tracks 260-day price movements. According to analysts, when the value in the relevant metric falls below 1.20, the market has reached the peak of the bull cycle. Currently, this value is still well above this threshold level. #BCA analysts state that the current rally is still in its early stages. #BCA Research's $200,000 forecast has given hope to crypto investors. This prediction emphasizes Bitcoin's growing influence in the global financial ecosystem. The flagship of cryptocurrencies is increasing its potential for growth day by day as it approaches the $100,000 milestone. In particular, net inflows from spot ETFs and Donald Trump's positive statements about Bitcoin may push the target even higher. However, it is necessary to pay attention to the $100,000 band in this process. This level may bring psychological selling pressure. A weekly close above $100,000 will further accelerate the BTC rally.
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Bitcoin continues to be positive: These 5 altcoins made their mark on the day. Bitcoin, which gained strength with Donald Trump's moves towards crypto, greened the altcoin market. Bitcoin, which has been hovering around the $ 90,000 band for a few days, gave confidence to crypto investors with the positive news from Donald Trump. Rumors that Donald Trump would be in talks to buy the cryptocurrency exchange Bakkt carried BTC above $ 92,000 during the night. In addition, the possibility of Trump meeting with Coinbase CEO Brian Armstrong excited investors. 1- Hedera (HBAR) $HBAR , one of the important names of the 2021 bull, attracted attention with its 37 percent increase in the last 24 hours. HBAR, which took its place on the list after a long break, reached the top. The level to watch out for for the popular altcoin will be the $ 0.20 band. The bull run may accelerate with the break of this level. 2- Tezos (XTZ) $XTZ , which exploded with the effect of the news flow, has increased by 28 percent in the last 24 hours. XTX, an old altcoin, reminded itself again with this rise. As long as the rise in #XTZ continues, the flow of money to major coins may increase. 3- Akash Network (AKT) #AKT , which is seen as one of the potential projects of the upcoming bull season, has increased by 20 percent in the last 24 hours. The popular altcoin, which has left $ 4 behind, seems to be targeting $ 5. Daily closings above $ 5 will increase bull signals. 4- Theta Network (THETA) $THETA , one of the popular names in the #GameFi field, has shown a performance of 13 percent in the last 24 hours. #THETA , which gives hope for the GameFi trend, may accelerate its rise by breaking $ 2. 5- Kaia (KAIA) KAIA, formerly known as Klaytn, increased by 10 percent in the last 24 hours. With this increase, KAIA, which has written its name from the fifth place on the list, made an early start to the bull season. The level that investors should pay attention to for KAIA will be $0.15. Staying above this level will increase bull signals.
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Pennsylvania to Allocate Reserves to Bitcoin: A Turning Point for Institutional Adoption? In a bold move that has caught the attention of the global financial community, Pennsylvania has announced plans to allocate a portion of its state reserves to #Bitcoin . This marks one of the first instances of a U.S. state directly embracing cryptocurrency as part of its financial strategy. Institutional Adoption or Isolated Event? This decision could signify the growing legitimacy of Bitcoin as a hedge against inflation and a long-term store of value. It aligns with the broader trend of institutions, corporations, and even governments recognizing Bitcoin's potential. However, some skeptics may see this as a unique experiment rather than a trend-setting precedent. Potential Impacts on the Crypto Landscape Increased Confidence: Pennsylvania’s move could encourage other states and institutions to explore #Bitcoin as a viable investment, fostering broader adoption.Market Stabilization: As more institutional players enter the market, their presence could bring maturity and stability, reducing volatility over time.Regulatory Spotlight: This decision might prompt further regulatory scrutiny, but it could also lead to clearer guidelines for institutional participation in crypto markets. A Step Toward Mainstream Acceptance For the crypto ecosystem, Pennsylvania’s announcement could be a pivotal moment. If successful, it might validate Bitcoin as an asset class for governments and institutional portfolios alike, accelerating its integration into the global financial system. What’s Next? Will this spark a domino effect among other states and countries? Or will it remain an isolated case? Share your thoughts on how Pennsylvania's decision might shape the future of Bitcoin and the broader crypto landscape! #PennsylvaniaBitcoinReserve
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Bitcoin Surges Beyond $93,000: What’s Next for the Market? Bitcoin’s recent climb past the $93,000 mark has captured the attention of investors and traders worldwide. While this milestone has fueled optimism, the market is showing signs of increased volatility, with fluctuations both upward and downward in recent days. The key question now is: what lies ahead? Market Dynamics and Potential Scenarios 1. Bullish Continuation: If Bitcoin sustains its momentum, we could see a push toward psychological resistance levels like $100,000. This scenario may be driven by growing institutional adoption, macroeconomic factors like inflation concerns, or continued retail demand. 2. Pullback and Consolidation:After such a significant rally, a period of correction or consolidation would be natural. A healthy retracement could stabilize the market, allowing traders to identify support levels around $90,000 or lower. 3. Increased Volatility:External factors like regulatory updates, macroeconomic shifts, or unexpected market news could intensify volatility, leading to sharp price movements in either direction. Strategies for Navigating the Market - Long-Term Investors:HODLers may focus on dollar-cost averaging to mitigate the effects of short-term fluctuations while benefiting from Bitcoin’s long-term growth potential. - Active Traders: With heightened volatility, traders can capitalize on short-term opportunities using strategies like scalping or swing trading, keeping a close eye on technical indicators. -Risk Management: In an unpredictable market, setting stop-loss orders and diversifying portfolios can help minimize risk exposure. Community Insights As Bitcoin navigates this critical phase, it’s essential to stay informed and adapt strategies based on emerging trends. Could this surge pave the way for a new bull cycle, or are we looking at an overextended rally? Share your thoughts, predictions, and trading strategies in the comments below! #NextMarketMoves
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