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Bitcoin (BTC) Price May Rise Beyond $40,000 as Weekly Golden Cross is on the Horizon! With the recent price action, the Bitcoin price secured some crucial levels, which suggests a massive upswing could be fast approaching Following a bullish close for the year, the BTC price is believed to set up a remarkable trend in the coming weeks Alongside, the BTC price is closer to accomplishing a massive move as the technicals have flashed a huge bullish signal. The price recently encountered the very first weekly death cross in history, and now it may face the first weekly Golden Cross.  The weekly 50-MA and 200-MA are closer to undergoing a bullish crossover, which may occur in just a few days. This may offer the required push to the BTC price, which is trying hard to close the weekly trade above the crucial resistance. If the bulls sustain the gains, the target above $40,000 may be easily achieved and lay down a strong support base for Bitcoin to close the year on a bullish note. #BTC #PriceProjections #BTCPriceForecast #BTCto40k #BTCPrice $BTC

Bitcoin (BTC) Price May Rise Beyond $40,000 as Weekly Golden Cross is on the Horizon!

With the recent price action, the Bitcoin price secured some crucial levels, which suggests a massive upswing could be fast approaching

Following a bullish close for the year, the BTC price is believed to set up a remarkable trend in the coming weeks

Alongside, the BTC price is closer to accomplishing a massive move as the technicals have flashed a huge bullish signal. The price recently encountered the very first weekly death cross in history, and now it may face the first weekly Golden Cross. 

The weekly 50-MA and 200-MA are closer to undergoing a bullish crossover, which may occur in just a few days. This may offer the required push to the BTC price, which is trying hard to close the weekly trade above the crucial resistance. If the bulls sustain the gains, the target above $40,000 may be easily achieved and lay down a strong support base for Bitcoin to close the year on a bullish note.

#BTC #PriceProjections #BTCPriceForecast #BTCto40k #BTCPrice

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Binance founder Changpeng Zhao is world’s richest prisoner. The founder of the world’s largest cryptocurrency exchange- Changpeng Zhao- was once the most powerful crypto industry figure. Former CEO of Binance Changpeng Zhao has been sentenced to four months in prison after he pleaded guilty to violations of US anti-money laundering and sanctions laws last year. The founder of the world’s largest cryptocurrency exchange was once the most powerful crypto industry figure. With this, he becomes the second major crypto boss to be sentenced to prison after Sam Bankman-Fried of FTX. Changpeng Zhao is also the richest person to be imprisoned in the US and likely in the world as well. His personal fortune stands at $43 billion, as per Bloomberg which reported that his net worth is likely to grow even more while he is jailed amid the ongoing crypto bull run. The 47-year-old stepped down as CEO of Binance last year but the company's board of directors include many of his close friends, it was reported. He also retains an approximate 90% stake in Binance. US District Judge Richard Jones in Seattle imposed a significantly shorter prison term on Changpeng Zhao while prosecutors had sought more than three years sought. The sentence is also below the maximum 1-1/2 years recommended under federal guidelines. In comparison to Sam Bankman-Fried, the sentence is lighter as the FTX boss has been given 25 years behind bars although he is appealing his conviction and sentence. #czprison #CZBİNANCE #changpengzhao #BinanceCEO #RichardTeng
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Could Bitcoin's halving trigger a market rally like before? Bitcoin halvings, cutting mining rewards in half roughly every four years, historically boost market surges by increasing scarcity. Understanding past impacts is key to predicting future rallies. Here's a snapshot of past halvings and their effects: ● 2012 Halving: The reward dropped from 50 to 25 bitcoins, leading to a price leap to over $1,000 by late 2013, from $12. ● 2016 Halving: The reward fell to 12.5 bitcoins, with the price skyrocketing to nearly $20,000 in December 2017, up from about $650. ● 2020 Halving**: Reward was cut to 6.25 bitcoins. Despite global economic challenges, Bitcoin reached over $60,000 by April 2021. While these patterns highlight halvings as potential catalysts for market rallies, several factors could influence future outcomes: ▪︎Market Maturity: Increased institutional involvement and a more mature market might dampen the halving's impact. ▪︎Regulatory Environment: The legal landscape for cryptocurrencies can significantly sway Bitcoin's price, depending on how supportive or strict it is. ▪︎Technological Advances and Adoption: Enhancements in Bitcoin's technology and wider adoption may boost market confidence and impact prices positively. ▪︎Economic Conditions: The global economy, including inflation, currency valuation, and stock market movements, can affect Bitcoin's appeal as an investment or hedge around halving times. Understanding these dynamics is key to anticipating how future Bitcoin halving events may unfold in the market. #btchalving2024 #BTCHALVING #BTC #BullishMovement #marketanalysis
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