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Solana price could jump to $8,000 The weekly chart shows that the price of Solana has been in a remarkable comeback after bottoming at $7.65 in 2023 as the FTX crisis was continuing. With the crisis now behind us, there are chances that the coin is about to stage one of the top rallies in the crypto industries. That’s because it has been forming a cup and handle pattern, which is a popular sign of a bullish continuation. This pattern is known like that because it has a close resemblance to a cup, which has a rounded bottom and a handle. In this case, the upper side is $260, which is about 3,000% above the lowest level in 2023. To do a good SOL price forecast, you need to measure the 3,000% distance from $260. If this happens, it means that the coin will surge to $8,000. The challenge with the C&H pattern is that it usually takes a lot of time. For example, it has taken three years for the SOL price to complete the cup section of the pattern. At the same time, the coin has remained above the 50-week and 200-week moving averages, a sign that bulls are in control. Solana’s oscillators like the Relative Strength Index (RSI) and the Stochastic have continued rising in the past few months. Additionally, Solana has moved above the ultimate resistance of the Murrey Math Lines, meaning that it has two more levels to climb: overshoot at $281 and extreme overshoot at $312. The upper side of this pattern is about 21% above the current level. The bullish SOL price forecast will become invalidated if the coin drops below the weak, stop & reverse point at $218.
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Solana Price Target: Will $200 Be the Next Benchmark? Solana has risen almost 30% from recent lows, with investors eagerly pushing it towards the $200 target. The SOL price has recently breached significant resistance levels, fueled by bullish formations such as the “inverted head and shoulders”—a signal that typically forecasts prolonged upward momentum. Market analysts also highlight the “golden crossover,” where Solana’s 50-day moving average has crossed above the 200-day, bolstering this bullish trend. With prices ascending in a steady channel, Solana is well-poised to reach the $200 milestone if it can sustain this momentum.
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The current BitTorrent price today is €0.00000108. In the last 24 hours, the BitTorrent price has risen by ▲ 4.5%, this is a value rise of €0.0000000486 euros. Currently, there are 968,246,428,571,000 BTTC in circulation with a market value of €1,040,782,540.00 euros.
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Bitcoin (BTC) was invented by a pseudonymous individual or group named Satoshi Nakamoto in 2008 and is the world’s first enduring cryptocurrency that succeeded where decades of digital cash experiments failed. Bitcoin’s monetary policy is enforced through a unique blend of software, cryptography and financial incentives rather than the whim of trusted third parties. The Bitcoin network is powered by a cryptographically secure, verifiable database called the blockchain — itself a technological phenomenon. The Bitcoin ecosystem consists of a global network of stakeholders, including the miners that secure the network and drive the issuance of the Bitcoin currency, the traders who speculate on this radically market-driven asset, and the builders working to onboard people to the cryptocurrency paradigm. At Cointelegraph, we are chronicling the ongoing story of Bitcoin and the rise of a borderless, permissionless financial system. What has changed since Satoshi wrote the Bitcoin white paper? How is Bitcoin trading developing over the years, what are the best ways of investing in Bitcoin, and how do Bitcoin futures influence blockchain adoption? How will industry stakeholders work to make Bitcoin a mainstay in people’s lives, and will incumbent and legacy systems accept or fight this change? Stay tuned.
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Bitcoin keeps knocking on $90K's door, but someone's not answering. Everyone knew this resistance level would be tough. But watching Bitcoin bounce off it again and again? That's something else. What's interesting isn't the rejection - it's how quickly buyers jump in every time there's a dip. They're not even waiting for "the perfect moment" anymore. And then there's the Fed, showing up with the bad news of no rate cuts. The market barely flinched though. Sure, prices dipped a bit, but there wasn't any panic selling or mass hysteria. Just a collective shrug and back to business. Maybe that's what's different this time around. The market seems more... grown up? Even with no rate cut news that would've typically sent traders running for the exits, most are just sitting tight. So what's really going on in crypto today? Let's break down the most important headlines from the past 24 hours: Bhutan quietly sold millions in Bitcoin at $90K but still holds 12,206 BTC worth $1.11B. How are they timing the market better than professional traders? 🤔 State attorneys general unite against SEC in a landmark lawsuit led by Kentucky's AG. Why did it take them so long to challenge the SEC's authority? ⚖️ Bitfinex hacker gets just 5 years for stealing what's now worth $10.7B in Bitcoin. How does someone walk away with such a light sentence for one of crypto's biggest heists? 🔒 VanEck predicts $180K Bitcoin by 2025 as BTC dominance hits 57%. What data are they looking at that we're missing? 📈 Fed Chair Powell crushes rate cut hopes, but crypto barely notices. Is the market finally maturing, or are we missing something? 🎯
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