Bitcoin Whale Buys $1 Billion Worth of Assets: Bullish Outlo

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Bitcoin Whale Buys $1 Billion Worth of Assets: Bullish Outlook? The cryptocurrency market has recorded activities from Bitcoin whales in recent times with speculations of increased sentiments.

Bitcoin Whale Buys $1 Billion Worth of Assets: Bullish Outlook?
The cryptocurrency market has recorded activities from Bitcoin whales in recent times with speculations of increased sentiments.

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$BTC 59% 🐂

$XRP 62% 🐂

Bitcoin BTC tickers down $61,213 could not hold its recovery this week, signaling that the bears have not given up and are using the rallies to sell. Bitcoin is on track to finish the week with a loss of more than 4%. The longer the price stays closer to $60,000, the greater the possibility of a downside breakdown. However, analysts remain bullish on the price action in the post-halving cycle. According to Cane Island Alternative Advisors founder and investment manager Timothy Peterson, Bitcoin could soar to anywhere “between $175,000 - $350,000 in the next 9 months.” Peterson cautioned in a X post that “this bull market will end in January 2025.”

$XRP Bullish 🐂

$XRP Ripple’s price has recently been oscillating between $0.532 and $0.468, and no clear trend seems to be emerging. On the weekly timeframe, the Relative Strength Index (RSI) has dropped below the average level of 50, indicating that the bullish momentum is weakening and sellers are gaining strength.

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