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Bitcoin Price Faces Potential Decline as Key BTC Metrics Signal Warning 🔥AIG Airdrop Is Live 🔥 Get 100,000 AIG Tokens Worth Of $100 USD Free, Join Airdrop Now On Official Website : PlayAiGames.Online⭐ Bitcoin’s price trends have captured the attention of market analysts as it teeters around a critical threshold. According to Ali Martinez, a crypto analyst, historically when Bitcoin falls below the Realized Price-to-Liveliness Ratio, set at $51,600, further price declines often follow. This drop can push Bitcoin down to its Realized Price, which stands at $31,500. With Bitcoin’s at press time priced at $54,414.30, and a minor 0.27% increase in the last 24 hours, the market is closely watching its next move. Bitcoin’s Market Performance and Key Metrics As per DefiLlama data Bitcoin’s trading activity has remained steady, with a 24-hour volume of $16.6 billion. The total value locked (TVL) within the Bitcoin ecosystem stands at $483.58 million, reflecting the capital invested across its decentralized landscape. Over the past 24 hours, Bitcoin has generated $408,744 in network fees and processed a trading volume of $5,482. These figures, coupled with 666,660 active addresses, showcase the extensive and active user base supporting the Bitcoin network. Social Trends Correlating with Bitcoin’s Decline Recent analysis reveals that social trends are playing a role in Bitcoin’s price movements. Santiment data shows a steady decline in Bitcoin’s price despite occasional fluctuations. Social dominance has spiked during several key points, but overall remains stable. This suggests that while there is heightened activity and attention surrounding Bitcoin, it is not enough to shift the current downward trend. The social volume reflects periodic increases, often aligning with the spikes in social dominance. #Bitcoin #Altcoins #CryptoNews #BTC #USNonFarmPayrollReport $BTC $ETH $USDC
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Bitcoin to Reach $150K by 2025, Skyrocket to $1M by 2030, Says Top Exec » CoinEagle
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Bitcoin to Reach $150K by 2025, Skyrocket to $1M by 2030, Says Top Exec » CoinEagle 🔥AIG Airdrop Is Live 🔥 Get 100,000 AIG Tokens Worth Of $100 USD Free, Join Airdrop Now On Official Website : PlayAiGames.Online⭐ Key PointsSwan Bitcoin’s CEO predicts Bitcoin could reach $100,000 by 2025 and $1 million by 2030.The Bitcoin power law model forecasts a median target of $115K by early 2025. Swan Bitcoin’s CEO, Cory Klippsten, recently shared his bullish price predictions for Bitcoin (BTC). He believes that by 2025, BTC could be valued at $100,000, and by 2030, it could hit the $1 million mark. Price Predictions These forecasts are not unique to Klippsten. Other financial institutions, such as Standard Chartered, anticipate that BTC could reach $150,000 by the end of 2024. However, Klippsten’s predictions are slightly more conservative, with a proposed return to $125,000 by the end of 2025. The Bitcoin power law model, a popular prediction tool among analysts, suggests similar figures. The model’s median target for early 2025 is $115,000, closely aligning with Klippsten’s prediction. However, it’s important to note that this model is based on historical price patterns and could be affected by unforeseen events. Current Market Conditions At present, Bitcoin’s price has recovered slightly, settling above $52,000. This is the same support level that halted a significant decline in August. BitMEX founder Arthur Hayes suggests that a rebound may be on the horizon, potentially driven by increased dollar liquidity. However, for a full recovery to occur, BTC must overcome several resistance levels, including those at $57,000, $60,000, and $65,000. Currently, BTC is trading at $54,300, approximately 26% lower than its March record high of $73,800. #Bitcoin #BTC #Airdrop #CryptoNews #accelerate $BTC $ETH $BNB
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Arthur Hayes Closes Short Bitcoin Position, Hints at Upcoming BTC Rally
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Arthur Hayes Closes Short Bitcoin Position, Hints at Upcoming BTC Rally Bitcoin’s price tumbled hard on Friday from $57,000 to under $53,000 in hours before it finally covered some ground. Some investors and even long-term BTC bulls, such as Arthur Hayes, tried to take advantage by shorting the asset. However, he said earlier today that he has closed his position as BTC might even rally in the next few days. CryptoPotato reported the highly volatile price actions that transpired on Friday, which began after the release of the August jobs report in the States. As the unemployment rates declined slightly month-over-month, bitcoin jumped by $1,500 and tapped $57,000. That turned out to be a false breakout, though, and the bears quickly pushed it south by more than four grand. As a result, the cryptocurrency fell to a monthly low of under $53,000. At this time, BitMEX’s co-founder, Arthur Hayes, said he had opened a short position and was aiming for a price tag of under $50,000 during the weekend. Nevertheless, BTC has bounced from its monthly low and has jumped above $54,000 as of now. Even though the weekend is far from over, Hayes posted an update earlier today, saying he had closed his position with a 3% profit because the asset ‘might’ rise in the following days due to Janet Yellen’s weekend speech. #ArthurHayes #Bitcoin #BTC #CryptoNews #Altcoins $BTC $ETH $BNB
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