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#ThanksgivingBTCMoves
#BTC🔥🔥🔥🔥🔥 $BTC
Technical indicators that suggest the digital asset could reach the elusive $100,000 mark by Thanksgiving would be a springboard for Bitcoin. $BTC
This prediction coincides with the Thanksgiving holiday season, which has historically been the basis for record-breaking price breakouts for Bitcoin.
The digital asset has formed a tapering wedge pattern, a technical pattern characterized by converging trend lines that indicate a potential breakout. According to analysis by Ali Martinez, the pattern points to a target of $99,000.
$BTC Bitcoin’s bounce off key Fibonacci retracement levels near $94,000 further supports this optimism. These levels often act as important support or resistance areas, reflecting renewed buying interest and the likelihood of a trend continuation. If Bitcoin repeats its historical performance, the next high could be $120,000, although no specific timeframe has been given.
If Bitcoin reaches this mark, it would add approximately $480 billion to its market cap, bringing its total to about $2.35 trillion.
The price of Bitcoin #BTC has posted bullish gains on nearly every Thanksgiving since 2010. The first recorded price on Thanksgiving in 2010 was a modest $0.28.
Bitcoin’s gains during past holidays have included standout years such as 2013 (6,401%) and 2017 (1,086%), while bear markets in 2014, 2018, and 2022 saw declines of 54%, 54%, and 72%, respectively.
At current valuation, Bitcoin’s technical structure suggests that it could potentially reach $100,000 in the near term.
Some of the technical indicators supporting this prediction include Bitcoin currently trading above its 50-day and 200-day simple moving averages. At the same time, the 14-day Relative Strength Index indicates potential room for further upside as the asset remains below overbought levels.
A very small percentage of public companies in the world hold Bitcoin as the institutional liquidity inflow has yet to fully materialize.
#BTC🔥🔥🔥🔥🔥 $BTC
Technical indicators that suggest the digital asset could reach the elusive $100,000 mark by Thanksgiving would be a springboard for Bitcoin. $BTC
This prediction coincides with the Thanksgiving holiday season, which has historically been the basis for record-breaking price breakouts for Bitcoin.
The digital asset has formed a tapering wedge pattern, a technical pattern characterized by converging trend lines that indicate a potential breakout. According to analysis by Ali Martinez, the pattern points to a target of $99,000.
$BTC Bitcoin’s bounce off key Fibonacci retracement levels near $94,000 further supports this optimism. These levels often act as important support or resistance areas, reflecting renewed buying interest and the likelihood of a trend continuation. If Bitcoin repeats its historical performance, the next high could be $120,000, although no specific timeframe has been given.
If Bitcoin reaches this mark, it would add approximately $480 billion to its market cap, bringing its total to about $2.35 trillion.
The price of Bitcoin #BTC has posted bullish gains on nearly every Thanksgiving since 2010. The first recorded price on Thanksgiving in 2010 was a modest $0.28.
Bitcoin’s gains during past holidays have included standout years such as 2013 (6,401%) and 2017 (1,086%), while bear markets in 2014, 2018, and 2022 saw declines of 54%, 54%, and 72%, respectively.
At current valuation, Bitcoin’s technical structure suggests that it could potentially reach $100,000 in the near term.
Some of the technical indicators supporting this prediction include Bitcoin currently trading above its 50-day and 200-day simple moving averages. At the same time, the 14-day Relative Strength Index indicates potential room for further upside as the asset remains below overbought levels.
A very small percentage of public companies in the world hold Bitcoin as the institutional liquidity inflow has yet to fully materialize.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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