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“# Bitcoin price in classic ‘Bull Pennant’ breakout as BTC whales go on buying spree ” Bitcoin (BTC) has the potential to rise toward $75,000 by the end of this year as it breaks out of a classic bullish pattern and picks additional upside cues from its richest investors’ recent accumulation spree. Bitcoin Bull Pennant…
“# Bitcoin’s consolidation is ‘normal’ — Analysts set $80K BTC price target ” Bitcoin (BTC) bulls are still hoping for a major breakout but at the moment, bears are applying pressure and keeping the digital asset pinned below $61,000. Data from Cointelegraph Markets Pro and TradingView shows that an early morning breakout by bulls to…
“# Hawkish Fed comments and fears of stablecoin regulation spark market sell-off ” The bullish optimism seen earlier in the week was dialed back on Nov. 4 after recent comments from U.S. Federal Reserve Chairman Jerome Powell confirmed that the central bank would soon start to taper its monetary policy of easing and bond buying. …
“# Bitcoin on-chain metric suggests 2017-style bull run will continue ” Bitcoin’s (BTC) pullback from its record high of $67,000 to below $60,000 has not deterred bulls from eyeing another peak level ahead, per an indicator that attempts to predict market bottoms and tops. Dubbed MVRV, the risk metric represents the ratio of Bitcoin’s market…
“# Institutional managers bought $2B worth of Bitcoin in October ” Institutional inflows into Bitcoin (BTC) products picked up sharply in October, underscoring renewed bullish sentiment surrounding the flagship cryptocurrency. Crypto investment products saw inflows totaling $288 million for the week ending Oct. 31, with Bitcoin accounting for $269 million, according to CoinShares’ weekly flows…
“# Bitcoin whale indicator detects multi-month accumulation trend as BTC eyes $67K-retest ” Bitcoin’s (BTC) biggest investors have been lately upping their reserves in sync with the ongoing price recovery, one Glassnode metric suggests. Dubbed as “Whale Supply Shock,” the on-chain indicator represents the ratio between the amount of Bitcoin held by “whales” and “fishes.”…
“# Elon Musk-named meme token ‘Dogelon Mars’ gains nearly 4000% in October ” A so-called meme cryptocurrency named after Tesla and SpaceX CEO Elon Musk is rising in value, namely by a whopping 3,780% in October. Dubbed Dogelon Mars (ELON), the cryptocurrency reached $0.00000233 Saturday—its highest level since May 13—after opening the month at $0.00000005…
“# Ethereum’s new all-time high prepares ETH for ‘continuation to $5,000’ ” The cryptocurrency market is in high spirits on Oct. 29 after bulls managed to lift the price of Bitcoin (BTC) back near the $63,000 support zone and Ether (ETH) has established a new all-time high at $4,460. ETH/USDT 4-hour chart. Source: TradingView Here’s…
“# Bitcoin hodling rate reaches 9-month high, boosting hopes of ‘bull flag’ rally to $70K ” A yearlong price rally in the Bitcoin (BTC) market and hopes for more upside moves in the future has prompted traders to hold the token instead of trading it for other assets, Glassnode data shows. The blockchain data analytics…
“# Bitcoin bull market ‘2nd leg has started,’ says BTC price model creator ” Bitcoin (BTC) marking a new high of $67,000 last week has opened the possibility of hitting $100,000 by the end of this year. PlanB, creator of the popular Bitcoin Stock-to-Flow (S2F) model, called Bitcoin’s price retracement from the $60,000-level the “2nd…