Bitcoin, Bull Market
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Bitcoin price surprised traders on Wednesday by posting a sharp 2.8% surge, its biggest gain in six days. Click to read.
Bitcoin's BTC $110,770.05 spot price has surpassed $111,000 and could rise by another 30% to exceed $140,000. That's the message from the daily price chart of BlackRock's Nasdaq-listed spot bitcoin ETF, known by its IBIT ticker, which shows a bull flag breakout.
Bitcoin broke multiple all-time highs this week, driving renewed market momentum. Memecoins M and MOG led weekly gains.
Bitcoin is getting a boost from a handful of catalysts that could take its price as high as $143,000, Rosenberg Research said.
Key Takeaways Bitcoin powered past $112,000 to another record high yesterday, its first since late May, before consolidating in early trade on Thursday.Bitcoin’s price nudged above the top trendline of a descending channel Wednesday,
Bitcoin has broken out and its price finds itself in chartered territory. Can BTC maintain its bullish momentum?
Crypto market analyst says Bitcoin may be running out of time to continue its bull run if it follows a similar 4-year cycle.
The 4-hour chart confirms the daily structure. Bitcoin, post-consolidation at 98,192 USD, is now forming sub-wave 3 within a broader bullish move, with potential to hit 123,183 USD. Buy minor corrections within the uptrend to join wave 3.
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