Bitcoin News
By Pankaj K
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Breakout Pattern Signals Higher Price Targets. Stockton explained that Bitcoin's recent breakout from a multi-week sideways trend has triggered a…
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Other Analysts Share Similar Targets. Katie Stockton is not alone in her bullish outlook. Multiple analysts have released similar…
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Institutional Capital Still Leading the Charge. One surprising factor about this rally is the limited participation from retail investors.
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Bitcoin Flips Amazon in Market Value. Bitcoin’s latest breakout has significantly boosted its market capitalization, which now stands at…
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What Comes Next for BTC?. With most technical indicators still favoring bulls, analysts believe Bitcoin has room to move…
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Key Levels to Watch
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Bitcoin’s historic rally has caught the attention of market analysts once again, with fresh forecasts suggesting the world’s largest cryptocurrency could hit $135,000 before a…
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Bitcoin reached a new all-time high of $122,871 on Coinbase on Monday before slightly retracing below $120,000 in early Tuesday trading.
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According to her projection, if Bitcoin’s momentum continues without a major reversal, the cryptocurrency could reach $135,000 before entering a correction phase.
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“That puts Bitcoin at around $135,000 as an intermediate-term objective,” Stockton told CNBC.
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She added that Bitcoin-related stocks such as Coinbase and Strategy (formerly MicroStrategy) are likely to benefit from this rally, and noted that other major cryptocurrencies…
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Katie Stockton is not alone in her bullish outlook. Multiple analysts have released similar projections following Bitcoin’s July 10 breakout.
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Markus Thielen, head of research at 10x Research, said that breakout signals like this have historically led to a 20% rally over the following two months.
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Meanwhile, Nick Ruck, director at LVRG Research, pointed out that many investors are targeting $150,000 as the next major milestone for Bitcoin.
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“We remain optimistic that Bitcoin can continue, pending no sudden black swan events,” Ruck added.
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