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Bitcoin (BTC) should see a “large” price increase thanks to a rare bullish phenomenon that has just hit for the first time in seven years.
In his latest update on Bitcoin’s relative strength index (RSI), popular Twitter analyst TechDev flagged major similarities between this year and the 2013 BTC bull run.
“Bitcoin had its 2nd bullish monthly stoch RSI cross between 20 and 80 this cycle. An especially bullish cross. Sep 2021 and May 2020,” TechDev commented alongside a chart showing the action.
“This cross only happened two other times in history. You guessed it. Sep 2013 and May 2012. Large pumps followed all 3 previous crosses.”
In other trending Bitcoin News today: Fifth-Largest US Retail Bank Launches Cryptocurrency Custody Services Amid Strong Demand From Institutional Clients!
U.S. Bank announced Tuesday that its cryptocurrency custody services are now live and available to its Global Fund Services clients.
“The services are intended for institutional investment managers with private funds in the U.S. or Cayman Islands who would like a safekeeping solution for bitcoin – with additional coin support coming soon.”
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
https://cointelegraph.com/news/mr-wonderful-s-crypto-allocation-is-now-larger-than-his-gold-holdings
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Bitcoin Bulls on the Horizon: Anticipating a Dramatic Run-up to $280,000 – Unraveling the Deadline
Excitement is mounting in the cryptocurrency space as Bitcoin enthusiasts brace themselves for a potential dramatic run-up, with a staggering price target of $280,000 per BTC. The crypto community is buzzing with anticipation, and investors are keenly awaiting the deadline that could mark a historic milestone for the leading digital currency.
The article at the center of this buzz hints at a significant price surge for Bitcoin, raising eyebrows and sparking speculation among traders and analysts alike. As the crypto market is known for its volatility, such bold predictions are met with a mix of excitement and skepticism. So, what is driving this optimistic forecast, and when is this deadline set to unfold?
Understanding the factors influencing Bitcoin’s price is essential in deciphering such predictions. Market analysts often consider a combination of technical analysis, macroeconomic trends, and historical patterns to formulate their forecasts. It’s important for investors to approach these predictions with caution, recognizing the inherent uncertainty in the cryptocurrency market.
The concept of a deadline in this context adds an intriguing element to the forecast. Does it imply a specific event, a market cycle, or a critical juncture for Bitcoin? Clarity on this aspect can provide valuable insights into the basis of the prediction and help investors make informed decisions.
For those closely following Bitcoin’s price movements, this potential run-up to $280,000 raises questions about the sustainability of such a surge and the potential catalysts driving it. The crypto market has seen its fair share of highs and lows, and navigating these fluctuations requires a balanced approach that considers both short-term dynamics and long-term fundamentals.
As the deadline approaches, the cryptocurrency community will be watching closely to see if Bitcoin can defy expectations and reach new heights. Regardless of the outcome, such forecasts contribute to the ongoing dialogue about the future of digital currencies and the evolving landscape of the crypto market.
In conclusion, the prospect of a dramatic run-up to $280,000 per Bitcoin has injected a renewed sense of excitement into the cryptocurrency space. Investors are advised to approach such predictions with a discerning eye, considering the underlying factors and the deadline associated with this forecast. As the crypto journey continues, only time will reveal whether Bitcoin will indeed embark on this anticipated ascent to new price highs.
