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Bitcoin to $116,000 Predicts Analyst as Momentum Indicators Signal Bullish Reversal for BTC Price

Summary by Crypto News Land

Bitcoin to $116,652 predicts analyst who sees momentum indicators. Multiple momentum indicators signal bullish reversal for BTC price. Several analysts note multiple bullish signals on the BTC price chart. The price of Bitcoin saw a promising pump where BTC price went from $78,000 to $88,000 in a few days. Now the price of BTC struggles to break past the $89,000 barrier and reclaim the $90,000 price range. Despite these barriers, one analyst ex…

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Digital Market News

Analyst Kevin Svenson Predicts Significant Bitcoin Breakout Soon – Check Out His Target Levels

Cryptocurrency analyst and trader Kevin Svenson maintains a bullish outlook on Bitcoin (BTC). During a recent strategy session, Svenson informed his 82,800 YouTube followers that various technical analysis indicators suggest that Bitcoin might break free from the prolonged downtrend that began in December of 2024. Svenson points out that on both the four-hour and daily charts, a downtrend line is converging with an uptrend line, a pattern also m…

7 days ago

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ethnews.com

BTC Momentum Wanes—What’s Next for Bitcoin’s Price? News ETHNews

Bitcoin’s price is experiencing significant uncertainty, fluctuating between $78,000 and $88,000, with short-term holders facing losses and long-term holders entering an accumulation phase. Technically, Bitcoin is testing key support and resistance levels, including its 200-day EMA and a descending trendline, with a potential breakout towards $90,000 or a decline towards $78,258. Bitcoin’s market price has put investors and market pundits in a p…

8 days ago

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The Market Periodical

Bitcoin Realized Capitalization Nears $866B As BTC Price Eye $109K

Key Highlights: Bitcoin’s Realized Capitalization has grown since April 2023 despite a slowdown in new inflows. Analysts monitor a key resistance level with the potential for a short-term price spike. A rising Coinbase Premium Index suggests renewed U.S. investor interest. Bitcoin price has experienced notable fluctuations recently, with values shifting between $75,000 and $100,000. The OG crypto recently rebounded to around $85,000 following a…

8 days ago

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