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Bitcoin / TetherUS
Long

[Bitcoin] Bullrun

By Bitcoin_Weather
Updated
The upward structure of the price, begun in January, accelerated sharply this week due to a validation of spot Bitcoin ETFs probably at the beginning of 2024. A throwback to the major pivot zone of 31K is expected before continuing the rise.

Note
There are several technical factors which explain the increase but above all there are four fundamental reasons: the low supply owned by exchanges, the validation of spot ETFs in January, the mining price and the next halving.
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snapshot
Note
Google Trends: Explosion in the number of searches for the term “Bitcoin ETF” ...
Note
I still expect a V-bottom on 31K support in the coming weeks.
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Finally, I no longer anticipate a throwback:
snapshot
Note
The breakout from 38K to 42K then 48K is very close.
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[Bitcoin] next ATH: $82K
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Note
The rise towards 48K is close.
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snapshot
Trade closed: target reached
Bitcoin (Cryptocurrency)BTCBTCUSDBTCUSDTChart PatternsTechnical IndicatorsTrend Analysisxbt
Bitcoin_Weather
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