2024

Bitcoin

Coin

<ul class="wp-block-list news-points"> 
 <li>Bitcoin price at $60K sparks anticipation of potential bull run. </li> 
 <li>Mixed technical signals: volatility high, possible breakout looms. </li> 
 <li>Short-term outlook uncertain, next few weeks crucial for Bitcoin.</li> 
</ul>   
Bitcoin’s current market activity suggests a crucial phase that could determine its next major move. As Bitcoin (<a href="https://coinedition.com/bitcoin-to-100k-plan-bs-bold-prediction-explained/">BTC</a>) trades around $60K, analysts are closely watching for signs of a potential bull breakout.&nbsp;   
Michael van de Poppe, a well-known crypto trader, has suggested that if Bitcoin’s monthly candle closes near $60K, it could signal a major rally. He predicts that this could push Bitcoin to $250K or higher, with altcoins likely following suit.   
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 It's still early in the month, but if the monthly candle of <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BTC</a> is going to close around $60K, it seems like it's consolidation before the big bull breakout. Very likely that we'll be at the start of; – The big run of Bitcoin to $250K+ – The surge of <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Altcoins</a> <a href="https://t.co/Tk7wz3lm95" target="_blank" rel="nofollow">pic.twitter.com/Tk7wz3lm95</a>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1822309434732765248?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 10, 2024</a>
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Technical indicators offer mixed signals, with the Bollinger Bands being wide, indicating increased volatility. The price currently hovers near the lower band…
The post <a href="https://coinedition.com/bitcoins-next-big-move-analysts-predict-a-potential-bull-run/">Bitcoin’s Next Big Move? Analysts Predict a Potential Bull Run</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin’s Next Big Move? Analysts Predict a Potential Bull Run

Coin Edition

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