Bitcoin

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  <p>Yesterday’s release of the US inflation rate suggests an imminent rise for the queen of cryptos. Bitcoin (BTC) seems headed inevitably for $50,000.</p> 
  <h2 id="bitcoin-btc-maintains-its-bullish-trend">Bitcoin (BTC) maintains its bullish trend.</h2> 
  <p>The US annual inflation rate turned out to be lower than forecast (3% instead of 3.1%). This macroeconomic data favors a rise in BTC, but it is having difficulty breaking through the $31,000 barrier in the long term.</p> 
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    <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSDT","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script> 
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    <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSDT","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script> 
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   <div class="tradingview-widget-copyright"> <a href="https://fr.tradingview.com/symbols/BTCUSDT/?exchange=BINANCE" rel="noopener noreferrer nofollow" target="_blank"><span class="text-primary-color">BTCUSDT chart</span></a> by TradingView 
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  <p>Despite this, Titan of crypto, a crypto analyst followed by over 38,800 followers, remains optimistic in his analysis on Twitter. While some predict a further correction, this analyst is convinced that “bitcoin (BTC) at $50,000 is inevitable”.</p> 
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       <p lang="en" dir="ltr">$50,000 a <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> is inevitable ! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>While some are still expecting a <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> at $10k-$12k this year, I think it's gonna fly soon. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fae1.png" alt="🫡" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/vDCCd8ukqj" rel="noopener noreferrer nofollow">pic.twitter.com/vDCCd8ukqj</a></p>— Titan of Crypto (@Washigorira) <a href="https://twitter.com/Washigorira/status/1679054210409586692?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 12, 2023</a> 
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  <p>On the monthly BTC chart, it shows a recurring cyclical pattern since 2012. It involves a break of the Tenkan (in red), followed by a rise to the last peak of this indicator (in green).</p> 
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   <img decoding="async" width="1024" height="632" src="https://www.cointribune.com/app/uploads/2023/07/bitcoin-mensuelle-1024x632.jpg" alt="Bitcoin 50000 " class="wp-image-617056" srcset="https://www.cointribune.com/app/uploads/2023/07/bitcoin-mensuelle-1024x632.jpg 1024w, https://www.cointribune.com/app/uploads/2023/07/bitcoin-mensuelle-300x185.jpg 300w, https://www.cointribune.com/app/uploads/2023/07/bitcoin-mensuelle-768x474.jpg 768w, https://www.cointribune.com/app/uploads/2023/07/bitcoin-mensuelle-1536x948.jpg 1536w, https://www.cointribune.com/app/uploads/2023/07/bitcoin-mensuelle-scaled.jpg 2048w" sizes="(max-width: 1024px) 100vw, 1024px"> 
   <figcaption class="wp-element-caption"> <em><a href="https://twitter.com/Washigorira/status/1679054210409586692" target="_blank" rel="noopener noreferrer nofollow">Titan of Crypto on Twitter</a></em> 
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  <p>With the rise seen at the start of the year, bitcoin (BTC) has managed to break through the monthly Tenkan. So, according to this cycle, the rise should continue all the way to $50,583, the level corresponding to the last Tenkan peak.</p> 
  <h2 id="all-that-s-missing-is-a-catalyst">All that’s missing is a catalyst.</h2> 
  <p>It’s important to remember that the sharp rise since June 15 came on the heels of a drop in US CPI. Secondly, the demand for Bitcoin ETFs from Blackrock definitely triggered this explosion in the bitcoin (BTC) price. These two conditions have now almost been met.</p> 
  <p>Indeed, the macroeconomic data (inflation rate) published yesterday is favorable to a rise in bitcoin (BTC). If Bitcoin ETFs are approved, a <a href="https://www.cointribune.com/en/?p=617140" target="_blank" rel="noopener noreferrer nofollow">bullish recovery is imminent</a>.</p> 
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   <img decoding="async" width="1024" height="440" src="https://www.cointribune.com/app/uploads/2023/07/bitcoin-btc-daily-1307-1024x440.png" alt="Bitcoin 50000" class="wp-image-617059" srcset="https://www.cointribune.com/app/uploads/2023/07/bitcoin-btc-daily-1307-1024x440.png 1024w, https://www.cointribune.com/app/uploads/2023/07/bitcoin-btc-daily-1307-300x129.png 300w, https://www.cointribune.com/app/uploads/2023/07/bitcoin-btc-daily-1307-768x330.png 768w, https://www.cointribune.com/app/uploads/2023/07/bitcoin-btc-daily-1307-1536x661.png 1536w, https://www.cointribune.com/app/uploads/2023/07/bitcoin-btc-daily-1307.png 1737w" sizes="(max-width: 1024px) 100vw, 1024px"> 
   <figcaption class="wp-element-caption"> <em>Bitcoin (BTC) daily chart – source: TradingView</em> 
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  <p>In this case, a buy position at $29,534 could be interesting. The nearest target is $35,000, but BTC could reach higher levels. Indeed, given the cycle identified by Titan of Crypto, bitcoin (<a href="https://www.cointribune.com/en/crypto-markets/bitcoin-btc-en/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) at $50,500 is only a matter of time.</p> 
  <p>Entry: $29,619 ;</p> 
  <p>Stop: $29,000;</p> 
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  <p>Target 1: $35,000;</p> 
  <p>Target 2: $50,500.</p>
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Bitcoin (BTC) at $50,000 – Is it inevitable? July 13 technical analysis

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