Bitcoin

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Orange

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<ul class="news-points"> 
 <li>A renowned analyst disclosed that the Bitcoin NUPL will transition to the orange zone within weeks.</li> 
 <li>He cited that Bitcoin market conditions are similar to the 2015 and 2016 cycles.</li> 
 <li>Bitcoin trades at $34,086.31, with a significant 14.70% gain over the past week.</li> 
</ul> 
In a recent tweet, CryptoCon, a prominent Bitcoin technical analyst, shared valuable insights on the current state of <a href="https://coinedition.com/bitcoin-btc-price-prediction/">Bitcoin’s price</a> and data trends. According to CryptoCon, Bitcoin is currently encountering formidable price resistance. However, the data analysis paints a more optimistic picture. 
In other words, while Bitcoin currently faces strong resistance on the price side, it is not reflected on the data side. 
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 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> is at stiff resistance on price, but not on data! Every cycle, we see NUPL head straight to orange at this point to form the cycle mid-top This could take place anywhere between 40 – 48k, but one thing's for sure… It's not here. From our exact point on data, it has… <a href="https://t.co/pnQXdjg4ea" target="_blank" rel="nofollow">pic.twitter.com/pnQXdjg4ea</a>— CryptoCon (@CryptoCon_) <a href="https://twitter.com/CryptoCon_/status/1717998640000618860?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 27, 2023</a>
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CryptoCon pointed out that during each market cycle, Bitcoin’s Net Unrealized Profit/…
The post <a rel="nofollow" href="https://coinedition.com/bitcoin-40-48k-in-view-as-nupl-heads-to-orange-in-four-to-six-weeks/">Bitcoin $40-$48k in View as NUPL Heads to Orange in Four to Six Weeks</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Bitcoin $40-$48k in View as NUPL Heads to Orange in Four to Six Weeks

Coin Edition

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