Rally

Bitcoin

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<p style="text-align: justify"><a href="https://en.coin-turk.com/critical-bitcoin-analysis-from-30-years-of-experience-heres-what-i-expect/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) experienced a short-term rally that pushed its price above $35,000. This surge has sparked discussions among investors about how long the upward trend will continue as BTC sets its sights on the next all-time high.</p>
<h2 style="text-align: justify" id="btc-analysis-from-crypto-analyst">BTC Analysis from Crypto Analyst</h2>
<p style="text-align: justify"><a href="https://en.coin-turk.com/hong-kong-institute-to-launch-cryptocurrency-trading-education/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto</a> <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">analyst</a> CryptoCon shared a tweet highlighting Bitcoin’s recent encounter with a rare breakout indicator and the possibility of a significant historical movement.</p>
<p style="text-align: justify">According to CryptoCon, this indicator, which is associated with short-term downward trends and breakouts, has only occurred for the second time in the current cycle, making it an exceptional situation.</p>
<p style="text-align: justify">Historically, such events have preceded significant movements in the cryptocurrency market, and some of the most notable bull runs in Bitcoin’s history have occurred after these types of movements.</p>
<blockquote>
 <p>This not only typically indicates good things in the short term, but also marks the beginning of all major historical movements.</p>
</blockquote>
<p style="text-align: justify">The breakout indicator may not only be interpreted as a positive sign for the short term but also as an indicator for the beginning of significant historical movements in the direction of BTC.</p>
<h2 style="text-align: justify" id="bitcoin-s-historical-rallies">Bitcoin’s Historical Rallies</h2>
<p style="text-align: justify">The analysis includes multiple examples, such as the bull run from 2012 to 2013, the price fluctuations from 2016 to 2017, the parabolic rise in 2019, and the historic bull run from 2020 to 2021. The analysis also shows the 2023 fluctuation.</p>
<p style="text-align: justify">Market experts are making predictions about what the next historical movement for Bitcoin could be. While there are rumors of a possible short-term decline, analysts believe that the long-term direction is poised for a significant uptrend.</p>
<p><img decoding="async" class="aligncenter size-full wp-image-272809" src="https://coin-turk.com/wp-content/uploads/2023/11/bitcoin-yukselir-mi.png" alt="" width="681" height="357"></p>
<p style="text-align: justify">It should be noted that a potential rally in Bitcoin is supported by news regarding the potential approval of the Spot Exchange-Traded Fund (ETF) and triggered a move above $35,000.</p>
<p style="text-align: justify">As an indicator of this, Bitcoin has regained its position above $35,000 despite the Federal Open Market Committee’s moves to keep the fed interest rate range at 5.25%-5.50%.</p>
<h2 style="text-align: justify" id="bitcoin-price-analysis">Bitcoin Price Analysis</h2>
<p style="text-align: justify">As of writing, Bitcoin has gained over 2% daily and is trading at $35,122. When looking at the weekly charts, BTC has shown an almost 4% increase.</p>
<p style="text-align: justify">Potential factors for a Bitcoin rally are supported not only by ETF news but also by several different reasons. In particular, the upcoming halving and increased demand amidst the Israel-Hamas conflict contribute to a positive outlook for Bitcoin.</p>
<div class="sorumluluk_reddi" style="text-align: justify"><strong>Disclaimer:</strong> The information in this article does not constitute investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry risks, and they should conduct their own research before making any transactions.
</div> Continue Reading: <a href="https://en.coin-turk.com/bitcoins-short-term-rally-sparks-discussions-among-investors/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/bitcoins-short-term-rally-sparks-discussions-among-investors/</a>

Bitcoin’s Short-Term Rally Sparks Discussions Among Investors

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