Bitcoin

“`html 
Leading on-chain analyst Willy Woo has announced that a key indicator which previously signaled <a href="https://en.coin-turk.com/bitcoin-plunges-below-27100-key-levels-to-watch/" data-wpel-link="internal">Bitcoin</a>‘s (<a href="https://en.coin-turk.com/increasing-money-supply-could-lead-to-a-new-rally-in-the-crypto-sector-says-real-vision-ceo/" data-wpel-link="internal">BTC</a>) 2022 bottom is flashing again. The analyst emphasizes that this signal for the largest cryptocurrency indicates a potential price increase. 
<h2 style="text-align: justify" id="strong-spotlight-on-bitcoin-withdrawals-from-exchanges-strong">Spotlight on Bitcoin Withdrawals from Exchanges</h2> 
Closely followed on-chain analyst Woo mentioned in his account on <a href="https://newslinker.co/category/social-media/" data-wpel-link="exclude">social media</a> platform X (formerly known as Twitter) that Bitcoin is starting to leave cryptocurrency exchanges, similar to when the crypto market bottomed last year. 
<img decoding="async" loading="lazy" class="aligncenter size-full wp-image-283398" src="https://coin-turk.com/wp-content/uploads/2023/12/Bitcoin-BTC-Borsa.jpeg" alt="" width="1700" height="1180"> 
Woo stated, “Bitcoins are now making a strong turnaround to exit from crypto exchanges. I haven’t seen such buying movement since the market bottomed.” 
<h2 style="text-align: justify" id="strong-predicting-bitcoin-s-ascent-up-to-525-000-strong">Predicting Bitcoin’s Ascent up to $525,000</h2> 
Another leading on-chain analyst, PlanB, continues to express his anticipation of a rise in BTC. Highlighting the hash rate of the biggest crypto’s network as a measure of processing power, he suggests that this indicates the price will stay above a key level, saying: 
<blockquote> 
 The hash rate-based price of Bitcoin reached $35,000 yesterday. In my opinion, this could mean that BTC will never fall below $35,000 again, except for possible black swans or short-term fluctuations, based on the $/kWh-arbitrage fundamentals. 
</blockquote> 
<img decoding="async" loading="lazy" class="aligncenter size-full wp-image-283400" src="https://coin-turk.com/wp-content/uploads/2023/12/Bitcoin-Deger-Modeli.png" alt="" width="1666" height="941"> 
PlanB recently stated, based on past price trends during the quadrennial block reward halving cycles, also known as halvings, he expects Bitcoin to rise to $525,000 in the next four years. He noted that during the block reward halving cycles, Bitcoin has shown a tendency to rise more than four times from the bottom ranges: 
<blockquote> 
 In the 2012 block reward halving, Bitcoin was below $16. During the 2016 halving, BTC ranged between $256 and $1,024. In the 2020 halving, it was between $4,000 and $16,000. 
 For the 2024 halving, it will range between $16,000 and $65,000. I would not be surprised if in the next four years, it ranges between $65,000 and $525,000. 
</blockquote> 
<ul class="summary"> 
 <li>Key indicator flashes, hinting at Bitcoin’s rise.</li> 
 <li>Analysts anticipate significant BTC price movements.</li> 
 <li>Historic halving cycles suggest future growth.</li> 
</ul> 
“` Continue Reading: <a href="https://en.coin-turk.com/insightful-analysis-indicator-suggests-bitcoins-price-surge-following-outflows/" data-wpel-link="internal">https://en.coin-turk.com/insightful-analysis-indicator-suggests-bitcoins-price-surge-following-outflows/</a>

Insightful Analysis: Indicator Suggests Bitcoin’s Price Surge Following Outflows

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