Bitcoin ETF

Bitcoin

Rare

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<p dir="ltr">The crypto ecosystem is on a sustained recovery path, with the Bitcoin (BTC) price triumphantly&nbsp;<a href="https://u.today/3-reasons-why-bitcoin-btc-broke-45000">leading the resurgence</a>. At the time of writing, the coin has&nbsp;<a href="https://coinmarketcap.com/currencies/bitcoin/">jumped</a> by 3.5% to $46,254.46, pushing it to its highest price level in weeks. With the current outlook, Bitcoin has now extended its growth for the past week by 7.18%, underscoring how the market has generally been transformed.</p>
<h2 id="rare-bitcoin-signal">Rare Bitcoin signal</h2>
<p dir="ltr"><a href="https://twitter.com/ali_charts/status/1755693199627018519?s=20">According</a> to an insight from top market analyst Ali Martinez, the Bitcoin price has flashed a rare "Super Trend" that now flashes a "buy" signal on the monthly charts. Notably, the formation of these signals, per the analyst, comes with mega price runs, and the setup is already in for Bitcoin as well.</p>
<p dir="ltr">Martinez noted that on the four occasions that this signal has emerged in Bitcoin’s history, the price went parabolic, hitting 169,172%; 9,900%; 3,680% and 828% growth surges, respectively.</p>
<blockquote>
 <p lang="en" dir="ltr">The Super Trend just flashed a buy signal on the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> monthly chart, a tool known for its precision in predicting <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> bull markets.The four buy signals it has issued since <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> inception have all been validated, leading to gains of 169,172%, 9,900%, 3,680%, and 828%,… <a href="https://t.co/83GtqJNryW">pic.twitter.com/83GtqJNryW</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1755693199627018519?ref_src=twsrc%5Etfw">February 8, 2024</a>
</blockquote> 
<p dir="ltr">Drawing on this trend, Bitcoin might be primed for a more than 100% surge if the historical context in the rally chooses to play out again. This ambitious price level might imply a higher run beyond the $100,000 price mark, a trend that will validate predictions from market analysts over the past few months.</p>
<h2 id="fundamentals-are-ripe">Fundamentals are ripe</h2>
<p dir="ltr">While the technical setup in the Bitcoin price shows a big uptrend is coming, the fundamentals are also beaming with positivity considering the spot Bitcoin ETF influence.</p>
<p dir="ltr">Besides this, the upcoming Bitcoin halving event is also a major catalyst that can&nbsp;<a href="https://u.today/bitcoin-halving-could-propel-btc-price-to-280000-heres-how">drive price growth</a> in remarkable ways in the long term. Scheduled for sometime in April, market leaders like Samson Mow are&nbsp;<a href="https://u.today/bitcoin-to-hit-1-million-in-days-says-samson-mow-but-theres-catch">optimistic a mega run is imminent</a>.</p>
<p dir="ltr">This expert’s thesis is based on the supply crunch that is being triggered by spot Bitcoin ETF issuers and the overall impact of the halving event.</p>

Bitcoin (BTC) Flashes Rare Signal That Might Stir Over 100% Price Surge

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