Bitcoin ETF

Bitcoin

Spot

Coin

<ul class="news-points"> 
 <li><strong>Discussions around Bitcoin’s potential rise to $50,000 dominated the market.</strong></li> 
 <li><strong>The Supertrend flashed a buy signal which could send BTC to $54,000.</strong></li> 
 <li><strong>Spot Bitcoin ETF inflows outpaced outflows, suggesting a bullish momentum.</strong></li> 
</ul> 
<p>According to on-chain analysis tool Santiment, <a href="https://coinedition.com/bitcoin-btc-price-prediction/">Bitcoin’s (BTC)</a> rise to $48,000 has caused euphoria among traders in the market. In the last seven days, BTC’s price has increased by 13%, leading traders to speculate about support and resistance zones for the coin.</p> 
<p>From the post, traders were anticipating Bitcoin to rise to $50,000 in the coming days. This projection was evident in the social dominance of the words “Bitcoin” and “50k.” Social dominance gauges the extent of discussion an asset or a phrase has across different social channels</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a>'s +13% price run in the past week has led traders to speculate numerous new support and resistance milestones, with <a href="https://twitter.com/hashtag/50K?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#50K</a> widely anticipated. Ironically, as these price levels have been surpassed <a href="https://twitter.com/hashtag/altcoins?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#altcoins</a> have flipped the script in the opening hours of the<br><br>(Cont) <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/t5pDvSLGKe" target="_blank" rel="nofollow">pic.twitter.com/t5pDvSLGKe</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1756132559258620131?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 10, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="h-btc-s-bullish-thesis-continues-to-grow">BTC’s Bullish Thesis Continues to Grow</h2> …
<p>The post <a href="https://coinedition.com/bitcoin-btc-traders-set-price-prediction-at-50k-heres-why/">Bitcoin (BTC) Traders Set Price Prediction At $50k, Here’s Why</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Bitcoin (BTC) Traders Set Price Prediction At $50k, Here’s Why

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