bullish

Bitcoin

Spot

Coin

<ul class="news-points">
 <li><strong>Bitcoin surges to nearly $70,000 after a drop to $53,000 earlier this month.</strong></li>
 <li><strong>Market tracker Spot on Chain projects Bitcoin to reach $100,000 by year-end.</strong></li>
 <li><strong>Ethereum, Solana, and XRP also see gains amid the bullish trend.</strong></li>
</ul>
<p>Bitcoin has climbed back to the $70,000 mark after a substantial price drop to the $53,000 range earlier this month. Today, Bitcoin hit a daily high of $69,851 following several key events, bolstering the market values of Ethereum, Solana, and XRP.</p>
<p>Amid this bullish trend, market tracker Spot on Chain has updated its outlook for Bitcoin, now projecting a price point of $100,000 in the coming weeks.</p>
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> Similar to what we predicted in April, the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> price had dipped to as low as $54.7K and is now rebounding to $70K in this turbulent July.<br><br>In the upcoming months, we expect some significant movements in the price of <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>, which potentially reaches $100K in the latter… <a href="https://t.co/lie8sHEtS4" target="_blank" rel="noopener noreferrer nofollow">https://t.co/lie8sHEtS4</a> <a href="https://t.co/NEChnh6DmX" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/NEChnh6DmX</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1817798689047617576?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 29, 2024</a>
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<p>In an earlier analysis, Spot on Chain predicted that Bitcoin’s price would fall below $60,000 before experiencing a significant rebound. Indeed, this forecast materialized as Bit…</p>
<p>The post <a href="https://coinedition.com/bitcoin-nears-70k-after-major-price-drop-analyst-foresees-incoming-43-85-surge-to-100k/" rel="noopener noreferrer nofollow">Bitcoin Nears $70K After Major Price Drop, Analyst Foresees Incoming 43.85% Surge to $100K</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin Nears $70K After Major Price Drop, Analyst Foresees Incoming 43.85% Surge to $100K

Coin Edition

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