Donald Trump

Bitcoin

April

<p>Last Sunday, Donald Trump ignited the Bitcoin community with a historic speech, rekindling interest in Bitcoin. At the same time, the price of Bitcoin flirted with $69,000, despite some corrections. But that’s not all: indicators show that Bitcoin could explode again. Let’s dive into the details of these exciting developments.</p> 
<h2 id="h-le-bitcoin-pret-a-s-envoler-selon-les-analystes">Bitcoin Ready to Soar According to Analysts</h2> 
<p>In <a href="https://www.cointribune.com/en/bitcoin-drops-to-65k-whats-next-for-the-crypto-queen/" target="_blank" rel="noreferrer noopener">the current context</a>, crypto analysts are unanimous: a significant Bitcoin price movement is imminent. The volatility indicator, known as <strong>Bollinger Bands</strong>, has reached <strong>its tightest point in twelve months</strong>.</p>
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<p>Matthew Hyland, a recognized analyst, stated in <a href="https://x.com/MatthewHyland_/status/1818184077322616952" target="_blank" rel="noreferrer noopener">a video dated July 31</a>:</p> 
<p>«&nbsp;<em>The moment is almost here, probably within a month</em>.&nbsp;»</p> 
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     <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Bollinger Bands + Consolidation in Uptrend VIDEO update <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/P0YT8zE31f">pic.twitter.com/P0YT8zE31f</a></p>— Matthew Hyland (@MatthewHyland_) <a href="https://twitter.com/MatthewHyland_/status/1818184077322616952?ref_src=twsrc%5Etfw">July 30, 2024</a>
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  Matthew Hyland’s Analysis – Source: X
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<p>This means we could soon witness a spectacular rise.</p> 
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<p>The Bollinger Bands, <strong>which measure the momentum and volatility of an asset</strong>, have reached their third tightest point in history on a weekly scale.</p> 
<p>To put this in perspective, <strong>the last time </strong>this indicator was this tight, in April 2016 and August 2023, <strong>Bitcoin saw a 20% increase within a few months</strong>.</p> 
<p>This current compression could therefore herald a new surge in Bitcoin’s price.</p> 
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   Bollinger Bands tightening as in July 2023 – Source: Matthew Hyland
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<h2 id="h-la-consolidation-de-la-reine-des-cryptos-une-bombe-a-retardement">The Consolidation of the Queen of Cryptos: A Ticking Time Bomb</h2> 
<p>Since last March, Bitcoin has consolidated within <strong>a narrow range of 25%, oscillating between $73,679 and $55,849</strong>. According to Hyland, this period of consolidation is coming to an end.</p>  
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  <a href="https://fr.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" rel="noopener" target="_blank"><span class="text-primary-color">BTCUSD chart</span></a> by TradingView
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<p>He explains that «&nbsp;<em>the longer the consolidation, the greater the following expansion</em>.&nbsp;»</p>
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<p>This pattern is eerily similar to July 2023, which led to a 20% increase.</p> 
<p>Indeed, <strong>between July and November 2023, Bitcoin jumped by 20%</strong>. If history repeats itself, the current price of $63,845 could reach <strong>a new all-time high of $76,614 by November</strong>.</p> 
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<p>Hyland estimates that <strong>this could take a few more weeks</strong>, but he is convinced that Bitcoin is about to experience an «&nbsp;<em>explosion</em>.&nbsp;»</p> 
<ul> 
 <li>Current Bitcoin: $63,845</li> 
 <li>Potential new high: $76,614</li> 
 <li>Expected increase: 20%</li> 
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<p>The weekly Bollinger Bands are currently tighter than the daily bands, which is a strong indicator of future volatility. <a href="https://x.com/KristophJeffers/status/1817694444591984823" target="_blank" rel="noreferrer noopener">Kristoph Jeffers</a>, of Three Jay Partners, marvels:</p> 
<p>«&nbsp;<em>It’s crazy that the weekly Bollinger Bands are tighter than the daily bands</em>.&nbsp;»</p> 
<p>The future of Bitcoin looks promising, but <a href="https://www.cointribune.com/en/bitcoin-is-bouncing-back-but-how-far-will-it-go/" target="_blank" rel="noreferrer noopener">how far will it go</a>? The coming months will tell. In the meantime, the indicators point to a new era of exciting volatility for this iconic cryptocurrency.</p>

Bitcoin: An Imminent Price Explosion Announced by the Indicators

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