Cryptocurrency

2024

Bitcoin

Resistance

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-wallet-awakens-after-10-7-years-of-inactivity/" data-wpel-link="internal">Bitcoin Wallet Awakens After 10.7 Years of Inactivity</a><br></p>
<p style="text-align: justify"><strong>In the world of cryptocurrency</strong>, we will highlight a rare event. A <a href="https://en.coin-turk.com/bitcoin-payment-app-strike-enables-users-to-buy-bitcoin-with-bank-cards/" data-wpel-link="internal">Bitcoin</a> wallet, inactive for 10.7 years, has awakened. In other words, it has come back to life with a tremendous gain. The wallet’s owner might have remembered a fortune forgotten for years or taken a trip back in time through the technological marvel of Blockchain.</p> 
<h2 style="text-align: justify" id="from-2013-to-2024-or-from-13-259-to-1-185-944">From 2013 to 2024 or From $13,259 to $1,185,944</h2> 
<p style="text-align: justify">In 2013, an investor with only 19 Bitcoins in their wallet, valued at $13,259 at the time, might have forgotten about their <strong>cryptocurrency</strong>. However, years passed. Bitcoin experienced price fluctuations, and today the wallet’s value has reached $1,185,944. This translates to an exact gain of 8,844%. A fortune that an ordinary person might not accumulate in a lifetime became accessible again with almost the push of a button.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-381460 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/btc-17.png" alt="" width="482" height="134"></p> 
<p style="text-align: justify">The reactivation of such old wallets brings many speculations. Owners might no longer resist and want to benefit from the extraordinary market rise. Or perhaps a long-forgotten password was remembered. Scenarios like the recovery of lost or stolen wallets could also explain these activations. Whatever the reason, similar events in the past have caused significant waves in the cryptocurrency world.</p> 
<h2 style="text-align: justify" id="bitcoin-rises-and-the-cryptocurrency-market-revives">Bitcoin Rises and the Cryptocurrency Market Revives</h2> 
<p style="text-align: justify">Bitcoin has started to rise again after a long period of stagnation. In today’s trading session, it reached up to $61,457, bringing smiles to <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>‘ faces. Since the sharp decline at the beginning of August, Bitcoin’s 19% increase has largely dispelled the fear in the market.</p> 
<p style="text-align: justify">Another development occurred on the Bitcoin whale front. Known as large investors, “Bitcoin whales” have accumulated 94,700 more Bitcoins in the last six weeks. The accumulation of BTC by Bitcoin whales shows the confidence of the market’s big players in the <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener" data-wpel-link="exclude">future</a>.</p> 
<h2 style="text-align: justify" id="what-are-bitcoin-s-resistance-and-support-levels">What Are Bitcoin’s Resistance and Support Levels?</h2> 
<p style="text-align: justify">According to technical analyses, Bitcoin’s first major resistance level is at $61,407. This figure also coincides with the 50-day moving average.</p> 
<p style="text-align: justify">At a higher level, the 200-day moving average of $62,844 is critically important. Support levels are set at $59,500 and then $58,500.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-wallet-awakens-after-10-7-years-of-inactivity/" data-wpel-link="internal">Bitcoin Wallet Awakens After 10.7 Years of Inactivity</a></h5>
<p>The post <a href="https://en.coin-turk.com/bitcoin-wallet-awakens-after-10-7-years-of-inactivity/" data-wpel-link="internal">Bitcoin Wallet Awakens After 10.7 Years of Inactivity</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Bitcoin Wallet Awakens After 10.7 Years of Inactivity

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