Bitcoin

<ul><li>Bitcoin tests $69K support with reduced sell pressure from Mt. Gox and Saxony.</li><li>Bitcoin is currently in the &#34;Boredom Range,&#34; market eyes breakout above $74K.</li><li>Reduced sell pressure and moving average support help Bitcoin hold $69K.</li></ul><a href="https://cryptotale.org/bitcoins-ascending-triangle-signals-potential-surge-heres-why-100k-is-next/" rel="noopener noreferrer nofollow">Bitcoin</a> is currently at a pivotal juncture, with the cryptocurrency turning the 2021 cycle highs into support once more. Previously, Bitcoin&#39;s price fell back below this level on two occasions, but the current context suggests a different outcome. Reduced sell pressure from significant sources like Mt. Gox and Saxony could play a crucial role in maintaining support and driving prices higher. The key question now is whether Bitcoin can surpass the $74,000 mark.The analysis by Jelle, a prominent analyst on X, <a href="https://x.com/CryptoJelleNL/status/1818190454749286759" rel="noopener noreferrer nofollow">highlights</a> three critical ranges for Bitcoin: &#34;Money Printing Season,&#34; &#34;Boredom Range,&#34; and &#34;Instant Noodle Season.&#34; The &#34;Money Printing Season&#34; spans from approximately $74,000 to $82,000, indicating a period of high bullish activity driven by strong buying pressure and increased market liquidity.<a href="https://cryptotale.org/bitcoin-consolidates-in-boredom-range-as-market-awaits-break-above-74000/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin Consolidates in Boredom Range as Market Awaits Break Above $74,000

CryptoTale

Andre artikler publisert på 31. juli 2024

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