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Bitcoin’s Streak of Weekly Gains Puts Record High in Sight If History Right

From bnnbloomberg.ca

A year ago the crypto market was on its knees and the notion that Bitcoin might retest a record high of nearly $69,000 was almost risible. Fast forward 12 months and some studies now point to just that possibility. Technical analysis comparing the largest digital asset’s rally to $52,000 with past surges spits out projections of more gains in coming weeks. Some of those studies follow below — with the caveat that the past isn’t always a reliable guide to the future, especially for a young and febrile asset like Bitcoin. Weekly Advance Bitcoin’s price has tripled since the start of 2023 amid optimism over dedicated US ... (full story)

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  • Category: Fundamental Analysis