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As Bitcoin soars past $65,000, what factors will drive it to new all-time highs?
On Monday, the price of bitcoin shot past $65,000, prompting investors to ask: When will bitcoin hit new all-time highs? In the past few weeks, bitcoin prices have ranged between $59,930 and around $65,000. Bitcoin is currently trading in a narrow range, with opportunities for both losses and gains on the horizon. Market analysts suggest that bitcoin could rise above $74,000 due to factors like institutional adoption of spot ETFs, ongoing interest rate cuts, the previous bitcoin halving in 2024, increased mainstream acceptance, global economic uncertainty, and bullish technical patterns, though actual price movements ... (full story)
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- Posted: Oct 15, 2024 5:59am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 128
