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Bitcoin Eyes New Accumulation Cycle After Reaching A Critical Region, Will It Trigger The Next Major Rally?

Bitcoinist LogoBitcoinist3d ago

Bitcoin Eyes New Accumulation Cycle After Reaching A Critical Region, Will It Trigger The Next Major Rally? - Bitcoinist

Quick Summary:

Even though Bitcoin surged by nearly 10% between March 5 and 6, reaching as high as the $92,000 level, uncertainty still lingers around the flagship asset.

If such is the case, Alphractal noted that the development does not necessarily indicate that Bitcoin has entered a bear market.

According to Alphractal, this region recently visited by BTC is considered to be the final support level before a more severe downward move.

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Bitcoin Eyes New Accumulation Cycle After Reaching A Critical Region, Will It Trigger The Next Major Rally? - Bitcoinist (Picture 1)

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-07 @ 16:30:23 (3 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 494 words

Reading Time: 3 minutes read

Sentences: 44 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 26725804

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 6 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

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The story "Bitcoin Eyes New Accumulation Cycle After Reaching A Critical Region, Will It Trigger The Next Major Rally?" has 494 words across 44 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "Bitcoin Eyes New Accumulation Cycle After Reaching A Critical Region, Will It Trigger The Next Major Rally?" was covered 3 days ago by Bitcoinist, a news publisher based in Hungary.

How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 6 news stories per day.

It's most recent story was published 9 hours ago.

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  • News ID: #26725804
  • URL: https://beamstart.com/news/bitcoin-eyes-new-accumulation-cycle-17413654982104

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