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Bitcoin forms a local bottom: Can BTC trend higher from here?

AMBCrypto LogoAMBCrypto12h ago

Bitcoin forms a local bottom: Can BTC trend higher from here? - AMBCrypto

Quick Summary:

Bitcoin shows strength; demand rises, whales hold, upward price trend likely ahead.

Despite some recent selling, whales have taken minimal profits compared to previous cycles, further supporting the notion that BTC’s price will rise from here as they seek to maximize their gains.

While BTC’s price action has oscillated between $55K and $75K for over 200 days, Bitcoin remained in a solid position.


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Article Details

Author / Journalist: Lennox Gitonga

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-06 @ 07:00:19 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 607 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 19 words per sentence (average)

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

Copyright Owner: © AMBCrypto

News ID: 22905830

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About AMBCrypto

AMBCrypto Logo

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 16 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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: #103

Publisher Details

Frequently Asked Questions

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The story "Bitcoin forms a local bottom: Can BTC trend higher from here?" has 607 words across 33 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Which news outlet covered this story?

The story "Bitcoin forms a local bottom: Can BTC trend higher from here?" was covered 12 hours ago by AMBCrypto, a news publisher based in United States.

How trustworthy is 'AMBCrypto' news outlet?

AMBCrypto is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 16 news stories per day.

It's most recent story was published 8 hours ago.

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The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

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  • News ID: #22905830
  • URL: https://beamstart.com/news/bitcoin-forms-a-local-bottom-17281984812902

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