Bitcoin Nears $100K, Enters “Euphoria Zone” as Bullish Sentiment Peaks

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Bitcoin Nears $100K, Enters "Euphoria Zone” as Bullish Sentiment Peaks Bitcoin is rapidly advancing toward the $100,000 milestone, with prices currently approaching $90,000 amid what analysts call the "Euphoria Zone” in Bitcoin’s market cycle.

According to crypto analyst James Check, this stage, often marked by accelerated price gains, occurs when long-term holders remain steadfast, anticipating even higher prices.

Market Correction Risks: Past cycles show that prices can correct sharply after entering the Euphoria Zone, as overly bullish sentiment can lead to overbought conditions.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Bitcoin Euphoria Zone Bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 11:30:44 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 568 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 23569838

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 25 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

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Publication Timezone: GMT +8:00

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Publisher ID: #121

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