Bitcoin Path To $85K: Analysts Say It’s Behaving ‘As Predicted’

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Related Reading: Fueled By Election Buzz, Memecoins Soar 22% On Pure Speculation—Report Potential Cooling Off However, some analysts projected a possible cooling off for BTC coming after the recent price hike, saying that it has breached the upper Bollinger Band serving as a cue for overbought conditions.

I think #Bitcoin hits $78,000, retraces to $71,500 and then rebounds to $85,000! — Ali (@ali_charts) November 6, 2024 Martinez assured that despite the coin experiencing brief pullbacks, BTC’s price trajectory remains on track, noting the coin’s price stabilized at $74,812 after reaching an all-time record of $76,493.

Crypto analysts said that Bitcoin remains on course for a massive price hike after Donald Trump reclaimed the US presidency through a historic win against US Vice President Kamala Harris.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippines

Topics: Trump Cryptocurrency Market News Bitcoin Crypto Btc Btcusd

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 11:00:55 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 502 words

Reading Time: 3 minutes read

Sentences: 71 lines

Sentence Length: 8 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 23469585

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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