Bitcoin Price ‘Parabolic’ Move Hinges on Key Weekly Close; Expert Says

Quick Summary:

With the Bitcoin price entering price discovery, crypto analysts highlight a potential ‘parabolic’ rally for BTC as it exits post-halving consolidation.

The crypto market witnessed an accelerated bullish momentum following Donald Trump’s victory as the 47th President of the United States.

According to Coingecko, the asset’s market cap surged to $1.5 Trillion, while the 24-hour trading volume wavers at $64.6 Billion.

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Article Details

Author / Journalist: Sahil Mahadik

Category: Crypto

Markets: IndiaUnited States

Topics: Price Analysis Btc Bitcoin price

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 14:39:45 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 374 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 12 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 23470799

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 31 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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