Bitcoin Price Rally Shows Signs Of Correction, Will Key Support Levels Hold?

Quick Summary:

Over the last few weeks, Bitcoin‘s sharp rally has put the largest digital asset in the spotlight of the crypto market, with BTC surging to new all-time highs on Wednesday.

According to analysts at IC News, traders are presently waiting on huge unrealized profits as BTC continues to rise.

Furthermore, if the bulls manage to push prices past the pivotal level, the BTC/USDT pair may surge to the psychological resistance point of $100,000.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: Hungary

Topics: BTC/USDT EMA BTCUSDT Bitcoin IC News Exponential Moving Average Bitcoin News RSI Btc Consolidation Phase Relative strength index Btcusd

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-15 @ 21:30:12 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 491 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 15 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 23606140

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 16 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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