Bitcoin rally mirrors 2020 surge – Does this mean BTC will hit $100k now?

Quick Summary:

Bitcoin was mimicking a pattern last observed in 2020, which hinted at a push towards $100k.

In fact, investors’ confidence did pay off as BTC’s price increased by nearly 2% in the past 24 hours, allowing it to jump above $91k.

The Pi Cycle Top indicator pointed out that Bitcoin was trading well above its supposed market bottom of $64.9k.

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Article Details

Author / Journalist: Dipayan Mitra

Category: Crypto

Markets: United States

Topics: News 1 BTC Trading View Trading View News Bitcoin Social

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 10:30:06 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 586 words

Reading Time: 4 minutes read

Sentences: 36 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © AMBCrypto

News ID: 23695459

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 25 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

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Website Security: Secure (HTTPS)

Publisher ID: #103

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