CEO to Bitcoin Holders: Wait Until Q4 2024 for BTC Prices to Rally

Quick Summary:

Looking at the formation in the daily chart, Bitcoin bulls are struggling for momentum.

Despite the expansion on August 8, reversing losses of August 5, buyers didn’t follow through, meaning traders are waiting for more confirmation before diving in.

Comparing the current state of price action to what happened then, it is highly likely that Bitcoin will recover.

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Article Details

Author / Journalist: Dalmas Ngetich

Category: Crypto

Markets: HungaryUnited States

Topics: Bitcoin Btc Bitcoin price Spot Bitcoin ETFs Bitcoin News BTCUSDT Bitcoin trading Bitcoin Miners

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-22 @ 08:00:23 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 385 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 11 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 22204728

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 10 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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