Critical Bitcoin Indicator Flips Bullish – On-Chain Data Confirms BTC Uptrend

Quick Summary:

Bitcoin has surged above $69,000, marking a significant milestone after two weeks of impressive gains.

Since October 10, the price has increased by over 17%, positioning itself to test the previous all-time highs of around $73,000 set in March.  This resurgence comes at a pivotal moment.

However, there’s a chance that BTC may range below the all-time high before the upcoming election, as many investors are poised to either capitalize on a surge or take advantage of a dip to enter the market.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: Hungary

Topics: Bitcoin Bullish Breakout Bitcoin Bitcoin On-Chain Data Bitcoin Indicator Bitcoin news Btc Bitcoin price BTCUSDT Bitcoin MVRV Momentum Bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 02:00:09 (6 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 627 words

Reading Time: 4 minutes read

Sentences: 51 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 23186435

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 8 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 10 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

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Publisher ID: #105

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