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Crypto Analyst Predicts $200,000 Price Tag For Bitcoin Using Miner Capitulation

Bitcoinist LogoBitcoinist16h ago

Crypto Analyst Predicts $200,000 Price Tag For Bitcoin Using Miner Capitulation - Bitcoinist

Quick Summary:

As Miner Capitulation in the crypto market slowly comes to an end, a crypto analyst maintains an optimistic future outlook on the price of Bitcoin (BTC), the world’s largest cryptocurrency.

The analyst has set a massive $200,000 price tag for BTC, marking a new all-time high for the pioneer cryptocurrency.

Miner Capitulation here means when miners turn off their hardware and stop mining Bitcoin to begin selling off their coin reserves.

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Crypto Analyst Predicts $200,000 Price Tag For Bitcoin Using Miner Capitulation - Bitcoinist (Picture 1)

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 23:00:01 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 550 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 21678579

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About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 12 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

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

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The story "Crypto Analyst Predicts $200,000 Price Tag For Bitcoin Using Miner Capitulation" has 550 words across 33 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "Crypto Analyst Predicts $200,000 Price Tag For Bitcoin Using Miner Capitulation" was covered 16 hours ago by Bitcoinist, a news publisher based in Hungary.

How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 12 news stories per day.

It's most recent story was published 9 hours ago.

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  • News ID: #21678579
  • URL: https://beamstart.com/news/crypto-analyst-predicts-200000-price-1721345753385

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