Latecomers To Bitcoin Rally Get Cautionary Advice From Analyst, Here’s Why

Quick Summary:

Bitcoin is currently riding the bullish wave in the midst of growing market optimism, which has caused the largest crypto asset to reach a new all-time high.

The crypto expert expects the run to the pivotal level to materialize once the digital asset reaches $78,000.

However, the path to the $85,000 target might not be a smooth ride as the expert envisions a possible pullback to $71,500 after hitting $78,000 before initiating an upward movement to $85,000.“This is playing as predicted.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: Hungary

Topics: Ali Martinez Btc Bitcoin Negentropic BTCUSDT Tom Demark Bitcoin News Btcusd TD Sequential

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 02:00:15 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 476 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 23466460

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About Bitcoinist

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

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #105

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