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Bitcoin News
Bitcoinsensus
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Will Q4 Bullish for Bitcoin, and the Impact of Additional China and U.S. Liquidity
- Markets and gold are experiencing record highs after interest rate cuts from the FED.
- Interest rates are being cut by China, and everything is going in huge additional liquidity.
- This should greatly boost an already historically favorable Q4 for Bitcoin.
- However, Bitcoin's growth momentum is not as steaming as it should be for several reasons.
- Bitcoin has not reached its all-time high as the S&P 500 indexes after the US FED decision.
- The correlation between the US dollar index and Bitcoin's price is strong during dollar declines.
- Bitcoin's volatile nature and undervaluation models show volatility is contingent on institutional investors adopting the cryptocurrency market-wide.
- Although retail investors remain slow relative to institutional investors, the cryptocurrency market could potentially be heavily influenced by institutional investors, and thus, following the crowd can be risky.
- Finally, additional liquidity and stimulus by China and the US may take longer to be felt in the cryptocurrency market, with risk markets like stocks and cryptocurrencies requiring time to grow.
- We need a more comprehensive assessment of factors that will contribute to the crypto market, such as additional liquidity and institutional adoption.
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24 Likes
Tokenhell
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Price Analysis October 6th, 2024 – BTC, ETH, SOL, BNB, and XRP
- Bitcoin trended downward earlier this week following reports of an attack on Israel by Iran, but found support near $60,000.
- JPMorgan analysts predict investors will shift focus to Bitcoin and gold due to dovish monetary policies and the upcoming US election.
- Sentiment report shows that 53% of crypto traders are pessimistic about Bitcoin's performance in October.
- Bitcoin may have a possible move to $66,487 if it crosses the 20-day EMA, but a drop to $54,000.55 support is possible if $60,000 breaks.
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Coinpedia
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Crypto Weekly Roundup (6th Oct 2024): Bitcoin & Altcoins Plunge, SEC Files Appeal Against Ripple Again!
- Bitcoin and altcoins experienced significant declines due to geopolitical tensions.
- The SEC has appealed the ruling in the legal dispute with Ripple, while Bitwise filed for a new XRP ETF.
- Coinbase plans to delist Tether and other stablecoins by the end of 2024 due to EU MiCA regulations.
- SWIFT is preparing for live trials of crypto transactions in 2022, aiming to incorporate blockchain technology.
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Newsbtc
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Bitcoin Lags Under STH Realized Price Of $63,000 — What Does This Mean?
- The Bitcoin price has somewhat slowed down this weekend, failing to capitalize on its resurgent momentum from Friday, October 4.
- Bitcoin continues to trade under the realized price of short-term holders (STH), indicating potential downward pressure on price.
- When the spot value of Bitcoin is higher than the short-term holders’ realized price, it encourages traders to buy more coins, triggering an upward price movement.
- Bitcoin's holder behavior in 2024 mirrors the 2016 and 2020 halving years, suggesting potential price growth for the market leader.
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Crypto-News-Flash
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Dormant Bitcoin Whale Moves $3.58M to Kraken After 15 Years
- A dormant Bitcoin whale from 2009 transferred $3.58M to Kraken, sparking speculation about Satoshi Nakamoto’s identity.
- The whale still holds over 1,169 BTC, mined just one month after Bitcoin’s mainnet launch.
- The whale's recent activity coincides with the premiere of an HBO documentary seeking to expose Satoshi Nakamoto's identity.
- Other Bitcoin whales from the same era have also made similar moves after being inactive for over 15 years.
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Coinpedia
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Expert Predicts Bitcoin Will Surpass $300,000 with Next Major Print; Timeline Deets Inside
- Lawrence Lepard, Managing Partner at Equity Management Associates, predicts that Bitcoin could reach between $300,000 and $350,000 in the next six to 18 months.
- Lepard also believes that gold could rise to between $4,000 and $5,000 during the same period.
- He warns of a potential liquidity crisis and deflation, which could cause Bitcoin to retreat to around $85,000 to $100,000.
- Lepard envisions a second wave of monetary intervention that could lead to Bitcoin reaching a million dollars and gold climbing to between $20,000 and $40,000.
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Newsbtc
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Bitcoin Price Fall Increases Buying Momentum, Pushes Exchange BTC Balances To 6-Year Lows
- Bitcoin price fall leads to increased caution among investors.
- On-chain data shows significant increase in BTC buying momentum.
- Bitcoin balances on exchanges drop to six-year lows.
- Analyst predicts potential price surge to $100,000 for BTC.
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Newsbtc
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POPCAT Surges Past $1.0094 All-Time High – What’s The Next Price Target?
- POPCAT has surged past its all-time high of $1.0094, signaling a powerful bullish momentum.
- Technical indicators suggest potential for further upside movements.
- Support level at $1.0094, with potential resistance at $1.5 and beyond.
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Tech Story
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Bitcoin Hits $62K as Positive Nonfarm Payrolls Boost Investor Confidence
- Bitcoin rises above $62K again after release of positive nonfarm payroll data from the United States, showing 254K new jobs were added
- September's strong labour market report increased risk appetite and investor sentiment, leading to a noticeable impact on financial markets
- Bitcoin's price is usually sensitive to U.S. economic indicators and increasing correlation with broader financial markets
- Geopolitical events introduce volatility into global financial markets; Bitcoin, a digital safe-haven asset, can sometimes benefit, but, in this case, uncertainty limited Bitcoin's market enthusiasm
- Despite uncertainties, Bitcoin's long-term outlook remains positive
- Speculation around the U.S. Federal Reserve’s monetary policy influences Bitcoin’s price movements as lower interest rates generally make riskier investments like Bitcoin more attractive to investors
- In the long term, Trump’s policies could lead to increased fears of currency devaluation and inflation, which could further fuel Bitcoin’s price rise
- Short-term resistance at the $62,200 level is limiting further price gains for Bitcoin while also extending its ongoing consolidation phase which has lasted for several months
- If Bitcoin manages to surpass the $65,000 level, it could pave the way for a rally towards $70,000 and beyond, with analysts predicting its new all-time high
- Bitcoin's recent surge is driven by a combination of positive US economic data and increasing interest from investors, while geopolitical uncertainties sustain caution.
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Newsbtc
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Crypto Analyst Predicts Bitcoin Price Will Hit New All-Time High If It Breaks This Level
- Popular crypto analyst Inmortal predicts that Bitcoin will reach a new all-time high if it breaks above $64,000.
- Bitcoin is currently trading at $62,200 and has gained 3.5% from its recent low.
- Another analyst, Kaleo, suggests that Bitcoin may dip to $57,000 to $58,000 before resuming its upward trajectory.
- There is optimism in the crypto space for a solid finish to the year.
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Bitcoinist
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Bitcoin Set To Rally As Analysts Back 25Bps Cut By Fed – Details
- Financial analysts at Kobeissi predict a 25 bps rate cut by the US Federal Reserve in November.
- US jobs rose by 254,000 in September, surpassing expectations, leading to speculations of a rate cut.
- Kobeissi states the possibility of a 25 bps rate cut is 93%, which is lower than previous expectations of a 50% cut.
- Bitcoin showed a positive reaction to the employment report, rising by 2.53% to trade above $62,000.
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Bitcoinist
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Bitcoin Price Could Enter ‘Period Of Positive Seasonal Performance’ — But This Needs To Happen
- The Bitcoin price is entering a period of positive seasonal performance with historically bullish Q4.
- According to CryptoQuant, the Bitcoin price increased significantly in the Q4 of halving years.
- CryptoQuant predicts an end-of-the-year target of $85,000 to $100,000 for the Bitcoin price.
- The growth of Bitcoin demand and increasing investment from US spot ETFs can have a positive impact on the price.
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1 Like
Bitcoinist
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US Spot ETFs Fueling Bitcoin Demand – Is BTC Set To Explode In Q4 2024?
- Bitcoin is trading at a pivotal level after a 10% dip to $60,000.
- Demand for Bitcoin from US spot ETFs is on the rise, indicating a positive trend.
- Analysts predict a sharp rally in Bitcoin prices in Q4 2024.
- Bitcoin's current price action and institutional demand will be critical in determining future performance.
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8 Likes
Bitcoinist
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Image Credit: Bitcoinist
Bitcoin Bull Trend Still Persists Despite Pullback, Analyst Explains
- An on-chain indicator suggests that Bitcoin's bullish trend is still intact despite the recent pullback.
- The Bitcoin Coinbase Flow Pulse indicator shows increasing inflows to Coinbase from other platforms, indicating a bullish market.
- The 30-day simple moving average (SMA) of the indicator is still above the 90-day SMA, indicating accelerating inflows.
- The indicator has only experienced a few bearish crossovers since the uptrend began, with each bear period being brief.
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Stackexchange
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Image Credit: Stackexchange
PRoblem with blockchain transaction
- The user has encountered a problem with blockchain transactions from 2009.
- After finding a disk containing mined bitcoins, the program initially shows the balance and transaction details.
- However, when synchronizing the headers, the status changes to unconfirmed and not in the memory pool.
- The user seeks ideas for recovering these bitcoins.
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