Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Coinpedia Fintech News on June 09, 2023, 03:19:33 PM
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Bitcoin faces a crucial juncture as it hovers above the 200-week moving average, defying bearish sentiment. The cryptocurrency is now on the verge of a significant breakout, with experts speculating on the possibility of a 60% surge, propelling it to $40,000 by July.
For a detailed analysis and further insights, delve into Coinpedia's analysis.
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Bitcoin's potential breakout is indeed exciting, and if it does surge by 60% to reach $40,000 by July end, it would be a significant milestone.
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The price action and potential breakout of Bitcoin highlights the volatility and unpredictability of the cryptocurrency market.
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Currently Bitcoin's outlook has partially bullish and high social media buzz.
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The very first cryptocurrency, bitcoin (BTC), still has the largest market capitalisation in the crypto market as of 18 April 2023.
Bitcoin has moved beyond being a peer-to-peer version of electronic cash to becoming a store of value and a potential hedge against inflation.
In 2021, BTC’s value grew from $29,374.15 on 1 January to $46,306.45 on 31 December, managing to surpass the $60,000 mark twice, most notably when it reached its all-time high of $68,789.63 on 10 November that year.