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Bitcoin, the flagship cryptocurrency, has been the center of attention recently with hedge fund manager James Lavish predicting that it could rise to an astonishing $428,000. According to Lavish, this price target could be achieved when Bitcoin represents 1% of the $900 trillion investment assets worldwide. This bold prediction is based on the belief that
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In the recent days, the cryptocurrency market has experienced a significant amount of volatility. For example, Bitcoin (BTC) saw its price soar close to $70,000 on July 29th, only to drop below $66,000 the next day. Currently, it is trading around $66,300 according to CoinGecko. This drastic correction in price was further highlighted by news
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The Elliott Wave theory has gained significant popularity among Bitcoin analysts for its effectiveness in predicting the future movement of the cryptocurrency’s price. One pseudonymous crypto analyst, XForceGlobal, recently utilized this theory to estimate the potential next steps for the price of Bitcoin. In the analysis shared on TradingView, XForceGlobal applied the 5-wave Elliott Wave
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Cardano (ADA) is currently facing a crucial juncture as it grapples with the possibility of an inverted hammer formation on its weekly chart. This pattern symbolizes potential buying pressure taking over early selling, hinting at a trend reversal from bearish to bullish. However, amidst this glimmer of hope, ADA’s technical indicators are sending mixed signals.
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In a recent interview, pseudonymous trader and analyst Roman made a bold prediction regarding the short-term expectations for Ethereum’s price. He stated that investors should lower their expectations as he doesn’t see Ethereum performing well in the next few months. Roman believes that Bitcoin is currently absorbing all the liquidity in the market, causing altcoins
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