CryptoAngelBTC
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BITCOIN COULD SEE A $112k PRICE THIS YEAR, HERE IS #1 REASON WHY!!
Even though the crypto market is showing little corrections today, something bigger might be cooking behind the red
CryptoQuant Says BTC Could Soar To $112K This Year On ETF Inflows
The Bitcoin price fell about 0.8% in the last 24 hours to trade at $47,960 as of the time of writing this post on an 8% jump in trading volume to $20 billion.
Despite the small fall, CryptoQuant CEO Ki Young Ju in his Twitter page predicts that Bitcoin’s price could soar to $112,000 this year if the current trend of inflows linked to spot exchange-traded funds (ETFs) continues. His worst-case scenario for Bitcoin would see it climb to $55,000. Many other investors are also in line with this prediction .
Meanwhile, BTC is currently in the accumulation stage. After the price hit a resistance level at $49,000, signaling an anticipated break above the upper boundary of the bullish pennant.
If the momentum continues, the bulls could fly the price high to around 60k level.
But as you accumulate crypto coins, don't forget to apply suitable risk management strategy because nothing is 100% certain in the crypto industry .
Let's keep Learning and building together 💪
#Crypto_Angel #Write2Earn
Even though the crypto market is showing little corrections today, something bigger might be cooking behind the red
CryptoQuant Says BTC Could Soar To $112K This Year On ETF Inflows
The Bitcoin price fell about 0.8% in the last 24 hours to trade at $47,960 as of the time of writing this post on an 8% jump in trading volume to $20 billion.
Despite the small fall, CryptoQuant CEO Ki Young Ju in his Twitter page predicts that Bitcoin’s price could soar to $112,000 this year if the current trend of inflows linked to spot exchange-traded funds (ETFs) continues. His worst-case scenario for Bitcoin would see it climb to $55,000. Many other investors are also in line with this prediction .
Meanwhile, BTC is currently in the accumulation stage. After the price hit a resistance level at $49,000, signaling an anticipated break above the upper boundary of the bullish pennant.
If the momentum continues, the bulls could fly the price high to around 60k level.
But as you accumulate crypto coins, don't forget to apply suitable risk management strategy because nothing is 100% certain in the crypto industry .
Let's keep Learning and building together 💪
#Crypto_Angel #Write2Earn
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