JUST IN: 71% chance Bitcoin hits $126,000 this month, accord | BeyOglu - The Analyst på Binance Square

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BeyOglu - The Analyst

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JUST IN: 71% chance Bitcoin hits $126,000 this month, according to crypto prediction platform Polymarket.

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If spot $XRP ETFs arrive, who will buy and how much will liquidity shift? Six spot XRP exchange-traded funds (ETFs) await SEC approval in the US, with final deadlines for October, and they can reshape market conditions following their debut. The regulatory backdrop underwent a significant change on Sept. 17, when the SEC approved generic listing standards for crypto-related ETFs across major exchanges. As a result, Bloomberg senior ETF analyst Eric Balchunas noted on Sept. 29 that approvals on altcoin ETFs are not a matter of “if,” but “when.” However, timing still depends on Washington. During the federal shutdown, the SEC is operating with a skeleton crew and does not process registration statements, pausing the launches of ETFs until funding resumes. Once staff return, effectiveness orders can be reassessed, meaning an October approval is still plausible. The regulatory backdrop suggests that Bitwise, 21Shares, WisdomTree, Canary Capital, CoinShares, and Grayscale will launch their #XRP products on Cboe this month. Consequently, the move will restructure the XRP market.

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#Bitcoin Technical Outlook and Price Forecast. Bitcoin Has Formed the Double bottom Chart pattern and currently trading near the all time high. Bitcoin is forming strong bullish Candles indicating that the all time high of $124k is likely to get break soon. If It break break above this level the next ATH could be near $140k as per the breakout of this chart pattern. Relative Strength Index RSI is 68 near to the over bought level aiming upward indicating that more bullish momentum ahead, MACD Moving Average Convergence Divergence made bullish cross on 30September.

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$SOMI is in super Mode Today. 🚀 #Somnia finds support and bullish momentum from it, SOMI has reclaim its 1$ status again, at the time of writing this on Saturday it is trading at 1.03$ moving towards the resistance price zone. Last week SOMI faced Rejection from this level, but Now the way it is pumping there are chances that it could breakout this Resistance Price Soon. @Somnia Official

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$BB already at the Moon 🚀🚀🚀 @BounceBit BB retested the support on Thursday and gain huge Bullish momentum from the support area, BounceBit is clearly showing is upward trend on all time frames. At the time of writing this BB is trading at 0.212$. MACD indicator is about to make bullish crossover. The next resistance price is 0.25$, it has got rejected from this price level twice, if it doesn't break above this resistance this time we might see BB in struggling phase again. #BounceBitPrime

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Good news for $MITO Holders. #Mitosis has break above the downtrend, and now forming multiple green candles at 4hr timeframe indicating that the bullish momentum ahead, at the time of writing this MITO is trading at 0.1589$ if it close above this price today we might see it trading again on 0.25$ or above it soon. @Mitosis Official

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