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26 July 2021

Bitcoin On Track To $100K, Why The Bull Cycle Could Be Just In Its Early Days

Bitcoin On Track To $100K, Why The Bull Cycle Could Be Just In Its Early Days


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This trader also compared Bitcoin with other cycles and believes this and other cryptocurrencies are not in a long bear market, but at a key moment of the bullish cycle.

Daan Crypto argued that the 4 Bitcoin past cycle can be divided into those with smaller corrections and a grind up towards new highs, as seen below.

The trader also believes that Bitcoin and its cycles dynamic could be changing.

The trader did clarify that it’s impossible to be 100% certain on the times in BTC’s price cycles

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BTC gains 15% in 3 hours amid tight squeeze
published: 1 hour ago
A sharp squeeze has seen Bitcoin quickly rally to test $40,000 for the first time in roughly six weeks, reclaiming its 50-day moving average in the process.

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