Bitcoin's Impending Bull Run: New ATH on the Horizon

1 min read
Source: Finbold - Finance in Bold
Bitcoin's Impending Bull Run: New ATH on the Horizon
Photo: Finbold - Finance in Bold
TL;DR Summary

Bitcoin is eyeing the $70,000 mark again after a brief correction, with market sentiment indicating a continuing bull run and potential record high, especially with the upcoming halving event. TradingShot suggests that Bitcoin is poised for an unprecedented surge, possibly signaling the onset of its most aggressive bull cycle to date, with the golden ratio indicating at least another 500 days of bullish momentum ahead. Additionally, potential bullish catalysts include BlackRock's spot Bitcoin ETF and indications of interest rate cuts from the Federal Reserve, while Bitcoin is currently trading at around $68,195 with investor focus on key support levels.

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