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    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

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    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Charlie Hunnam Reflects on Playing a Serial Killer in Monster: The Ed Gein Story – Yahoo

    Charlie Hunnam Reveals the Dark Challenges of Playing a Serial Killer in Monster: The Ed Gein Story

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    “Reba” cast, then and now: See the stars 24 years later (and who’s reunited for another show) – Yahoo

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    Here’s Why Taylor Swift Dropped Elizabeth Taylor’s Name in Her New Album

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    Al Roker Shocks Olivia Dean with an Exciting New Role on the ‘Today’ Show

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    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

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    Trump’s Narrow Window to Spread the Truth About Harris

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    Ditch the Cowbells: Discover the High-Tech Collars Transforming Cattle Care

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Bitcoin Price Hit $65K: Could New All-Time Highs Be Just Weeks Away?

July 16, 2024
in Business
Bitcoin Price Hit $65K: Could New All-Time Highs Be Just Weeks Away?
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The third week of July has kicked off on a positive note, with Bitcoin’s price rising to $64,989 after briefly falling below $54,000 earlier in June. This impressive comeback has boosted optimism among investors. Meanwhile, prominent crypto analyst Michael van de Poppe believes that if Bitcoin can maintain its current price level, it is likely to reach its all-time high in the third quarter. 

Bitcoin To Hit ATH By Q3

According to Michael van de Poppe’s analysis, Bitcoin (BTC) has successfully bounced back into its trading range after dropping below recent support levels. The analyst further highlights the importance of the $60,000 level, noting that as long as Bitcoin holds above this price, it is likely to maintain its positive momentum.

Great news!$BTC is back in the range. It had a deviation beneath the range low. However, in the past few days, it rallied back into the range.

As long as $60K holds, I’m expecting to see a continuation towards the all-time high in Q3. pic.twitter.com/2vOTdGmC26

— Michaël van de Poppe (@CryptoMichNL) July 16, 2024

Looking ahead, Van de Poppe predicts that this upward trend will continue, with a strong chance of Bitcoin reaching new all-time highs in the next few months. This optimistic forecast comes as interest in Bitcoin grows and the market begins to stabilize.

Strong Inflows Boost In Market

Adding to the positive sentiment, spot Bitcoin exchange-traded funds (ETFs) saw significant inflows, totaling $301 million on Monday, with no ETFs reporting outflows. Notably, BlackRock’s IBIT and Ark Invest’s ARKB each led the inflows, contributing $117.2 million. This strong activity in the ETF market further supports the bullish outlook for Bitcoin.

Santiment Warning To Investors

Santiment, a blockchain analytics platform, is urging investors to be cautious after a quick rise in market optimism. They recommend thinking carefully when the crowd becomes very positive without clear signs of concern.

🤑 FOMO has made a return with Bitcoin back at $63.3K. Crypto began rebounding almost precisely after Trump’s near assassination Saturday, and it hasn’t slowed down since. Cautiousness is recommended when the crowd has collectively become so bullish without many signs of fear. pic.twitter.com/B0AuAqTO1v

— Santiment (@santimentfeed) July 15, 2024

This surge in hope seems connected to positive sentiments about Donald Trump potentially winning the election in November. Many investors believe that under his leadership cryptocurrency market will grow.

In addition, the Crypto Fear & Greed Index has shown big swings in just three days from “extreme fear” to “greed.” This sudden change shows the ongoing rally in the crypto market, but it also shows how uncertain current feelings are among investors.

Read Also: XRP News Today: Ripple’s $1M Donation to Support John Deaton and Unseat Warren

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Coinpedia – https://coinpedia.org/news/bitcoin-price-hit-65k-could-new-all-time-highs-be-just-weeks-away/

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