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news-imageOctober 19, 2024

Bitcoin (BTC) Set to Ensure 100% Holder Profitability as Price Eyes $78,000

Bitcoin's (BTC) recent price surge, which has seen the cryptocurrency increase by 10% over the past seven days, has placed 95% of its holders in profitable positions. This upward momentum suggests that Bitcoin could be on the verge of hitting a new all-time high.
Publisher: BeInCrypto
Sentiment: Positive
BTC

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Bitcoin Price Analysis: Can BTC Maintain Its Surge Above $68,000?

Bitcoin is showing strong signs of bullish momentum with its price hovering above $68,000. Key technical indicators, chart patterns, price action, whale activity, and Bitcoin ETF inflows are pointing toward an upward rally. With only a few days until the election, all eyes are on how Bitcoin will react.

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Bitcoin ETFs could overtake gold ETFs in 2 years, analyst says

ETF Institute co-founder Nate Geraci believes that spot Bitcoin exchange-traded funds (ETFs) could surpass Gold ETFs in the next two years if the current trajectory continues. In an opinion shared on X, Geraci noted that Gold ETFs were launched in 2004, which means they have a 20-year headstart on Bitcoin ETFs.

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