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PlanB Believes Bitcoin’s Bull Market Is Nowhere Near The Top

PlanB believes Bitcoin’s bull market is nowhere near the top and thinks that the cryptocurrency is only getting started despite its struggles to stay above $60,000 as we can see more in our latest bitcoin news today. In a new tweet, PlanB explained to his 347,000 followers that he thinks Bitcoin’s current boom cycle is far from over saying: “In my opinion, we are only about 4 months into the bull market and nowhere near the end of it. Bitcoin is just getting started.” Source PlanB:TwitterThe quantitative analyst sees Bitcoin’s historical performance in terms of momentum to support the argument.…

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Long-Term Fundamentals Signal Robust Crypto Bull Market Fueled by Reckless Money Printing, Defi

A robust cryptocurrency bull market is in the making, a Weiss Crypto Ratings analyst explained. Citing central banks’ “reckless money printing policies” and “the explosion in Defi innovation,” he sees long-term fundamentals favoring cryptocurrencies despite some short-term selloffs. Robust Bull Market in the Making Weiss Crypto Ratings’ Juan Villaverde explained last week that long-term fundamentals continue to favor cryptocurrency, despite some short-term selloffs. The analyst built the Technology and Adoption models that are at the core of the Weiss Crypto Ratings. He believes that two key factors will drive the next bull market: central banks’ “reckless” money printing and decentralized…

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Bitcoin Price: $12K Level Proves Hard Nut to Crack

The Bitcoin price temporarily crossed the $12,000 mark for the second time in less than a fortnight but once again saw a swift retreat, dropping $500 in the process. Pundits say any sustained action above $12,000 could see the top-ranked cryptocurrency testing multi-year highs perhaps in pursuit of its $19,800 all-time high (ATH). Market analysts say smart money will continue to flow into assets like Bitcoin (BTC) and gold as investors look to hedge against currency debasement. Both BTC and gold appear to be advancing along similar price action trajectories with the latter recently crossing $2,000 per ounce for the…

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