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Bitcoin Buying Pressure Increasing as Exchanges Hold More Stablecoins

Bitcoin may still be correcting from its 2020 high, but analytics indicate that there is still a lot of buying pressure and the bull run may not be over just yet. Bitcoin prices have been hovering around the $10,250 level for the past three days, down around 17% from their 2020 highs. A weekly candle closing above five figures has been seen as bullish by technical analysts, but exchange data could reveal even more reasons why this rally isn’t over yet. According to on-chain analytics from CryptoQuant, Bitcoin could still have ‘intense buying pressure’ because exchanges are holding more stablecoins…

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Will Bitcoin [BTC] Price Hit $500,000 By 2028? Crypto Guru Bobby Lee Stands Firm By His Predictions

In a tweet today, famous crypto entrepreneur and CEO of Ballet Bobby Lee predicted that bitcoin [BTC] price will be in range $500k-1 million in next 10 years. The crypto guru stood firm on his earlier Bitcoin price prediction of $500k by the year 2028. He made this prediction in a chat with his peers in his circle when asked about Bitcoin price over next 10 years. My recent chat about #Bitcoin with business school friends. pic.twitter.com/dLvje4ziHi — Bobby Lee – Ballet: World's EASIEST crypto wallet! (@bobbyclee) August 11, 2020 Will Bitcoin [BTC] Price Hit $25,000 By December 2020? Bobby…

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