Why Is Bitcoin Back Above $63K And Are Bearish Scenarios Really 'Invalidated'?
Portfolio Pulse from Khyathi Dalal
Bitcoin has surpassed $63,000, invalidating short-term bearish scenarios. Key events like Germany liquidating Bitcoin holdings and an assassination attempt on Donald Trump have fueled this rise. Experts predict a significant Bitcoin dominance rally in Q4 2024, with potential all-time highs in August. Institutional interest is growing, as evidenced by substantial inflows into digital asset investment products.
July 15, 2024 | 3:13 pm
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Bitcoin has surpassed $63,000, invalidating short-term bearish scenarios. Key events like Germany liquidating Bitcoin holdings and an assassination attempt on Donald Trump have fueled this rise. Experts predict a significant Bitcoin dominance rally in Q4 2024, with potential all-time highs in August.
Bitcoin's price has risen above critical short-term levels, driven by significant events and expert predictions of a dominance rally. This suggests a bullish outlook in the short term.
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