When will bitcoin hit 50k
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Source: Santiment Additionally, Spanish telecom giant Telefonica is all set to embrace Bitcoin payments. Microstrategy banks on lightning networks and seeks software engineers for its lightning network-based solutions.
Moreover, the supply crunch would grow more evident, with the approaching halving event. Bitcoin Price Prediction For If Bitcoin manages to diversify and empower its liquidity over the next three years. It holds the possibility to attract more investors, which would result in global recognition. That said, the chances of investments fueled by FOMO would be on the higher side. Even the 1 April downtick failed to move below this support level, further strengthening the bullish outlook.
Regardless, BTC has failed to show volatility and has not moved higher for the last week or so. But two on-chain metrics suggest that the big crypto is due for a volatile move to the upside and is likely to hit a crucial psychological level by the end of this week. Any attempt to move beyond this barrier has failed. However, drawing trend lines connecting the candlestick bodies of the swing highs and swing lows since 28 March results in the formation of a symmetrical triangle.
Interested investors should watch the breakout carefully and plan their entries accordingly.
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Bitcoin BTC Price News Today - Technical Analysis and Elliott Wave Analysis and Price Prediction!
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