Bitcoin Price Bullish: Expert Forecasts Breakout - When Does the Bull Run Start?
The recent analysis from FinanzNachrichten.de suggests that Bitcoin is on the verge of a significant breakout. A leading crypto trader predicts that within the next three weeks, Bitcoin will break out of its current channel, potentially followed by a summer correction at higher levels. This period could offer opportunities for market consolidation and new support formations.
The analyst remains particularly optimistic about Q4 2024, expecting it to present enormous opportunities for Bitcoin. Michael van de Poppe also shares this bullish sentiment but emphasizes that BTC needs to surpass $70K in the short term to achieve new all-time highs. Despite almost three months of consolidation around $67K-$70K, he believes this phase sets a strong foundation for future gains.
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Bitcoin Remains "Market Leader": Michael Saylor on the Ethereum ETF
BTC-ECHO reports on MicroStrategy founder Michael Saylor's views regarding the recently approved Ethereum ETF by the SEC. While traditionally critical of Ethereum, Saylor sees this approval as beneficial not just for ETH but also for Bitcoin and the broader cryptocurrency industry.
Saylor argues that such regulatory approvals enhance institutional adoption by legitimizing cryptocurrencies as an asset class. He maintains his stance that Bitcoin will continue to receive most investment inflows due to its status as a "safe haven." With over 214,000 BTC holdings through MicroStrategy and inclusion in indices like MSCI World Index, Saylor underscores why these developments are crucial both for his company and BTC investors alike.
US Campaign: Donald Trump to Pardon Ross Ulbricht
BTC-ECHO highlights former President Donald Trump's increasing engagement with the crypto community during his campaign trail. In addition to advocating self-custody and opposing central bank digital currencies (CBDCs), Trump has promised to pardon Silk Road operator Ross Ulbricht if elected again.
This move aims to garner votes from pro-Bitcoin constituents while positioning himself strategically against incumbent Joe Biden’s administration, which has been perceived as targeting the crypto sector frequently under various pretexts, including sanctions evasion concerns related primarily to stablecoins like Tether. According to Statista surveys showing a close contest between the two candidates, public opinion trends slightly favor the ex-president overall, despite the ongoing legal battles he faces. These battles significantly impact potential electoral outcomes and influence post-election policy directions, ultimately determining the fate of the entire blockchain ecosystem and interconnected markets globally.
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