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news-imageFebruary 24, 2025

Bitcoin Bulls Build Up Safety Net – What Does This Mean For Price?

A key demand zone has formed just below Bitcoin's current price due to significant buying interest in this particular zone. On-chain data from IntoTheBlock shows that 2.76 million addresses have accumulated 2.1 million BTC at this price, creating a strong support base.
Publisher: Bitcoinist
Sentiment: Positive
BTC

More News Articles

Positive
cover-imageThe Daily Hodl
February 24, 2025

Trader Sees Continuation of Bitcoin Uptrend, Says BTC Bulls Have Declared Demand at $90,000 ‘Time and Time Again'

A closely followed analyst believes Bitcoin (BTC) remains in a strong uptrend despite the growing bearish sentiment on the flagship crypto asset. Pseudonymous analyst Cheds tells his 49,600 YouTube subscribers that he thinks Bitcoin's uptrend will remain intact as long as BTC respects its immediate support at $90,000. “It's an uptrend.

Negative
cover-imageThe Currency Analytics
February 24, 2025

Gold Approaches $3K While Bitcoin Struggles Below $100K

Gold and Bitcoin have long been compared as alternative assets, yet recent market trends have highlighted a stark divergence between the two. As gold approaches its all-time high of $3,000 per ounce, Bitcoin (BTC) struggles to maintain momentum, remaining stuck below the $100,000 mark for much of February 2025.

Positive
cover-imageThe Currency Analytics
February 23, 2025

Bitcoin Bullish Momentum as Key Indicators Cross

Bitcoin (BTC) is showing signs of a potential rally, thanks to the recent crossover of key moving averages (MAs). These technical indicators are fueling optimism among traders, with many expecting a further price increase.

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