BitcoinBTC-USD
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Bitcoin breaks above $65,500 with historic support level of 1.3M BTC, targeting $84,569.
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BitcoinBitcoin Breaks Above $65,500, Targets $84,569 on Historic Support
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Bitcoin has broken above $65,500 and, having fully recovered the 13% decline seen at the beginning of July, has entered a clear technical runway toward yearly highs. The catalyst for a potential rally is an abnormal imbalance of forces within the Bitcoin network, where the URPD metric has recorded a sweeping absorption of supply and the formation of the largest hidden support level in history, with 1.3 million BTC now acting as a base. This setup opens the way for a price target of $84,569.
BitcoinBitcoin breaks above $65,500 with historic support level of 1.3M BTC, targeting $84,569.