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Buna is bullish trend 📈

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Bitcoin is preparing for its seventh consecutive month of incredible ascent, which could become a historic event in its history.

By the end of March, Bitcoin might have reached a major milestone, possibly ending its seventh consecutive month in the green. This would be a first in Bitcoin’s price history, necessitating the cryptocurrency to stay above $61,130, the closing price in February, according to data from Tradingview.

Achieving new heights as bitcoin price remains stable
From 2020–2021, Bitcoin’s price jumped an astounding 445%, from $10,781 to $58,783. This was the last time the cryptocurrency saw such a prolonged uptrend. In the three months after this extraordinary surge, however, BTC experienced a significant correction, falling 40% from $58,790 to $35,037.

In the time leading up to halving events, Bitcoin has frequently experienced corrections. However, with the money pouring into spot Bitcoin exchange-traded funds (ETFs), prices could continue to rise soon. The creator of AllianceBlock, Matthijs de Vries, is optimistic about this development. He mentions that the constant flow into spot Bitcoin ETFs could play a big role in driving up prices in the near future.

Additionally, bullish sentiment is anticipated to intensify even further as the Bitcoin halving cycle continues. Also, by the end of the first quarter, Bitcoin, according to De Vries’s price forecast, will have settled at $74,000. At 4:30 pm UTC, however, Bitcoin was trading at $64,177, a 6.1% decline from the previous week due to recent market movements.

Analysis of market trends and forecasts of prices
In spite of this temporary setback, Bitcoin’s monthly chart still shows an impressive 25% gain. Bitcoin is still in the “Danger Zone,” a zone usually associated with pre-halving retracements, according to crypto analyst Rekt Capital’s analysis of historical chart patterns. This points to the prospect of a decline in price action in the weeks leading up to the halving event.

🚀Bitcoin miners enter $8.2b selling spree: $60k price rally at risk? 🔥🔥

Bitcoin’s price tumbled to a weekly low of $50,664 on Feb. 21, narrowly avoiding massive liquidations; on-chain data analysis pinpoints the likely causes of the recent pullbacks.

After a remarkable 27% February uptick that saw Bitcoin (BTC) hit a 3-year peak of $52,985 on Feb. 20, Bitcoin is struggling to maintain momentum.
With miners ramping up profit-taking ahead of the upcoming halving event, a decline in ETF inflows threatens to scuttle the BTC price rally.

Bitcoin miners sold BTC worth $8.2 billion in previous 30 days
Bitcoin price dipped $BTC 50,664 on Feb. 21, sparking concerns of widespread liquidations as the bears looked to break below $50,000 for the first time since the Valentine’s Day rally. Market data shows the Bitcoin miners’ selling trend, and a slight blip in ETF inflows this week contributed to the pullback.
Bulls have managed to stage an instant rebound toward $51,500 at press time on Feb. 22, but a closer look at the on-chain data trail suggests the bull rally is not yet back on track.

Cryptoquant’s miner reserves metric monitors real-time balances held by BTC miners. It shows that BTC validators hold a cumulative balance of 1,824,201 BTC as of Feb. 22, a 160,000 BTC decline from the balances held on Jan. 31.

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🚀Top 3 AI Altcoins: Tracing the Worldcoin Legacy 💥

1. Arkham (ARKM):
Pioneering the AI Revolution
- ARKM has surged from a modest $0.75 to an impressive $1.1, positioning itself as a formidable contender in the Worldcoin realm.

2. Fetch AI (FET):
Championing Boundless Innovation
- FET has witnessed an astounding 400% surge over the past year, now commanding a valuation of $0.9 with a staggering $1 billion market cap.

3. SingularityNET (AGIX):
Harnessing the Power of AI Potential
- AGIX recently experienced an exhilarating 80% surge, solidifying its market presence with a valuation shy of $700 million.

Seize the opportunity to explore these AI treasures, echoing the triumphant spirit of Worldcoin! 🪙

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#Write2Earn #TrendingTopic $BTC
#WLD

Top hot coins 🪙

Leading cryptocurrency Bitcoin [BTC] has made an exceptional comeback this week, reaching a few yearly highs. On 15th November, the coin reclaimed the $37,000 price level after it recorded an intraday rally of 6% during that day’s trading session.

BTC closed the day at a high of $37,880 before witnessing a correction. The last time the coin traded at such a high was in May 2022.

At press time, BTC exchanged hands at $36,378, with a 2% value decline in the last 24 hours, according to data from CoinMarketCap.

As the coin’s price rallied to an 18-month high, its new demand also climbed. On-chain data sourced from IntoTheBlock showed that during the week, the coin’s adoption rate reached a yearly high of 67.62%.$BTC

This indicated that the week saw a significant increase in new market participants.
#sol #etf #Binance #AVAX #WhaleAlert

The cost of Bitcoin has been on a steady increase, captivating investors worldwide. Driven by growing demand, limited supply, and institutional interest, its value has surged, making headlines. This meteoric rise has led to both excitement and concerns, as it impacts financial markets and raises questions about its long-term sustainability.

Bitcoin is a decentralized digital currency that operates on a blockchain, offering secure and pseudonymous transactions. Its value can fluctuate significantly, attracting both investors and debates about its future.