πŸš€ Wall Street wants your #Bitcoin

TechnicalHunter
2024-02-29

Lab4cryptoLab4crypto

Massive #Bitcoin surge fueled by a whopping 9052 BTC influx, worth ~$500M, driving buying pressure through the roof! Fidelity's 4459 BTC leads the charge, overshadowing BlackRock's 2051 BTC. Add $190M liquidations, and BTC soars past $57K! Bulls are roaring!

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Bitcoin currently at 0.72% undervaluation, pushing against its fair value resistance. Fair value logarithmic regression has been a hurdle since Feb 12th. Historically, surpassing fair value leads to swift movement towards +1 standard deviation. Keep a close watch on this level.

Lab4cryptoLab4crypto

BTC Rebound: A New Rally or Bull Trap?
After the sell-off on Tuesday, Bitcoin surged by 5.8% on Wednesday, reaching $67,002.84, driving an overall uptrend in the digital asset market. Bitcoin had reached a historic high of $69,191.95 on Tuesday before swiftly dropping below $60,000. According to data, the range between the high and low points on Tuesday exceeded 14%, marking the largest price fluctuation for Bitcoin this year. -------------------- How do you view? Will Bitcoin Pullback or Push Higher? What's your target price for Bitcoin?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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