Recent price surges in Bitcoin and Ethereum not caused by short liquidations

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0xS4tMember
Posts: 17 · Reputation: 165
#1Sep 14, 2024, 01:18 PM
Bitcoin and Ethereum have really shot up lately, especially after the ceasefire between Iran and the US. This is definitely a good sign since if the conflict wraps up, it could create a big boost in the market. If that happens, we might see this upward trend in prices get even stronger. What do you all think about this?
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alex.shardLegendary
Posts: 1019 · Reputation: 5623
#2Sep 14, 2024, 04:21 PM
With technical analysis, bitcoin is showing as if it might go to $85000 but this may not be what will happen for now. Just know that this is not about the war at all. If bitcoin will increase, it is not about the war, it is just time for it to increase. All I can see is that bitcoin might increase to $85000 probably next month or in next few months but I do not know if the bears will allow that to happen because the bear market supposed to be longer. Maybe bitcoin could increase a little and fall back a little.
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jake365Full Member
Posts: 214 · Reputation: 688
#3Sep 16, 2024, 02:34 PM
Here's that significant pump in action. You see that as a significant pump or normal uncertainty that happens all the time in resistance levels of bear market? I understand that people are interested and want good news, and each to their own, but what past has taught me is that at least for me news are just noise right now when it comes to markets, and unless you are a day trader, there's no significant "uptrend" here any time soon that would benefit an investor.
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