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As Bitcoin (BTC) trades within striking distance of its all-time high (ATH) of $108,786, recorded earlier this year in January, several indicators suggest that sustained bullish momentum could soon push the top cryptocurrency to new highs.
Bitcoin Enters Final Phase Of Wyckoff Accumulation
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In a recent post on X, crypto analyst Ted Pillows highlighted that BTC has entered the final phase of the Wyckoff Accumulation pattern. According to Pillows, Bitcoin’s ongoing consolidation just above $100,000 is a “good sign.”
Pillows also pointed out that Tether recently minted an additional $2 billion in USDT, suggesting fresh liquidity may soon enter the digital assets market and boost its total market cap. He predicted
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