Tag: 120K

Bitcoin Exchange Reserves Hit Record Low, Could $120K Be on the Horizon?

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Bitcoin has seen continuous bullish momentum in recent weeks resulting in the asset’s consistent new highs. According to recent analysis, this momentum appears to not just be random as it comes amid major moves behind the scenes. Particularly, recent data indicates that Bitcoin reserves have dropped to a historic low of 2.4 million, signaling a “supply shock” that has coincided with a surge in Bitcoin’s price. This reduction in exchange reserves, coupled with strong demand, has created a bullish environment that could set the stage for further price increases. A…

Analyst Predicts Bitcoin Bull Run: MVRV Metric Hints At $95K To $120K Target

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The Bitcoin price action has sparked renewed interest among analysts and investors as the cryptocurrency approaches a major event (the US election) later in November. A CryptoQuant analyst known as CoinLupin recently provided an analysis on the CryptoQuant QuickTake platform, focusing on Bitcoin’s Market Value to Realized Value (MVRV) ratio, a metric often used to gauge Bitcoin’s value compared to its on-chain fundamentals. With macroeconomic factors creating uncertainty in the crypto markets, CoinLupin shared insights on the significance of MVRV for evaluating Bitcoin’s current market position. MVRV And Historical Cycle…

£120k issued in fines to two companies for predatory marketing campaigns

Companies fined for making nearly 50,000 unsolicited marketing calls £120k issued in fines for companies targeting people with dementia in predatory marketing campaigns Victim became “afraid of answering the phone” after repeated calls Over £1.5m in fines issued for predatory marketing calls We have fined two companies for making unlawful marketing calls to individuals registered with the Telephone Preference Service (TPS). WerepairUK Ltd, based in Tonbridge, has been fined £80,000 for making 42,688 unsolicited calls. It has appealed our decision. Service Box Group Limited, based in Hove, East Sussex, has…

Glassnode Sets $120K Price Prediction For 2024

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Bitcoin (BTC), the largest cryptocurrency in the market, has encountered a significant downturn following the waning hype around exchange-traded funds (ETFs), resulting in a 9% decline over the past fourteen days.  However, Glassnode co-founders remain optimistic, asserting that the recent price corrections align with historical patterns and could propel Bitcoin to new heights, nearly doubling its current all-time high (ATH) of $69,000. Healthy Market Correction? In their latest analysis, the co-founders of the blockchain analytics firm posted on X (formerly Twitter), highlighting Bitcoin’s movement to the 6.618 Fibonacci Extension after…

Standard Chartered Bank Maintains Bullish Stance, Predicts Bitcoin Could Reach $120K by 2024

Bitcoin has seen a positive trend over the past few weeks after dropping to a new all-time low last year due to the crypto winter that wiped billions of dollars from the industry. Standard Chartered Bank is doubling down on its Bitcoin (BTC) predictions, suggesting that the leading crypto asset has the potential to soar to $120,000 by the end of 2024. After months of predicting that the crypto asset could reach $100,000 by the end of this year and $120,000 in 2024, the company’s analyst, Geoff Kendrick, said the…

Bitcoin supply shock will send BTC price to $120K — Standard Chartered

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Bitcoin (BTC) is in line to hit $50,000 this year and crack all-time highs in 2024, says Standard Chartered. In a report quoted by media outlets including Reuters on July 10, the banking giant went on record to announce a BTC price recovery. Standard Chartered vs. 2023 BTC price: From $5,000 to $50,000 In the wake of seismic changes in the institutional approach to Bitcoin in the United States, the mainstream narrative around the largest cryptocurrency is shifting rapidly. Standard Chartered, which just last year forecast the BTC price dropping…