BTCUSDT - BINANCE
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+0.00 (+0.00%)
Industry: Cryptocurrency
Waiting for price...
Volatility and upside have been declining with each Bitcoin halving cycle, but the new dynamics may not be permanent, according to Galaxy's Alex Thorn.
The Iranian government chose Bitcoin as a payment method for oil tolls due to its confiscation-resistant properties, but only dollar stablecoins have been used so far.
Bitcoin pole vaulted to $78,000 and altcoins soared after Iran said that the Strait of Hormuz was fully open. Will bulls be able to sustain the upward momentum?
Bitcoin price has entered the breakout stage of a classic bullish reversal pattern and is now eyeing a run toward $90,000.
Bitcoin consolidates between $73,000 and $75,000 as liquidations trigger a short squeeze, but weak spot demand keeps the upside momentum in check.