Argentina’s Bitcoin Lease Agreements Propel Bullish Momentum

Azeez Mustapha


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Argentina's Bitcoin Lease Agreements Propel Bullish MomentumIn tandem with this groundbreaking Bitcoin lease agreement in Argentina, there’s a potential bullish upswing for the coin. President Javier Milei’s executive order enabling diverse asset settlements, including Bitcoin, signals a transformative shift. Amid legal reviews, the prospect of more contracts being denominated in Bitcoin adds to the cryptocurrency’s positive outlook.

This move allows tenants and landlords to sidestep the fluctuating Argentine peso, presenting a favorable scenario for Bitcoin’s future surge. As the country explores novel avenues for crypto adoption, the broader implications suggest an optimistic trajectory for Bitcoin’s value, aligning with its potential upward trend.

Key Bitcoin Levels To Watch – January 14

Argentina's Bitcoin Lease Agreements Propel Bullish MomentumAccording to the MACD (Moving Average Convergence Divergence), BTCUSD flipped bullish on September 28, 2023. This marked the beginning of the ongoing overall trend of the market.
The market is currently rallying alongside diagonal support. Owing to the pressure from the $48240.00 resistance, BTCUSD might face a major correction. However, the bullish trend is likely to resume at $38450.00.

BTC/USD Key Levels

Resistance Levels: $48240.00, $52100.00, $57650.00 
Support Levels: $38450.00, $31860.00, $24900.00

BTC Metrics

Total Market Capitalization: $1.69T 
Bitcoin Market Capitalization: $841B
Bitcoin Volume: $13.5B
Market Rank: #1

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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