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Bitcoin (BTC) is showing strong signs of a bullish trend, with recent investor profits reinforcing market optimism. A notable case involved an investor who sold 265.89 BTC for $17.5 million after holding it for two years. Originally bought on Bitfinex, the sale resulted in a $11.28 million profit, representing an 181% return on investment (ROI).
Experienced Investors Capitalize on Bitcoin’s Price Surge https://t.co/hPjVUJpgao
— COINTURK NEWS (@Cointurknews) October 1, 2024
This showcases Bitcoin’s ability to generate significant long-term returns, which continues to attract both institutional and individual investors. As Bitcoin holds nearly half of the total cryptocurrency market value, its consistent price growth strengthens its position as a reliable asset. Analysts believe the growing demand for Bitcoin, alongside its historical performance, will keep pushing its price upwards, fueling further bullish momentum in the market.
Key Bitcoin Levels To Watch – September 30
BTCUSD broke above the 9-day moving average, signaling renewed bullish strength. A break above the descending trendline near $65000 could confirm continued upward movement toward the $70000 resistance zone.
The MACD (Moving Average Convergence Divergence) shows positive momentum, supporting this bullish bias. A short-term pullback to the 60000 level may occur before the next rally.
BTCUSD Key Levels
Resistance Levels: $66550, $70000, $73840
Support Levels: $56500, $52530, $49050
BTC/USD Metrics
Total Market Capitalization: $2.26T
Bitcoin Market Capitalization: $1.26T
Bitcoin Volume: $33.26B
Market Rank: #1
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