🚀🚀🚀 Bitcoin Whales Unload 50,000 $BTC , Market Braces for Potential Surge 🚀🚀🚀

Bitcoin, currently trading at $43,579.89, maintains its leading position with a market cap of $853,174,469,414. Surpassing 50 million non-zero-balance addresses, Bitcoin signals growing user adoption, with an average holding per user around $16,000, hinting at potential future price implications. Market indicators show a neutral Relative Strength Index (RSI) at 57.28, while the Moving Average Convergence Divergence (#MACD ) reflects bullish momentum, with positive shifts suggesting upward movement.

Matrixport's research suggests Bitcoin could exceed $50,000 by January 2024, contingent on the U.S. #SEC approving spot Bitcoin #ETFs , a scenario the firm assigns a 95% probability. Historical data, particularly the significant price increase post the CME Group's Bitcoin Futures launch in 2017, supports this projection. Additionally, Matrixport anticipates a potential Christmas breakout, historically a period of modest gains for Bitcoin.

Source - coinedition.com

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