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What will happen to Bitcoin next week On Sunday, November 17, Bitcoin is trading at $91,000, last week the rate exceeded $90 thousand for the first time. The price of the main cryptocurrency has grown by more than 14% in a week. Technical analysis of the Bitcoin price chart indicates the continuation of the upward trend, analysts surveyed by RBC-Crypto note, predicting a change in the rate for the next week. There are about 9% left to the psychologically important level of $100,000. Next week, the growth rate may slow down, but the general background and investor sentiment will remain at a high level of risk appetite. The fear and greed index is in the "extreme greed" zone and corresponds to investor sentiment in the spring of 2024. If Bitcoin's growth rate slows down, we can expect an increase in trading volumes of memecoins and other altcoins, which have so far been inferior to Bitcoin in terms of growth rates. 4 replies
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