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Bitcoin price pulled back slightly after nearly retesting its all-time high of $73,800 on Oct. 29.
Bitcoin trading at $71,800 as crypto analysts predicted an eventual bullish breakout in the coming days.
In an X post, Mando CT, a crypto trader with over 600,000 followers on X and 300,000 on YouTube, predicted that the bull run was gaining momentum. He also noted that bullish sentiments in the crypto industry were “loud and clear.”
Other analysts have expressed optimism that the coin will continue its strong bull run. In an X post, Peter Brandt, a popular trader, noted that the coin was nearing a breakout, which would be confirmed if the price moves above the key resistance point at $76,000.
Meanwhile, Bitcoin’s rally has been accompanied by rising futures open interest, reaching $44 billion, the highest level on record. Additionally, the crypto fear and greed index has jumped to 67, indicating a “greed” sentiment.
Seasonality is also in Bitcoin’s favor. 2 replies
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