@lexiondigital🍖
@taye
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**Global Liquidity Surge May Boost Bitcoin**
**By [lex]**
*September 16, 2024*
Raoul Pal suggests that rising global liquidity in the US, Japan, China, and Europe could propel cryptocurrencies and markets like the Nasdaq. As global M2 money supply increases, Bitcoin, which is closely linked to M2, might see significant gains.
Analysts predict a potential three-month rally for Bitcoin, aiming for over $90,000. Titan of Crypto highlights that previous retests of the 50-week moving average have led to substantial gains, with a potential rise to $92,000 if trends continue. However, Bitcoin might experience short-term volatility before the Federal Reserve’s September 18 meeting.
### What’s your view?
- How will rising global liquidity affect Bitcoin?
- Do you think Bitcoin will hit $92,000?
- What impact might the Fed’s meeting have on Bitcoin?
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**Bitcoin Mining Faces Challenges Amid Price Decline**
**By [lex]**
*September 16, 2024*
The Bitcoin mining sector is experiencing difficulties as BTC accumulation slows, with miners reporting their lowest revenues in almost a year this September. This revenue drop may force miners to sell more of their mined Bitcoin to cover costs like electricity and equipment.
Bitcoin’s recent price decline continues a correction trend, having tested the upper trendline of its descending triangle range as resistance. The price target for September is projected around $52,500-$53,000, near the lower trendline. However, if Bitcoin rises above the 50-day and 200-day moving averages, it might break through the upper trendline and target $65,000.
### What’s your take?
- How will declining mining revenues affect Bitcoin’s price?
- Will Bitcoin break through the $65,000 resistance?
- What strategies should miners adopt in this market?
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