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The latest market downturn has not deterred analysts from sustaining a bullish outlook on the Bitcoin worth. New studies from these market watchers counsel Bitcoin could also be getting into a brand new parabolic part, doubtlessly signaling the top of its extended correction. Whereas one analyst factors to BTC’s correlation with gold as a sign of a potential ATH, one other applies an Elliott Wave evaluation to set a brand new worth goal for the main cryptocurrency.
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