The Strong Case That Bitcoin at 58K Was the Cyclical Bottom
June's ETF flush came first, then an exhaustion low in August that matches the setup behind the 2023 recovery, which is why he calls it a very strong case that Bitcoin's bottom at 58K is in. #Bitcoin #BTC #BitcoinBottom #CyclicalBottom #BitcoinPrice #BitcoinETF #Capitulation #OnChain #CryptoMarket #BitcoinAnalysis…
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Bitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinExchange-traded fund
An investment fund that holds a basket of assets, such as the shares in an index, and trades on a stock exchange like a single share.
ETFs offer low-cost, diversified investing and are a fast-growing way people save.
More about Exchange-traded fundMore in Bitcoin
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