Bitcoin Bulls Beware: Deutsche Bank Survey Sparks Fears Of Plunge Below $20,000

A recent consumer survey by Deutsche Bank revealed a split sentiment regarding the future trajectory of Bitcoin’s price. While grim, this outlook comes when Bitcoin has been on a rollercoaster ride.

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Crypto Optimism Prevails: Bitcoin’s Buy Signals Surge Despite Ongoing Market Dip

Amid a recent downturn in the overall cryptocurrency market, Bitcoin has seen a notable retracement, shedding nearly 10% of its value over the past week. This decline has extended further in the past 24 hours, with Bitcoin’s price currently hovering around $65,353.

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Bitcoin Heads to $50,000 As Selling Pressure Decreases

Bitcoin (BTC) displays a promising uptrend, inching closer to $45,000. This surge is significantly attributed to reduced selling pressure, particularly from Bitcoin miners who have scaled back their daily sales from over 800 BTC in late 2023 to below 300 BTC in early 2024.

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