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Bitcoin: Why New Investor Confidence Could Drive Prices Higher
Optimistic sentiment fuels the soaring stock prices! Bitcoin breaks through the 0.064 million mark, overlaid with strong bullish views from Morgan Stanley, leading several bitcoin miners to rise before the market open.
Morgan Stanley has started covering multiple bitcoin miners in recent reports, and has given them an 'outperform' rating compared to large caps.
Glassnode: Where is the new capital flowing to? How is the investor confidence?
After the Federal Reserve cut interest rates by 0.5%, bitcoin has reclaimed the cost basis for short-term holders. If the price also stays above the 200-day moving average of $0.639 million, this rebound may have technical significance.
Bitcoin (BTC) price decrease: Is the upward trend still safe?
Bitcoin (BTC) price decrease: Is the upward trend still safe?
Bitcoin prices are expected to rise significantly - Blackrock's head of cryptos referred to BTC as a "safe haven" asset.
Blackrock's digital assets manager, Robbie Mitchnick, recently emphasized the potential of Bitcoin as a "safe haven" asset.
Bitcoin MVRV Ratio at a Crucial Retest: Do Bulls Still Have a Chance?