Bitcoin markets are getting slowly cleansed of irrational exuberance with a classic drawdown towards $60,000.
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Bitcoin markets are getting slowly cleansed of irrational exuberance with a classic drawdown towards $60,000.
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SOL has been forming a Bull Pennant following its 14,200% year-to-date price rally.
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BTC is up almost 50% this year overall, brushing aside corrections and increasingly decoupling from the macro environment in Q4.
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Things will get exciting in Q4, but not before a convincing floor is put in across crypto, analysts say this week.
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Meanwhile, the SOL’s latest downside move forms a classic bullish continuation structure, with a profit target above $250.
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The latest bout of buying has pushed SOL/USD’s quarter-to-date gains up by more than 450%.
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It’s all systems go for cracking “final hurdle” resistance for both Bitcoin and Ethereum as the weekend nears.
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The SOL price rally also appeared in the wake of “Ignition,” a global hackathon to build new platforms on the Solana blockchain.
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Traders push their SOL/USD bids higher after Solana teases the community with “ignition,” a mysterious feature that will go live on Aug. 31.
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SOL price keeps rising as the U.S. securities regulator registered a Solana-centric fund for institutional investors and crypto market data network Pyth announced going live on the Solana blockchain.
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