Bitcoin Weekly Forecast: Will BTC manage to recover from recent market turmoil?

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Bitcoin Nouvelles

Cryptocurrencies,Technical Analysis

Bitcoin (BTC) recovers to $67,000 on Friday after finding support around $63,500 a day before.

Mt. Gox continues moving Bitcoin to exchanges for repayments to creditors. US spot Bitcoin ETFs registered inflows this week, suggesting confidence among investors. Donald Trump will speak at the Bitcoin Conference on Saturday, while Kamala Harris will not attend. On-chain data shows a positive exchange inflow, suggesting selling pressure. Bitcoin recovers to $67,000 on Friday after finding support around $63,500 a day before. Still, BTC losses over 1.50% on the week as Mt.

And also tweeted, Choice is simple really, Trump Pump or Biden Dump? Donald Trump's endorsement of crypto and his upcoming speech at the Bitcoin Conference could further bolster his appeal among voters who are actively involved in cryptocurrency investments. Additionally, the conference will feature notable speakers, including Cathie Wood, Founder and CEO of ARK Invest; Michael Saylor, Executive Chairman of MicroStrategy; and Robert F. Kennedy Jr.

 

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