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GeneralMaosSatoshi

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GeneralMaosSatoshi BTC.X 1 year ago #3

Bitcoin's {{BTC}} spot price has surpassed $111,000 and could rise by another 30% to exceed $140,000.
That's the message from the daily price chart of BlackRock's Nasdaq-listed spot bitcoin ETF, known by its IBIT ticker, which shows a bull flag breakout.
The ETF, mandated to closely track the BTC spot price, rose 2.85% on Wednesday, briefly surpassing the May high of $63.70, according to data source TradingView.
The advance reconfirmed the flag breakout seen early this month, a sign that the five-and-a-half-week counter-trend consolidation has ended and the broader uptrend from April lows has resumed