The Recent Price Stability of Bitcoin (BTC) Is a Sign of a Forthcoming Price Breakout

The recent price trend of Bitcoin (BTC) hasn’t really played out as a lot of analysts have predicted. The digital currency has been trading within a range over the past weeks, however, it has shown a degree of stability over these weeks. Bitcoin (BTC) has been trading between the $6k and $7k level for quite some time now, and it is yet to break over the $6,800 mark, which a billionaire investor Michael Novogratz predicted would lead Bitcoin (BTC) to the $10k level.

The Current Price Trend of Bitcoin (BTC) Is Similar to That of September Last Year

A chief market analyst at Think Markets UK – Naeem Aslam said that the recent price trend of Bitcoin (BTC) is similar to that of Sept. last year, which apparently started the bull run that caused the value of the coin to test its all-time high.

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Bitcoin (BTC) Price Today – BTC / USD

Name Price24H (%)
Bitcoin (BTC)
$6,497.86
0.57%

The value of Bitcoin (BTC) has been quite stable over the past weeks, ranging from $6,200 to $6,800, strongly supported by the $6k mark. Aslam has said that this price action means that a drastic price rally could be forthcoming. By this time last year, the value of Bitcoin (BTC) also showed a level of stability, trading between the $3k and $4k level before is surged higher in October and continued the trend until early this year.

Hublot Releases New Model, Available for Purchase Only with Bitcoin (BTC)

Hublot – Swiss luxury watchmaker – recently unveils its latest watch dubbed “Big Bang Blockchain.” The firm made the official announcement on the 19th of Sept. The firm released the new model to honor the imminent 10th anniversary of Bitcoin (BTC). According to the firm, the new model is a limited edition with only 210 pieces, and it can only be purchased with Bitcoin (BTC). According to the official announcement of the firm, the number of releases (210 pieces) signifies the total number of BTC that can be in circulation – 21 million.


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