According to weisscrypto, $BTC is on the verge of a bullish breakout which is further emphasized by hash rate data from ki_young_ju
Ju, who was responding to a tweet by on-chain analyst Charles Edwards who said Bitcoin institutional adoption was reaching new frenzied levels, asserted that the growth was essentially thanks to Foundry, the biggest BTC mining pool operator. Bitcoin proponents have not been left out of expecting BTC to rally in the near future. Recently, MicroStrategy's CEO, Michael Saylor,
billionaire hedge fund manager Ray Dalio of the numerous advantages of Bitcoin over legacy financial systems. that he now recommends BTC over investing in real estate. Despite the bull signals in the market, bulls have been warned that volatility may persist in the market. "Bitcoin bulls need to show extended strength this week to increase the chances of a bullish Q4. Hence, I am anticipating increased volatility following the months of range-bound trading, consolidation and prolonged negative funding rates," the Weiss report said.
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