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Bitcoin Strengthens as Bullish Indicators Suggest Q4 Rally Ahead
Bitcoin is resilient as leverage decreases while bullish signs grow across the market.
Institutional interest continues to rise with some of the largest banks conducting trials with crypto collateral and widespread adoption.
Analysts predict a breakout as technical patterns improve and investment sentiment returns.
The crypto market is attempting to recover after weeks of turbulence. Several technical indicators are now flashing positive, analysts say. Bitcoin stands strong in the face of a recent sell off. Institutional developments are also inspiring confidence. It could bring a huge rebound in the remainder of the year, experts say. Price action is being monitored closely as momentum gains across major digital assets.
Fundstrat’s Tom Lee had an interview with CNBC talking about what he thinks is now going on in the market. He was not just positive about trading cryptocurrency, but also the stock market. His perspective comes after a major disruption earlier this month.