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Kraken predicts $96K BTC price top as analyst says $1T Bitcoin market cap is ‘now cemented’

Published 11/09/2021, 08:25 AM
Updated 11/09/2021, 10:00 AM
© Reuters.
BTC/USD
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BTC/USD
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Bitcoin (BTC) could nail the now-popular $98,000 price target — but it could end up being the cycle top, new research argues.

In its “,” major United States exchange Kraken said that Bitcoin should reach around $96,000 if this quarter copies the last bull run.

Bitcoin Q4 returns comparison chart. Source: Kraken
Bitcoin upper Bollinger Band, 1-month RSI vs. BTC/USD chart. Source: Kraken

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