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Is Bitcoin Price Gearing Up for $100K as BTC Whales Absorb 300% New Supply?

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Summary
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67% Informative

Current market price data shows renewed buying activity from large Bitcoin (BTC) holders, sparking talk of a potential rally.

According to the market outlook, whales are now buying around three times more Bitcoin than what is being mined daily .

With shrinking Bitcoin supply, the expectation of a price breakout is high - Other market signals forms a comprehensive catalyst for price rally.

Bitcoin is testing its 50-day and 200-day exponential moving averages as resistance.

VR Score

48

Informative language

35

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57

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formal

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English

Language complexity

36

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Time-value

short-lived

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