Bitcoin Price Surges Above $104,000
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Bitcoin priceCoinGape
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Business & Economics
Bitcoin Price Outlook: 2.5M BTC Age Consumed Confirms Peter Brandt’s $150,000 Prediction
74% Informative
Bitcoin price rose 2% to $ 104,000 as successful trade talks between US and China renewed global market confidence.
Spot Bitcoin ETFs saw $261M in inflows, with BlackRock and Fidelity leading the charge.
On-chain metrics confirm strong hands, with Bitcoin Age Consumed falling, signaling LTH conviction and low sell pressure.
Veteran analyst Peter Brandt ’s forecast of Bitcoin reaching $ 150,000 may be closer than previously expected.
Bitcoin Age Consumed plunging to from 43 million to 2.5 million over the past week validates bullish sentiment.
Long-term investors have opted to sit on their holding, likely anticipating further gains, with several macro catalyst still active.
Bitcoin age consumed plunges to 43 million , giving room for upside continuation toward Brandt 's projected $ 150,000 target.
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