• bitcoinBitcoin (BTC) $ 84,319.00
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  • bnbBNB (BNB) $ 592.21
  • solanaSolana (SOL) $ 133.44
  • usd-coinUSDC (USDC) $ 0.999899
  • cardanoCardano (ADA) $ 0.740129
  • dogecoinDogecoin (DOGE) $ 0.171971
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  • staked-etherLido Staked Ether (STETH) $ 1,909.11
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 84,095.00
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  • the-open-networkToncoin (TON) $ 2.91
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  • wethWETH (WETH) $ 1,910.61
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  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998694
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  • nearNEAR Protocol (NEAR) $ 2.61
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  • cosmosCosmos Hub (ATOM) $ 4.24
  • filecoinFilecoin (FIL) $ 2.87
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  • fasttokenFasttoken (FTN) $ 3.99
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  • lombard-staked-btcLombard Staked BTC (LBTC) $ 84,356.00
  • render-tokenRender (RENDER) $ 3.18
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  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.513220
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,907.82
  • movementMovement (MOVE) $ 0.449787
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  • nexoNEXO (NEXO) $ 1.08
  • xdce-crowd-saleXDC Network (XDC) $ 0.068630
  • makerMaker (MKR) $ 1,172.15
  • sei-networkSei (SEI) $ 0.203197
  • dexeDeXe (DEXE) $ 17.35
  • usual-usdUsual USD (USD0) $ 0.997592
  • blockstackStacks (STX) $ 0.641225
  • injective-protocolInjective (INJ) $ 9.94
  • immutable-xImmutable (IMX) $ 0.547491
  • binance-staked-solBinance Staked SOL (BNSOL) $ 138.80
  • worldcoin-wldWorldcoin (WLD) $ 0.867808
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,144.72
  • flare-networksFlare (FLR) $ 0.015108
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  • theta-tokenTheta Network (THETA) $ 0.890220
  • lido-daoLido DAO (LDO) $ 0.953054
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999914
  • bonkBonk (BONK) $ 0.000011
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 83,881.00
  • paypal-usdPayPal USD (PYUSD) $ 0.999786
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,025.69
  • eosEOS (EOS) $ 0.500347
  • tether-goldTether Gold (XAUT) $ 2,981.73
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  • galaGALA (GALA) $ 0.016519
  • wbnbWrapped BNB (WBNB) $ 590.82
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.998917
  • the-sandboxThe Sandbox (SAND) $ 0.282632
  • bittorrentBitTorrent (BTT) $ 0.00000070
  • stargate-bridged-usdc-berachainStargate Bridged USDC (Berachain) (USDC.E) $ 1.00
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 84,015.00
  • berachain-beraBerachain (BERA) $ 6.24
  • jito-governance-tokenJito (JTO) $ 2.20
  • bitcoin-svBitcoin SV (BSV) $ 33.84
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  • kaiaKaia (KAIA) $ 0.110521
  • msolMarinade Staked SOL (MSOL) $ 169.83
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  • usdx-money-usdxStables Labs USDX (USDX) $ 1.00
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 1,986.81
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  • neoNEO (NEO) $ 7.98
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 145.76
  • pyth-networkPyth Network (PYTH) $ 0.149752
  • resolv-usrResolv USR (USR) $ 1.00
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  • axie-infinityAxie Infinity (AXS) $ 3.21
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  • pumpbtcpumpBTC (PUMPBTC) $ 82,683.00
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  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999899
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,025.82
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.171316
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  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,909.32
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 84,199.00
  • apenftAPENFT (NFT) $ 0.00000043
  • aerodrome-financeAerodrome Finance (AERO) $ 0.533960
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  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 1,911.07
  • arweaveArweave (AR) $ 6.43
  • chilizChiliz (CHZ) $ 0.044212
  • conflux-tokenConflux (CFX) $ 0.083200
  • ecasheCash (XEC) $ 0.000021
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  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 1,909.07
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  • justJUST (JST) $ 0.030179
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  • golemGolem (GLM) $ 0.292277

Cathie Wood’s Ark Invest Predicts $1.5 Million Bitcoin: Are We on the Verge of a Major Breakout?

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Cathie Wood’s Ark Invest Predicts $1.5 Million Bitcoin: Are We on the Verge of a Major Breakout?

  • Ark Invest predicts Bitcoin could reach $1.5 million despite recent price pullback.
  • Bitcoin faces short-term resistance, struggling to break $65,000 amid a 0.6% dip.
  • Golden Cross and bull pennant signals suggest potential for a major Bitcoin breakout.

Cathie Wood’s Ark Invest has predicted that Bitcoin could soar to $1.5 million. As of now, Bitcoin is trading at $63,857, a slight dip of 0.6% in the last 24 hours.

Despite this pullback, Ark Invest’s forecast signals a strong belief in Bitcoin’s long-term potential, sparking fresh interest in the digital asset.

Cathie Wood’s Ark Invest predicts #Bitcoin is going to $1.5 million 🤯 pic.twitter.com/ShJU89WHaR

— Vivek⚡️ (@Vivek4real_) August 24, 2024

Bitcoin Faces Short-Term Challenges

Bitcoin has encountered some hurdles recently, struggling to break through the $65,000 mark. Many analysts had anticipated a rise to at least $68,000, but the cryptocurrency faced a correction before reaching that target.

However, prominent crypto analyst Titan of Crypto has identified signs of a potential breakout. According to Titan of Crypto, Bitcoin is showing a “Golden Cross” on its charts, where the 50-day moving average crosses above the 200-day moving average.

This technical signal is typically considered a precursor to a bullish trend. The recent close above $59,500 is another positive sign, indicating that bullish momentum is building. However, the analyst cautions that Bitcoin must clear additional resistance levels to confirm the uptrend.

Long-Term Prospects: A Bullish Outlook

On a broader scale, TitanOfCrypto sees the formation of a massive bull pennant on Bitcoin’s monthly chart. This pattern, which suggests a period of consolidation followed by a strong upward breakout, could propel Bitcoin to new heights.

Based on this analysis, the analyst sets a price target of $178,000, highlighting the potential for significant gains if the pattern holds true. Ark Invest’s prediction of Bitcoin reaching $1.5 million may sound bold, but it underscores the growing confidence in the cryptocurrency’s future.

As these technical patterns unfold, Bitcoin could be poised for a major move, keeping investors and enthusiasts on the edge of their seats. If the bullish momentum continues, we could witness Bitcoin achieving remarkable new milestones in the coming months.

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