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Will The Bitcoin Price Repeat the November 28 ATH Pattern of 203 and 207 in 2024?


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Published in Stocks and Investing on Wednesday, November 27th 2024 at 17:41 GMT by Thomas Matters   Print publication without navigation

  • Historically, Bitcoin has achieved all-time highs (ATH) on November 28 in both 2013 and 2017. With November 28, 2024, imminent, investors are speculating whether Bitcoin could reach the $100,000 mark on this significant date.

The article from Bitcoin Magazine discusses the potential for Bitcoin's price to follow historical patterns observed in 2013 and 2017, where significant price peaks occurred around November 28. In 2013, Bitcoin hit an all-time high (ATH) of $1,163, and in 2017, it reached $19,870 on the same date. The author speculates whether this pattern might repeat in 2024, especially given the upcoming Bitcoin halving in 2024 which historically has led to increased interest and price surges. The article explores various market analyses, including the effects of the halving, the current market sentiment, and technical indicators like the RSI and moving averages, suggesting that while history doesn't always repeat, it often rhymes. It also mentions the increased institutional interest and regulatory developments that could influence Bitcoin's price trajectory, questioning if these factors could lead to a similar or even more pronounced peak in 2024.

Read the Full Bitcoin Magazine Article at [ https://bitcoinmagazine.com/markets/will-the-bitcoin-price-repeat-the-november-28-ath-pattern-of-2013-and-2017-in-2024 ]

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