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BTCUSDT
Long Entry 111,123.0000 2025-09-03 02:15 UTC
Target 120,000.0000 Fail 107,342.0000
Risk/Reward 1 : 2
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BTCUSDT
Cryptocurrency
Fundamental
1H
Analysis Predict Bull Market
The video presents a positive outlook on both Bitcoin and gold, driven by anticipated inflation stemming from government actions, particularly citing those observed since 1971. The analyst highlights statements from Coinbase's CIO regarding Middle Eastern countries' increased involvement in Bitcoin. It mentions that gold has broken out above $3,500 an ounce reaching all-time highs, surpassing Bitcoin in year-to-date performance, and silver is also up, trading for over $40 an ounce. The analysis points to the dwindling strength of the dollar as a global reserve currency in the video. Also it recommends acquiring Bitcoin as well, due to its inherent scarcity relative to gold and the potential effect of gold's positive movement having on the crypto. A target of $120000 is set for Bitcoin. The video analyzes a chart with Bitcoin up 977% since 2020, against Gold up 83%.
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