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Price analysis 1/11: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI Cointelegraph via biedex.markets

Whale Addresses Have Bought $726 Million in BTC in the Past 9 Days
Whale Addresses Have Bought Million in BTC in the

© Reuters

Crypto and stock markets are usually forward-looking. Meaning, traders tend to ignore the near-term negatives and focus on the positives down the line. With Bitcoin’s (BTC) next halving in 2024, analysts are shifting their attention to this event.

Independent market analyst Rekt Capital highlighted this unique market dynamic in 2015 and 2019, a year before halving, rallied 234% and 316% respectively. If history repeats itself, Bitcoin’s price action may spring a surprise in 2023.

Daily cryptocurrency market performance. Source: Coin360

BTC/USDT daily chart. Source: TradingView
ETH/USDT daily chart. Source: TradingView
BNB/USDT daily chart. Source: TradingView
XRP/USDT daily chart. Source: TradingView
ADA/USDT daily chart. Source: TradingView
DOGE/USDT daily chart. Source: TradingView
MATIC/USDT daily chart. Source: TradingView
LTC/USDT daily chart. Source: TradingView
DOT/USDT daily chart. Source: TradingView
UNI/USDT daily chart. Source: TradingView

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Written by Sandy Sullivan