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Collective Shift founder: Bitcoin forms "local bottom" and shows upward trend

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#Bitcoin
$BTC
ForesightNews
334Words
Jul 15, 2024

According to Cointelegraph, Ben Simpson, the founder of Collective Shift, stated that Bitcoin has formed a "local bottom" and is moving towards an upward trend. The price of Bitcoin has been negatively affected by the German government's sale of nearly 3 billion US dollars and the repayment of about 8.50 billion US dollars by Mt.Gox creditors. Additionally, the assassination attempt on former President Trump this week has had a positive impact on the price of Bitcoin, as Trump's supportive stance on cryptocurrencies has boosted market sentiment.

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