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GateUser-dcb4d0d5

2026-05-21 10:40:04

Double bottom pattern + SpaceX holdings, institutional narrative has been renewed again

SPCX3.06%

View Original

CoinNetwork2026-05-21 10:25:53

Analyst: Trump hints that Iran negotiations are about to end, Bitcoin price forms a double bottom

CoinWorld: Bitcoin stabilizes around $78,000 and forms a double bottom, driven by easing geopolitical tensions, slowing ETF net outflows, and improving indicators, reaching a high of $78,180 intraday. Trump mentions Iran negotiations or potential agreement, which is positive for the Hormuz shipping. SpaceX disclosed holding 18,712 BTC in S-1, indicating Musk's long-term crypto exposure. The weekly chart shows a double bottom at $64k-$66k, with the neckline near $80,000, generally considered a bullish signal.

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