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Bitcoin’s resurgence towards the $73000 mark might herald the initiation of what analysts term as the ‘escape velocity’ phase.

May 23, 2024

Bitcoin’s resurgence towards the $73000 mark might herald the initiation of what analysts term as the ‘escape velocity’ phase. The potential resurgence of Bitcoin to the $73,000 threshold may signify the onset of its journey towards what analysts term as the “escape velocity” phase. This term, borrowed from astrophysics, denotes the critical speed necessary for an object to break free from the gravitational pull of a celestial body without additional propulsion. In a recent market analysis, crypto analyst James Check posited that reclaiming the $73,000 price level could propel Bitcoin into this accelerated phase. Check’s assessment revolves around the Short-Term

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