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Has The Bitcoin Bull Run Begun? Here's Where BTC Price is Heading Next

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Has The Bitcoin Bull Run Begun? Here's Where BTC Price is Heading Next

Renowned cryptocurrency analyst Eric Krown Crypto has discussed Bitcoin’s recent performance, suggesting that the digital currency is poised for a rally. In his latest analysis, Krown points to several key indicators that signal a shift in momentum for Bitcoin.

According to Krown, Bitcoin’s price action has finally begun to show signs of a rally after a period of sideways movement. He notes that the cryptocurrency has managed to stay above critical support levels, indicating bullish sentiment among investors.

What Next For BTC Price?

One of the key factors contributing to Krown’s optimism is Bitcoin’s position above the $43,500 mark. He explains that as long as Bitcoin maintains this level, the bullish outlook remains intact. Krown also identifies a potential target of $54,500 for Bitcoin in the near term based on technical analysis and market trends.

Krown stresses the importance of monitoring technical indicators. According to Krown, these indicators suggest that Bitcoin could experience further upside momentum in the coming days.

He believed this could be the bounce the market has anticipated. However, he warned that it’s unclear whether this bounce signifies an actual reversal or is merely a trap. He referred to the current situation as a “Kill Zone,” indicating that it’s a critical juncture where many traders may become overly bullish or bearish based on short-term movements.

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Fake Rally Or Real Bull Run?

The analyst said that in the near term, there could be a downward move towards $40,000. He also opened up about the ambiguity surrounding Bitcoin’s price action, posing whether it will reach $55,000 or drop to $30,000. He warned that while statistical analysis may lean towards the downside, the situation still evolves.

Despite his bullish stance, Krown advises caution and encourages investors to wait for confirmation from the market before making any significant trading decisions. At the time of writing, Bitcoin is trading close to the $44k level.

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Ripple Warns of Crypto Fraud Spike as XRP Users Face Holiday Traps

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Ripple Warns of Crypto Fraud Spike as XRP Users Face Holiday Traps
Ripple is escalating its defenses against a surge of XRP fraud as deepfake-driven scams intensify, spotlighting rising holiday-season risks and the company’s expanding threat-mitigation network that is sharply reducing successful crypto impersonation attacks.
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Scam so convincing victim ignores police, puts thousands into Cryptocurrency ATM

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Scam so convincing victim ignores police, puts thousands into Cryptocurrency ATM

​WESTLAKE, Ohio (WJW) — Police in Westlake said a computer scam artist was so convincing in the story he pitched to an elderly victim that she put thousands of dollars into a Cryptocurrency ATM, even after store employees and officers pleaded with her to stop.

On Nov. 26, police were alerted by an employee at a Marathon convenience store on Center Ridge Road that a 71-year-old woman was feeding a large amount of cash into a Bitcoin ATM, while speaking with someone on her cell phone. The employee warned the woman that it appeared she was the target of a scam, but she refused to listen and kept pumping money into the machine.

On body camera video obtained by Fox 8 News, an officer approached the woman and told her, “We deal with this all the time, stop what you’re doing, I’m telling you, stop. If somebody tells you to do this, you are being scammed.” The woman responded, “They’re on the phone; they can hear everything.” The officer then told her, “Right, and they’re scamming you.”

However, the 71-year-old ignored repeated warnings from officers, after being persuaded by a scammer posing as a bank fraud investigator, that she needed to put $18,000 into the crypto machine, or risk having her life savings stolen from her account.

The officer told her, “Stop what you’re doing, you’re going to lose this money. They’re lying to you; that’s not how it works, I promise you. They’re lying, they don’t tell you to go to a gas station and go buy Bitcoin, I’m telling you, you should stop what you’re doing.”

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Officers eventually convinced the woman to stop putting cash into the ATM, but not before she lost $5,500.

The victim later told investigators the elaborate scam began earlier that day, when she received a pop-up message on her computer, indicating it was infected with a virus. A number was provided to get help, which put her in the clutches of the scam artist.

WPD Captain Jerry Vogel told Fox 8,  “She sees the pop-up, so she knows that there is an issue. Unfortunately, now the scammers use that and say, ‘Hey, it looks like maybe someone has been planting pornography or some other illicit material on your computer, you’re going to be in some trouble if you don’t get this money out of your bank and put it into a crypto machine.”

The scammer told the victim that bank employees would ask her questions about why she was taking out so much money from her account. He even gave her a story to tell, which was that she needed the cash to buy a car.

The woman told detectives, “He said, ‘Do this, do that, go here, go there.’” The final piece of the scam came when the con artist sent a QR code to the victim’s phone, which she used to direct the funds loaded into the ATM to his crypto account.

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“They weave these stories so well that the victims really believe they need to do this immediately,” said Captain Vogel.

While there is no guarantee the victim will be able to recover the money she put into the ATM, detectives were able to use new technology to immediately freeze the crypto wallet being used by the scammer. It’s part of an ongoing battle between law enforcement and cyber criminals.

According to Captain Vogel, “We take one step forward, they take another step forward, so it’s a cat and mouse game.”

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Massive 700M Euro Crypto Operation Unravels With International Raids

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Massive 700M Euro Crypto Operation Unravels With International Raids
European authorities shut down a vast crypto-fraud engine responsible for hundreds of millions in illicit flows, marking a major blow to criminal networks exploiting digital assets and exposing how deeply coordinated scams infiltrated the continent.
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