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    Bitcoin approaches record high amid geopolitical tensions and BlackRock’s ETF move

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    Bitcoin price rose to $92,700 on November 19, near its highest ever recorded, amid rising tensions between Russia and Ukraine. This surge was also influenced by BlackRock preparing to launch Bitcoin-related ETF options. Traders predict considerable activity around the $93,000 mark, and prices may even reach $94,000 or potentially $100,000. Nvidia’s earnings report due November 20 may further impact the market, with a potential 12% move possible post-announcement. However, the situation is volatile and subject to risks, cautioning investors to do their own research before trading.

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    Bitcoin (BTC) had a wild ride, getting close to record highs on November 19. This was linked to geopolitical issues causing some waves in the world of risky investments.

    To break it down, data from Cointelegraph Markets Pro and TradingView showed a 2.4% increase in the daily BTC price, bouncing back after a little dip when Wall Street opened. It’s worth noting this was happening while tensions were rising between Russia and Ukraine and influenced the stock market.

    Bitcoin soon bumped back up to $92,700, getting within $1,000 of its highest ever recorded price on November 13. A trader named Skew suggested that Bitcoin might be staying in this price range because BlackRock (a super-big investment manager) is gearing up to launch options on an exchange-traded fund (ETF) related to Bitcoin.

    CoinGlass, an asset tracking resource, backed up the idea that most of the selling action involves Bitcoin prices around its existing highs – it could even reach $94,000. Trader Daan Crypto Trades noted there’s a hefty amount of action around the $93k mark and this amount keeps building.

    In light of this, another trader, Justin Bennett, thinks there’s a chance for bullish outcomes in the short term. He’s even suggesting bulls might gun for $100,000.

    But wait, there’s more! Earnings from Nvidia, a huge tech company, are due to be released on November 20. Depending on these numbers, there may be a market shake-up. Some believe a 12% move could be on the cards after these earnings are announced. Nvidia’s earnings are considered to be a big deal – because they are!

    Now, remember mates, this isn’t investment advice or a recommendation. Every investment and trade has risks, and you should always do your own research before making a decision. Chill, learn, and invest wisely.

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