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Market analyst Mati Greenspan believes many people are waiting for Bitcoin to reach $8,500 before buying. He also discusses the growing amount of Bitcoin held unmoved in a single address, the latest bullish signs from China, and whether Ethereum should be classified as an altcoin.

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Cointelegraph covers everything Bitcoin, bringing you the latest news, prices, breakthroughs, and analysis, with emphasis on expert opinion and commentary from the digital currency community.