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Is Bitcoin Price Still Underpriced? Trends Show 25% Gap to November Peak

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124px; background-color: #e6e6e6; margin: -15px -15px 0; } .Darktheme .headads { background-color: #303030; } } </style> <div class="custom-post-template"> <div class="singlearticles"> <article id="post-224564" class="post-224564 markets type-markets status-publish format-standard has-post-thumbnail category-price-analysis tag-bitcoin-price-analysis tag-btc"> <div class="row bggraydient "> <div class="col-lg-8 tabwiths1"> <header class="entry-header clearfix"> <div class="row"> <div class="col-lg-12 newtwst"> <!-- custom-page-title--> <div class="custom-page "> <div class="mobile-only text-center mb-2 headads"> <!-- Before_title_Mobile_Dynamic [javascript] --> <script type="rocketlazyloadscript" data-rocket-type="text/javascript"> var rnd = window.rnd || Math.floor(Math.random()*10e6); var pid610696 = window.pid610696 || rnd; var plc610696 = window.plc610696 || 0; var abkw = window.abkw || ''; var absrc = 'https://servedbyadbutler.com/adserve/;ID=180936;size=0x0;setID=610696;type=js;sw='+screen.width+';sh='+screen.height+';spr='+window.devicePixelRatio+';kw='+abkw+';pid='+pid610696+';place='+(plc610696++)+';rnd='+rnd+';click=CLICK_MACRO_PLACEHOLDER'; document.write('<scr'+'ipt src="'+absrc+'" type="text/javascript"></scr'+'ipt>'); </script> </div> <div class="breadcrumb breadcrumbPag mt-lg-0 mt-3"> <span><a href="https://coingape.com/">Home</a></span> / <span class="analytics_category"><a href="https://coingape.com/category/price-analysis/">Price Analysis</a></span> / <span class="breadcrumb_last" aria-current="page">Is Bitcoin Price Still Underpriced? Trends Show 15% Gap to November Peak</span></span> </div> <!-- <div class="pre-textCate"> <a href="https://coingape.com/category/price-analysis/"> Price Analysis </a> </div> --> <h1 class="c-title entry-title tittle">Is Bitcoin Price Still Underpriced? Trends Show 15% Gap to November Peak</h1> </div> <div class="postsummary"> Historical trends hint at a 25% potential surge for Bitcoin price to $100K+ levels, backed by whale accumulation and key breakout patterns. </div> <!-- <div class="new-text-ads"> <div class="static-text-ad"><span class="d-on">Promoted</span><span class="m-on">Ad</span></div> <a href="https://bit.ly/46DurBq" class="text-ads d-on">$PIKA – Fastest-growing GameFi token. 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<div class="row custom-page-row"> <div class="col-md-12"> <div class="keyfeatures"> <p class="kf_font">Highlights</p> <ul> <li>Historical trends indicate that the Bitcoin price could drive a 25% surge before peaking its November rally. </li> <li>Market buyers break out of a 7-month consolidation as exchange outflows surge and a flag pattern emerges.</li> <li>An occasional pullback in BTC price could seek support at a 20-day exponential moving average.</li> </ul> </div> </div> <div class="col-lg-12 col-content"> <div class="main c-content"> <div class="m-on mb-3 tab-off text-center" > </div> <p>On November 11th, the cryptocurrency market experienced a massive inflow as Bitcoin price neared a $90,000 high. This high-momentum rally boosted recovery across major altcoins, positioning them for prolonged recovery. However, historical analysis suggests that the BTC price is still 15% below its potential peak in November and has room for further growth.<p><span style="font-weight: 400;">With <a href="https://coingape.com/crypto-prices-today-nov-11-btc-tops-81k-doge-touches-0-3/">crypto market today</a>, the BTC price had traded at $88,460, with an intraday loss of -0.38%. According to Coingecko, the asset&rsquo;s market cap surged to $ 1.75 trillion, while the 24-hour trading volume wavers at $133.2 Billion.</span></p><div class="mobileAfads m-on"></div><h2>Bitcoin Price Poised for Parabolic Growth with Critical Weekly Close</h2><p><span style="font-weight: 400;">Historically, November has been a strong month for Bitcoin and the broader crypto market, often delivering significant gains. According to <a rel="nofollow" href="https://www.coinglass.com/">Coinglass</a> data, Bitcoin recorded a 450% surge in November 2013, followed by 53% in 2017 and 43% in 2020, solidifying its reputation as a bullish period.</span></p><div class="midadsafter"></div> <!-- WP QUADS Content Ad Plugin v. 2.0.86.1 --> <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;" data-lazydelay="3000"> <div class="ad1"><div class="advertised"><span class="ad-placeholder">advertisement</span></div> </div> <!-- <div id="my-banner-ad" class="d-inline-block"></div> <script type="rocketlazyloadscript"> adClient.showBannerAd({ adUnitId: "34683725-0f88-4d49-ac24-81fc2fb7de8b", containerId: "my-banner-ad" }); </script>--> <!-- AfterFirstParagraphDesk7289x90 [async] --> <script type="rocketlazyloadscript" data-rocket-type="text/javascript">if (!window.AdButler){(function(){var s = document.createElement("script"); s.async = true; s.type = "text/javascript";s.src = 'https://servedbyadbutler.com/app.js';var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n);}());}</script> <script type="rocketlazyloadscript" data-rocket-type="text/javascript"> var AdButler = AdButler || {}; AdButler.ads = AdButler.ads || []; var abkw = window.abkw || ''; var plc591992 = window.plc591992 || 0; document.write('<'+'div id="placement_591992_'+plc591992+'"></'+'div>'); AdButler.ads.push({handler: function(opt){ AdButler.register(180936, 591992, [728,90], 'placement_591992_'+opt.place, opt); }, opt: { place: plc591992++, keywords: abkw, domain: 'servedbyadbutler.com', click:'CLICK_MACRO_PLACEHOLDER' }}); </script> </div> <p><span style="font-weight: 400;">On average, <a href="https://coingape.com/price-predictions/bitcoin-btc-price-prediction/">Bitcoin price prediction</a> has recorded a 44% growth in November over the past decade. As of November 2024, the current price trajectory delivered a 27% surge but still trailed 15% behind average growth potential.</span></p><p><span style="font-weight: 400;">If history repeats, the BTC price could extend its recovery past the $1,00,000 psychological level.</span></p><p> <figure id="attachment_224565" aria-describedby="caption-attachment-224565" style="width: 1456px" class="wp-caption aligncenter"><img decoding="async" class="wp-image-224565 size-full" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201456%20818'%3E%3C/svg%3E" alt="BTC" width="1456" height="818" data-lazy-srcset="https://coingape.com/wp-content/uploads/2024/11/image_2024-11-11_18-13-00.png 1456w, https://coingape.com/wp-content/uploads/2024/11/image_2024-11-11_18-13-00-300x169.png 300w, https://coingape.com/wp-content/uploads/2024/11/image_2024-11-11_18-13-00-1224x688.png 1224w, https://coingape.com/wp-content/uploads/2024/11/image_2024-11-11_18-13-00-768x431.png 768w, https://coingape.com/wp-content/uploads/2024/11/image_2024-11-11_18-13-00-678x381.png 678w, https://coingape.com/wp-content/uploads/2024/11/image_2024-11-11_18-13-00-150x84.png 150w" data-lazy-sizes="(max-width: 1456px) 100vw, 1456px" data-lazy-src="https://coingape.com/wp-content/uploads/2024/11/image_2024-11-11_18-13-00.png" /><noscript><img decoding="async" class="wp-image-224565 size-full" src="https://coingape.com/wp-content/uploads/2024/11/image_2024-11-11_18-13-00.png" alt="BTC" width="1456" height="818" srcset="https://coingape.com/wp-content/uploads/2024/11/image_2024-11-11_18-13-00.png 1456w, https://coingape.com/wp-content/uploads/2024/11/image_2024-11-11_18-13-00-300x169.png 300w, https://coingape.com/wp-content/uploads/2024/11/image_2024-11-11_18-13-00-1224x688.png 1224w, https://coingape.com/wp-content/uploads/2024/11/image_2024-11-11_18-13-00-768x431.png 768w, https://coingape.com/wp-content/uploads/2024/11/image_2024-11-11_18-13-00-678x381.png 678w, https://coingape.com/wp-content/uploads/2024/11/image_2024-11-11_18-13-00-150x84.png 150w" sizes="(max-width: 1456px) 100vw, 1456px" /></noscript><figcaption id="caption-attachment-224565" class="wp-caption-text">Bitcoin Monthly returns| Coinglass</figcaption></figure> </p><h2>BTC Exchange Outflows Surge as Investors Embrace HODLing</h2><p><span style="font-weight: 400;">In a recent tweet, renowned analyst Ali Martinez highlights a substantial outflow of Bitcoins from crypto exchanges amid a recent rally. According to Glassnode data, 40,000 BTC ( worth approximately $3.28 billion) have been withdrawn from exchanges within the past week.</span></p><div class="middleAdsInfinityMobile m-on"></div><div class="middleAdsInfinity d-on"></div><html><body> <!-- WP QUADS Content Ad Plugin v. 2.0.86.1 --> <div class="quads-location quads-ad194629 " id="quads-ad194629" style="float:none;text-align:center;padding:0px 0 0px 0;" data-lazydelay="3000"> <!-- Markets_Textad [js] --> <script type="rocketlazyloadscript" data-rocket-type="text/javascript"> var rnd = window.rnd || Math.floor(Math.random()*10e6); var pid606670 = window.pid606670 || rnd; var plc606670 = window.plc606670 || 0; var abkw = window.abkw || ''; var absrc = 'https://servedbyadbutler.com/adserve/;ID=180936;size=0x0;setID=606670;type=js;sw='+screen.width+';sh='+screen.height+';spr='+window.devicePixelRatio+';kw='+abkw+';pid='+pid606670+';place='+(plc606670++)+';rnd='+rnd+''; document.write('<scr'+'ipt src="'+absrc+'" type="text/javascript"></scr'+'ipt>'); </script> </div> <script>"use strict";function wprRemoveCPCSS(){var preload_stylesheets=document.querySelectorAll('link[data-rocket-async="style"][rel="preload"]');if(preload_stylesheets&&0<preload_stylesheets.length)for(var stylesheet_index=0;stylesheet_index<preload_stylesheets.length;stylesheet_index++){var media=preload_stylesheets[stylesheet_index].getAttribute("media")||"all";if(window.matchMedia(media).matches)return void setTimeout(wprRemoveCPCSS,200)}var elem=document.getElementById("rocket-critical-css");elem&&"remove"in elem&&elem.remove()}window.addEventListener?window.addEventListener("load",wprRemoveCPCSS):window.attachEvent&&window.attachEvent("onload",wprRemoveCPCSS);</script><noscript><link rel='stylesheet' id='quads-style-css-css' href='https://coingape.com/wp-content/plugins/quick-adsense-reloaded/includes/gutenberg/dist/blocks.style.build.css?ver=2.0.86.1' type='text/css' media='all' /><link rel='stylesheet' id='dscf7-math-captcha-style-css' href='https://coingape.com/wp-content/plugins/ds-cf7-math-captcha/assets/css/style.css?ver=6.7.1' type='text/css' media='1' /><link data-minify="1" rel='stylesheet' id='parent-style-css' href='https://coingape.com/wp-content/cache/min/1/wp-content/themes/mh-magazine/style.css?ver=1732619137' type='text/css' media='all' /><link rel='stylesheet' id='bootstrap-css-css' href='https://coingape.com/wp-content/themes/coingapev3/css/bootstrap.min.css?ver=6.7.1' type='text/css' media='all' /><link rel='stylesheet' id='Carousel-css2-css' href='https://coingape.com/wp-content/themes/coingapev3/css/owl.carousel.min.css?ver=6.7.1' type='text/css' media='all' /><link data-minify="1" rel='stylesheet' id='Carousel-css-css' href='https://coingape.com/wp-content/cache/min/1/wp-content/themes/coingapev3/css/owl.theme.default.css?ver=1732619137' type='text/css' media='all' /><link data-minify="1" rel='stylesheet' id='mh-magazine-css' href='https://coingape.com/wp-content/cache/min/1/wp-content/themes/coingapev3/style.css?ver=1732619137' type='text/css' media='all' /><link data-minify="1" rel='stylesheet' id='mh-font-awesome-css' href='https://coingape.com/wp-content/cache/min/1/wp-content/themes/mh-magazine/includes/font-awesome.min.css?ver=1732619137' type='text/css' media='all' /><link data-minify="1" rel="stylesheet" href="https://coingape.com/wp-content/cache/min/1/wp-content/themes/coingapev3/maincss.css?ver=1732619137"><link data-minify="1" rel="stylesheet" href="https://coingape.com/wp-content/cache/min/1/wp-content/themes/coingapev3/mobile.css?ver=1732619137"></noscript></body></html><p><span style="font-weight: 400;">This significant outflow reflects a declining exchange balance, which could indicate increased long-term holding sentiment among investors. The BTC price rally backed aggressive accumulation trend bolstered the potential for a higher rally.</span></p><blockquote class="twitter-tweet"> <p dir="ltr" lang="en">Over 40,000 <a rel="nofollow" href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a rel="nofollow" href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> &mdash; worth about $3.28 billion &mdash; have been withdrawn from exchanges in the past week! <a rel="nofollow" href="https://t.co/ZYSZ9Kt1ok">pic.twitter.com/ZYSZ9Kt1ok</a></p> <p>&mdash; Ali (@ali_charts) <a rel="nofollow" href="https://twitter.com/ali_charts/status/1855920619302330493?ref_src=twsrc%5Etfw">November 11, 2024</a></p></blockquote><p><script type="rocketlazyloadscript" data-minify="1" async data-rocket-src="https://coingape.com/wp-content/cache/min/1/widgets.js?ver=1732619139" charset="utf-8"></script></p><h2>BTC Price Analysis Hints Major Breakout From Flag Pattern</h2><p><span style="font-weight: 400;">Over the past seven months, the Bitcoin price witnessed a stubborn consolidation with the formation of a flag pattern. This sideways trend, resonating between two trendlines, typically benefits the market bulls to recuperate the bullish momentum.</span></p><p><span style="font-weight: 400;"><a href="https://coingape.com/donald-trump-wins-us-elections-will-bitcoin-cross-100k/">Donald Trump&rsquo;s victory</a> in the 2024 presidential election acted as a necessary catalyst for the coin price to give a massive breakout flag resistance. Since last, the coin price showed a significant rally from $67,813 to $87,327, registering a 30% growth.</span></p><html><body> <!-- WP QUADS Content Ad Plugin v. 2.0.86.1 --> <div class="quads-location quads-ad174767 " id="quads-ad174767" style="float:none;text-align:center;padding:0px 0 0px 0;" data-lazydelay="3000"> <!-- Before_LastParagraph_Desk_textad [js] --> <script type="rocketlazyloadscript" data-rocket-type="text/javascript"> var rnd = window.rnd || Math.floor(Math.random()*10e6); var pid700530 = window.pid700530 || rnd; var plc700530 = window.plc700530 || 0; var abkw = window.abkw || ''; var absrc = 'https://servedbyadbutler.com/adserve/;ID=180936;size=0x0;setID=700530;type=js;sw='+screen.width+';sh='+screen.height+';spr='+window.devicePixelRatio+';kw='+abkw+';pid='+pid700530+';place='+(plc700530++)+';rnd='+rnd+''; document.write('<scr'+'ipt src="'+absrc+'" type="text/javascript"></scr'+'ipt>'); </script> </div> <noscript><link rel='stylesheet' id='quads-style-css-css' href='https://coingape.com/wp-content/plugins/quick-adsense-reloaded/includes/gutenberg/dist/blocks.style.build.css?ver=2.0.86.1' type='text/css' media='all' /><link rel='stylesheet' id='dscf7-math-captcha-style-css' href='https://coingape.com/wp-content/plugins/ds-cf7-math-captcha/assets/css/style.css?ver=6.7.1' type='text/css' media='1' /><link data-minify="1" rel='stylesheet' id='parent-style-css' href='https://coingape.com/wp-content/cache/min/1/wp-content/themes/mh-magazine/style.css?ver=1732619137' type='text/css' media='all' /><link rel='stylesheet' id='bootstrap-css-css' href='https://coingape.com/wp-content/themes/coingapev3/css/bootstrap.min.css?ver=6.7.1' type='text/css' media='all' /><link rel='stylesheet' id='Carousel-css2-css' href='https://coingape.com/wp-content/themes/coingapev3/css/owl.carousel.min.css?ver=6.7.1' type='text/css' media='all' /><link data-minify="1" rel='stylesheet' id='Carousel-css-css' href='https://coingape.com/wp-content/cache/min/1/wp-content/themes/coingapev3/css/owl.theme.default.css?ver=1732619137' type='text/css' media='all' /><link data-minify="1" rel='stylesheet' id='mh-magazine-css' href='https://coingape.com/wp-content/cache/min/1/wp-content/themes/coingapev3/style.css?ver=1732619137' type='text/css' media='all' /><link data-minify="1" rel='stylesheet' id='mh-font-awesome-css' href='https://coingape.com/wp-content/cache/min/1/wp-content/themes/mh-magazine/includes/font-awesome.min.css?ver=1732619137' type='text/css' media='all' /><link data-minify="1" rel="stylesheet" href="https://coingape.com/wp-content/cache/min/1/wp-content/themes/coingapev3/maincss.css?ver=1732619137"><link data-minify="1" rel="stylesheet" href="https://coingape.com/wp-content/cache/min/1/wp-content/themes/coingapev3/mobile.css?ver=1732619137"></noscript></body></html><p><span style="font-weight: 400;">If the pattern holds true, the <a href="https://coingape.com/price/bitcoin/">BTC price</a> could reach $1,02,000 high.</span></p><p> <figure style="width: 1946px" class="wp-caption alignnone"><img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%201946%20937'%3E%3C/svg%3E" alt="Bitcoin Price" width="1946" height="937" data-lazy-src="https://s3.tradingview.com/snapshots/j/jXmPW2Gy.png"><noscript><img decoding="async" src="https://s3.tradingview.com/snapshots/j/jXmPW2Gy.png" alt="Bitcoin Price" width="1946" height="937"></noscript><figcaption class="wp-caption-text">BTC/USD -1d Chart</figcaption></figure> </p><p><span style="font-weight: 400;">On the contrary, a Bitcoin price could soon witness an occasional pullback to replenish its buying pressure, potentially selling support at key daily EMAs 20 and 50.</span></p> <!-- WP QUADS Content Ad Plugin v. 2.0.86.1 --> <div class="quads-location quads-ad86313 " id="quads-ad86313" style="float:none;text-align:center;padding:0px 0 0px 0;" data-lazydelay="3000"> <!-- End_Of_Post_728x90 [async] --> <script type="rocketlazyloadscript" data-rocket-type="text/javascript">if (!window.AdButler){(function(){var s = document.createElement("script"); 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document.write('<scr'+'ipt src="'+absrc+'" type="text/javascript"></scr'+'ipt>'); </script> --> </div> </p></p></p></p> <section class="accordion-content mt-4" id="faq"> <h2 class="mb-4 h3 fw7">Frequently Asked Questions (FAQs)</h2> <div class="accordion-item"> <div class="faq-item-header"> <h3 class="faq-item-question"> 1. How much has Bitcoin surged in November 2024, and what is the potential upside? </h3> <div class="faq-item-icon"> <i class="fa fa-angle-down"></i> </div> </div> <div class="faq-item-content" style=""> <div class="faq-item-answer"> As of November 2024, Bitcoin has surged by 17.78%. However, it still trails 25% behind its historical average growth potential</div> </div> </div> <div class="accordion-item"> <div class="faq-item-header"> <h3 class="faq-item-question"> 2. What does the flag pattern formation suggest about Bitcoin’s price action? </h3> <div class="faq-item-icon"> <i class="fa fa-angle-down"></i> </div> </div> <div class="faq-item-content" style=""> <div class="faq-item-answer"> The flag pattern formation, observed over the past seven months, typically signals a continuation of the bullish trend</div> </div> </div> <div class="accordion-item"> <div class="faq-item-header"> <h3 class="faq-item-question"> 3. What is driving the recent Bitcoin rally? </h3> <div class="faq-item-icon"> <i class="fa fa-angle-down"></i> </div> </div> <div class="faq-item-content" style=""> <div class="faq-item-answer"> The recent rally is backed by whale accumulation, increasing trading volumes, and significant exchange outflows</div> </div> </div> </section> <div class="mh-social-bottom"> <div class="mh-share-buttons clearfix"> <a class="mh-facebook" href="#" onclick="window.open('https://www.facebook.com/sharer.php?u=https%3A%2F%2Fcoingape.com%2Fmarkets%2Fhistorical-trend-bitcoin-price-still-25-november-peak%2F&t=Is+Bitcoin+Price+Still+Underpriced%3F+Trends+Show+15%25+Gap+to+November+Peak', 'facebookShare', 'width=626,height=436'); return false;" title="Share on Facebook"> <span class="mh-share-button"><i class="fa fa-facebook"></i></span> </a> <a class="mh-twitter" href="#" 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class="author_Ndata d-flex align-items-center mb-2"> <div class="author_Image"> <img alt='' src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20200%20200'%3E%3C/svg%3E" data-lazy-srcset='https://secure.gravatar.com/avatar/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x' class='avatar avatar-200 photo' height='200' width='200' decoding='async' data-lazy-src="https://secure.gravatar.com/avatar/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g"/><noscript><img alt='' src='https://secure.gravatar.com/avatar/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g' srcset='https://secure.gravatar.com/avatar/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x' class='avatar avatar-200 photo' height='200' width='200' decoding='async'/></noscript> </div> <div class="authorName pl-2">Sahil Mahadik </div> </div> <div class="authodesNew"> Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading </div> </div> <div class="Disclaimer">Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss. </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="col-lg-4 col-md-4 col-sidebar new-sidebar col-width-4" id="s3224564"> <style> .market-price-box { background: #fff; border: 1px solid #707070; padding: 7px 0 10px; font-family: 'Montserrat'; border-radius: 5px; } .Darktheme .market-price-box { background: #181A1B; } .Darktheme .coin-volume-handler { background: #303030; } .coin-image-handler { width: 50px; } .coin-image-handler img{ width:100%; } .text-lightnew { color: #444; } .price-handler { width: calc(100% - 40px); } .coin-container { display: flex; justify-content: space-between; align-items: center; } .price-handler span { font-weight: 700; font-size: 15px; } .price-handler p { font-weight: 500; text-transform: uppercase; } .coin-volume-handler { padding: 7px 0px 9px 39px; background: #dbf4ff; position: relative; } .coin-volume { font-weight: 500; } 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class="fw5 f13 text-darknew text-lightnew"> (24h)</span></span></span> </div> </div> </div> <div class="coin-volume-handler mt-3 mb-2"> <p class="m-0">24 Hours volume</p> <p class="m-0 number-handler">$92.55B</p> </div> <div class="bottom-content-handler d-flex"> <div class="marketcap-pill"> <p class="m-0">Market Cap</p> <p class="m-0 number-handler">$1.83T</p> </div> <div class="max-supply-pill"> <p class="m-0">Max Supply</p> <p class="m-0 number-handler">21M</p> </div> </div> </div> <script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script><script type="rocketlazyloadscript"> var $ = jQuery; var results1 = 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However, it still trails 25% behind its historical average growth potential"}},{"@type":"Question","name":"What does the flag pattern formation suggest about Bitcoin\u2019s price action? ","acceptedAnswer":{"@type":"Answer","text":"The flag pattern formation, observed over the past seven months, typically signals a continuation of the bullish trend"}},{"@type":"Question","name":"What is driving the recent Bitcoin rally? ","acceptedAnswer":{"@type":"Answer","text":"The recent rally is backed by whale accumulation, increasing trading volumes, and significant exchange outflows"}} ] } </script> <script type="application/ld+json"> {"@context":"https://schema.org/","@type":"NewsMediaOrganization","@id":"https://coingape.com#Organization","name":"CoinGape","url":"https://coingape.com","sameAs":["https://facebook.com/coingape","https://twitter.com/coingapemedia","https://www.linkedin.com/company/coingape/"],"logo":{"@type":"ImageObject","url":"https://cdn.coingape.com/wp-content/uploads/2020/02/04134109/Webp.net-resizeimage-min.png","width":"160","height":"50"},"contactPoint":{"@type":"ContactPoint","contactType":"emergency","telephone":"+91-8375972202","url":"https://coingape.com/contact-us/"}} </script> <script type="application/ld+json"> { "@context": "https://schema.org/", "@type": "BreadcrumbList", "@id": "https://coingape.com/markets/historical-trend-bitcoin-price-still-25-november-peak//#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@id": "https://coingape.com", "name": "CoinGape" } }, { "@type": "ListItem", "position": 2, "item": { "@id": "https://coingape.com/category/price-analysis/", "name": "Price Analysis" } }, { "@type": "ListItem", "position": 3, "item": { "@id": "https://coingape.com/markets/historical-trend-bitcoin-price-still-25-november-peak/", "name": "Is Bitcoin Price Still Underpriced? Trends Show 15% Gap to November Peak" } } ] } </script> <script type='application/ld+json'> { "@context": "https://schema.org/", "@type": "NewsArticle", "@id": "https://coingape.com/markets/historical-trend-bitcoin-price-still-25-november-peak/#newsarticle", "url": "https://coingape.com/markets/historical-trend-bitcoin-price-still-25-november-peak/", "inLanguage": "en-us", "headline": "Is Bitcoin Price Still Underpriced? Trends Show 15% Gap to November Peak", "mainEntityOfPage": "https://coingape.com/markets/historical-trend-bitcoin-price-still-25-november-peak/", "datePublished": "2024-11-11T15:08:27+00:00", "dateModified": "2024-11-12T06:18:02+00:00", "description": "Historical trends hint at a 25% potential surge for Bitcoin price to $100K+ levels, backed by whale accumulation and key breakout patterns.", "articleBody": "HIGHLIGHTS Historical trends indicate that the Bitcoin price could drive a 25% surge before peaking its November rally.\u00a0 Market buyers break out of a 7-month consolidation as exchange outflows surge and a flag pattern emerges. An occasional pullback in BTC price could seek support at a 20-day exponential moving average. On November 11th, the cryptocurrency market experienced a massive inflow as Bitcoin price neared a $90,000 high. This high-momentum rally boosted recovery across major altcoins, positioning them for prolonged recovery. However, historical analysis suggests that the BTC price is still 15% below its potential peak in November and has room for further growth.\r\n\r\nWith crypto market today, the BTC price had traded at $88,460, with an intraday loss of -0.38%. According to Coingecko, the asset\u2019s market cap surged to $ 1.75 trillion, while the 24-hour trading volume wavers at $133.2 Billion.\r\nBitcoin Price Poised for Parabolic Growth with Critical Weekly Close\r\nHistorically, November has been a strong month for Bitcoin and the broader crypto market, often delivering significant gains. According to Coinglass data, Bitcoin recorded a 450% surge in November 2013, followed by 53% in 2017 and 43% in 2020, solidifying its reputation as a bullish period.\r\n\r\nOn average, Bitcoin price prediction has recorded a 44% growth in November over the past decade. As of November 2024, the current price trajectory delivered a 27% surge but still trailed 15% behind average growth potential.\r\n\r\nIf history repeats, the BTC price could extend its recovery past the $1,00,000 psychological level.\r\n\r\n\r\nBTC Exchange Outflows Surge as Investors Embrace HODLing\r\nIn a recent tweet, renowned analyst Ali Martinez highlights a substantial outflow of Bitcoins from crypto exchanges amid a recent rally. According to Glassnode data, 40,000 BTC ( worth approximately $3.28 billion) have been withdrawn from exchanges within the past week.\r\n\r\nThis significant outflow reflects a declining exchange balance, which could indicate increased long-term holding sentiment among investors. The BTC price rally backed aggressive accumulation trend bolstered the potential for a higher rally.\r\n\r\nOver 40,000 #Bitcoin $BTC \u2014 worth about $3.28 billion \u2014 have been withdrawn from exchanges in the past week! pic.twitter.com\/ZYSZ9Kt1ok\r\n\u2014 Ali (@ali_charts) November 11, 2024\r\n\r\nBTC Price Analysis Hints Major Breakout From Flag Pattern\r\nOver the past seven months, the Bitcoin price witnessed a stubborn consolidation with the formation of a flag pattern. This sideways trend, resonating between two trendlines, typically benefits the market bulls to recuperate the bullish momentum.\r\n\r\nDonald Trump's victory in the 2024 presidential election acted as a necessary catalyst for the coin price to give a massive breakout flag resistance. Since last, the coin price showed a significant rally from $67,813 to $87,327, registering a 30% growth.\r\n\r\nIf the pattern holds true, the BTC price could reach $1,02,000 high.\r\n\r\n\r\n\r\nOn the contrary, a Bitcoin price could soon witness an occasional pullback to replenish its buying pressure, potentially selling support at key daily EMAs 20 and 50.", "keywords": "Bitcoin Price Analysis, btc", "author": { "@type": "Person", "name": "Sahil Mahadik", "description": "Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading", "url": "https://coingape.com/author/sahil/" }, "publisher": { "@type": "NewsMediaOrganization", "name": "CoinGape", "url": "https://coingape.com", "logo": { "@type": "ImageObject", "url": "https://cdn.coingape.com/wp-content/uploads/2020/02/04134109/Webp.net-resizeimage-min.png", "width": 160, "height": 50 } }, "image": { "@type": "ImageObject", "@id": "https://coingape.com/markets/historical-trend-bitcoin-price-still-25-november-peak/#primaryimage", "url": "https://coingape.com/wp-content/uploads/2024/11/Historical-Trend-Shows-Bitcoin-Price-Still-20-Away-From-November-Peak.webp", "width": 1200, "height": 800, "caption": "Is Bitcoin Price Still Underpriced? 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.bar_6j45wq4km .button_6j45wq4km::after { -webkit-animation-delay: .05s; animation-delay: .05s; -webkit-animation-timing-function: ease-in-out; animation-timing-function: ease-in-out; -webkit-animation-iteration-count: infinite; animation-iteration-count: infinite; } .button-expandable-section_6j45wq4km:hover .circle_6j45wq4km { width: 400px; -webkit-transition: width ease-in-out 0.5s; -o-transition: width ease-in-out 0.5s; transition: width ease-in-out 0.5s; -webkit-transition-delay: 0.3s; -o-transition-delay: 0.3s; transition-delay: 0.3s; } .button-expandable-section_6j45wq4km:hover .circle_6j45wq4km .first-content_6j45wq4km .logo_6j45wq4km { margin-top: 60px; width: 100px; -webkit-transition: all ease-in-out 0.5s; -o-transition: all ease-in-out 0.5s; transition: all ease-in-out 0.5s; } .button-expandable-section_6j45wq4km:hover .circle_6j45wq4km .first-content_6j45wq4km span { opacity: 0; -webkit-transition-delay: 0.5s; -o-transition-delay: 0.5s; transition-delay: 0.5s; -webkit-transition: opacity ease-in-out 0.5s; -o-transition: opacity ease-in-out 0.5s; transition: opacity ease-in-out 0.5s; } .button-expandable-section_6j45wq4km:hover .circle_6j45wq4km .second-content_6j45wq4km { right: 25px; -webkit-transition: all ease-in-out 0.5s; -o-transition: all ease-in-out 0.5s; transition: all ease-in-out 0.5s; -webkit-transition-delay: 0.3s; -o-transition-delay: 0.3s; transition-delay: 0.3s; } .button-expandable-section_6j45wq4km .close_6j45wq4km:hover { cursor: pointer; } .button-expandable-section-mobile_6j45wq4km { width: 100%; position: fixed; bottom: 0; right: 0; } .button-expandable-section-mobile_6j45wq4km a, .button-expandable-section_6j45wq4km a { text-decoration: none; color: white; } .button-expandable-section-mobile_6j45wq4km .bar_6j45wq4km { display: -webkit-box; display: -ms-flexbox; display: flex; -webkit-box-orient: vertical; -webkit-box-direction: normal; -ms-flex-direction: column; flex-direction: column; -ms-flex-wrap: wrap; flex-wrap: wrap; -webkit-box-pack: center; -ms-flex-pack: center; justify-content: center; text-align: center; position: relative; cursor: pointer; height: 75px; background: #1e2024; background-position-x: 0; background-position-y: 0; background-repeat: no-repeat; background-size: 100%; } .button-expandable-section-mobile_6j45wq4km .bar_6j45wq4km .button_6j45wq4km { font-size: 12px; margin-left: 20px; margin-right: 20px; } .button-expandable-section-mobile_6j45wq4km .bar_6j45wq4km .left_6j45wq4km{ margin-right: auto; } .button-expandable-section-mobile_6j45wq4km .bar_6j45wq4km .right_6j45wq4km{ margin-left: auto; } .button-expandable-section-mobile_6j45wq4km .bar_6j45wq4km .left_6j45wq4km > div:first-child { margin-top: 5px; margin-bottom: 5px; margin-left: 20px; margin-right: 20px; } .button-expandable-section-mobile_6j45wq4km .bar_6j45wq4km .center_6j45wq4km > div:first-child { margin-bottom: 6px; } .button-expandable-section-mobile_6j45wq4km .close_6j45wq4km { border-radius: 50%; background: #1e2024; position: absolute; top: -44px; right: 15px; padding: 5px; line-height: 1; font-size: 0; opacity: 1; width: 30px; height: 30px; box-sizing: border-box; cursor: pointer; z-index: 999999999; } .button-expandable-section-mobile_6j45wq4km .coins_6j45wq4km { width: 90px; } @media only screen and (min-width: 992px) { .button-expandable-section-mobile_6j45wq4km { display: none; } .button-expandable-section_6j45wq4km { display: block; } } @media only screen and (max-width: 991px) { .button-expandable-section-mobile_6j45wq4km { display: block; } .button-expandable-section_6j45wq4km { display: none; } } @media only screen and (max-width: 500px) { .button-expandable-section-mobile_6j45wq4km .bar_6j45wq4km .button_6j45wq4km{ font-size: 9px; padding: 8px 8px; } .button-expandable-section-mobile_6j45wq4km .bar_6j45wq4km .title_6j45wq4km{ width: 150px; } .button-expandable-section_6j45wq4km .logo_6j45wq4km, .button-expandable-section-mobile_6j45wq4km .logo_6j45wq4km{ width: 70px; } } </style> <div data-wpr-lazyrender="1" class="d-on"> <div id="spinbtn" class="placement_234323"> <div class="button-expandable-section_6j45wq4km" id="button-expandable-section_6j45wq4km"> <div style="position:relative;"> <a href="https://coingape.com/visit/ext/bcgame-free-spin/" rel="nofollow" target="_blank"> <img width="432" height="144" decoding="async" src="https://coingape.com/wp-content/uploads/2023/03/bcgame-2.png" class="coins_top_6j45wq4km hridhty"> <div class="circle_6j45wq4km"> <div class="first-content_6j45wq4km"> <img width="138" height="138" decoding="async" src="https://coingape.com/wp-content/uploads/2023/03/wheel-normal.png" class="wheel_6j45wq4km"> </div> <div class="second-content_6j45wq4km"> <div class="title_6j45wq4km"> <div> <div class="top_6j45wq4km"><img width="499" height="160" decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20499%20160'%3E%3C/svg%3E" class="title_6j45wq4km" 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decoding="async" src="https://coingape.com/wp-content/uploads/2023/03/x-1.png"> </div> </div> </div> </div> </div> <script type="rocketlazyloadscript">function HideAds() { var xty = document.getElementById("spinbtn"); if (xty.style.display === "none") { xty.style.display = "block"; } else { xty.style.display = "none"; } }</script> <!-- Floating Dynamic [javascript] --> <!-- <script type="rocketlazyloadscript" data-rocket-type="text/javascript"> var rnd = window.rnd || Math.floor(Math.random()*10e6); var pid592726 = window.pid592726 || rnd; var plc592726 = window.plc592726 || 0; var abkw = window.abkw || ''; var absrc = 'https://servedbyadbutler.com/adserve/;ID=180936;size=0x0;setID=592726;type=js;sw='+screen.width+';sh='+screen.height+';spr='+window.devicePixelRatio+';kw='+abkw+';pid='+pid592726+';place='+(plc592726++)+';rnd='+rnd+';click=CLICK_MACRO_PLACEHOLDER'; document.write('<scr'+'ipt src="'+absrc+'" type="text/javascript"></scr'+'ipt>'); </script> --> <script type="rocketlazyloadscript"> jQuery(document).ready(function(){ jQuery(".page-id-5625 .zfooter").html("<a href='https://bit.ly/3bN4ubO' target='_blank' rel='nofollow'><img src='https://cdn.coingape.com/wp-content/uploads/2022/04/11171709/telegramchannel.png'></a><i class='fa fa-times closeFt'></i>"); }); // jQuery(function () { // jQuery(".dragads").draggable({ // containment: "html", // scroll: true // }); //}); // </script> <!-- Footer css --> <style> .footer-tags-container { padding: 15px 0; border-bottom: 1px solid #dfdfdf; font-family: Montserrat; }.Newletterform3 { font-size: 12px; } .footer-tags-p { margin: 0; font-size: 16px; font-weight: 600; color: #1074b7 } .footer-tags-ul { display: flex; flex-wrap: wrap; align-items: center; } .footer-tags-ul > li { font-size: 14px; color: #222; margin-top: 10px; } .footer-tags > ul > li { font-size: 14px; color: #222; margin-right: 0.8rem; margin-top: 0.4rem; border-right: 1px solid #dcdcdc; padding: 0 0.8rem 20px 0; height: 1em; } .footer-tags > ul > li:last-child { border: none; } ul.Lanlist { padding: 0 0 0 3.5rem; margin: -12px 0 0; } .footer-button { padding: 9px; border-radius: 4px; background: linear-gradient(90deg, #B75DFF 3.69%, #937DFF 30.92%, #648FFF 56.16%, #20D2FD 100%); width: 100%; display: block; text-align: center; font-size: 14px; font-weight: 700; color: #14141C; margin-left: 7px; text-transform: uppercase; } .footer-button:hover { color: #fffaf9; text-decoration: none; } .copyrow { padding: 8px 0; } @media only screen and (max-width: 600px){ .footer-new { overflow: hidden; } .footer-tags-container { margin: 0 -10px; padding: 5px 0 0px; } .newfooter { padding: 15px 0 0; } .footer-tags > ul > li { padding: 0 0.4rem 20px 0; } .footer-button { padding: 10px 0; margin: 0 0 0 0px; } .siteCopyright { padding: 5px 0; }.siteCopyright { font-size: 10px; font-weight: 500; } .copyrow { margin: 0 -10px; } .Importantlink li a { font-size: 11px; } } .Googleloginmodel { position: fixed; left: 0; top: 0; display: none; height: 100%; z-index: 999999999999; width: 100%; } .Googleloginmodel.active{ display: block;} .ContainerGoogle { max-width: 590px; margin: 0 auto; background: #fff; position: relative; z-index: 2; padding: 15px; top: 35%; border-radius: 5px; } .savearticle { background: #ffe819; } .savearticle i { color: #000 !important; } .overLaygoogle { background: #0000002b; width: 100%; position: absolute; left: 0; height: 100%; } .tooltipsbk { display: none; width: 200px; background: rgba(0,0,0,.8); -webkit-border-radius: 5px; -moz-border-radius: 5px; border-radius: 5px; color: #fff; font-size: 13px; font-weight: 500; line-height: 1.3; text-align: center; position: absolute; left: 47.3%; -webkit-transform: translateX(-50%); -moz-transform: translateX(-50%); -ms-transform: translateX(-50%); -o-transform: translateX(-50%); transform: translateX(-50%); margin-top: 10px; z-index: 1; padding: 7px 8px; } .savearticle:hover .hoverShow{ display: block;} .myAccount { display: none;} .content_pllist_data { width: 100%; margin: 5px 0 12px; } .content_pllist_data p{ margin: 0 0 10px; font-size: 16px; font-weight: 600; color: #1074b7; } .Darktheme .content_pllist_data p { color: #50B0F0; } .show_hide_pllist_data { cursor: pointer; text-decoration: underline; color: #444; font-weight: 700; font-size: 13px; margin-right: 30px; float: right; } .footLinks { display: flex; flex-wrap: wrap; overflow: hidden; max-height: 20px; transition: max-height 0.5s ease; } .show_hide_pllist_data i{ margin-left: 5px; } .Darktheme .footLinks a { color: #fff; } .Darktheme .show_hide_pllist_data { color: #fff; } .footLinks a { font-size: 14px; color: #444; display: inline-block; box-sizing: border-box; vertical-align: top; position: relative; line-height: 15px; margin-bottom: 10px; border-right: solid 1px #ddd; margin-right: 10px; padding-right: 10px; } .footLinks a:last-child { border-right: none; } /* .footer_text, .bottom-text { font-family: Montserrat; font-size: 0.875rem; font-weight: 400; line-height: 1.64; } */ /* .footer_text a { color: #1074b7; } */ /* .center { position: relative; margin: auto; top: 1px; right: 0; bottom: 0; left: 0; padding: 0 0; } */ /* .footer-number { margin-right: 35px; } */ .footer-number img { width: 28px; } .footer-number span { font-weight: 500; font-size: 16px; } /* .footer-number:first-of-type { margin-right: 35px; } */ /* .footer-background { background: #ffedd0; border-radius: 5px; } .footer-background span { font-size: 14px; font-weight: 600; } */ /* .footer-cardimg img { margin-right: 11px; width: 140px; } */ @media only screen and (max-width: 600px){ .mobile-handler { display: flex; justify-content: space-between; align-items: center; margin-bottom: 10px; } } .footer_text, .bottom-text { font-family: Montserrat; font-size: 12px; font-weight: 500; padding-top: 20px; line-height: 1.64; } .footer_text a { color: #1074b7; } .bottom-text { font-weight: 500; } .center { position: relative; margin: auto; top: 1px; right: 0; bottom: 0; left: 0; padding: 0 0; } .footer-number img { width: 28px; } .footer-number span { font-weight: 500; font-size: 16px; } .footer-number:first-of-type { margin-right: 35px; } .footer-background { background: #ffedd0; border-radius: 5px; } .footer-background span { font-size: 14px; font-weight: 600; } .footer-cardimg img { margin-right: 11px; width: 140px; } /* .bottom-text { font-weight: 500; } */ @media only screen and (max-width: 600px){ .footer-cardimg img { width: 120px; } .footer-number:first-of-type { margin-right: 15px; } .footer-number img { width: 18px; } .footer-number span { font-size: 13px; } } .Darktheme .footer-background { background-color: #ffdeaa; color:#222; } .Darktheme .footer_text a{ color:#50b0f0 !important; } .Newscover { min-height: auto !important;} .footersubscript span { color: #0082CB; font-weight: 600; font-size: 20px; } .footersubsp { font-size: 12px; font-weight: 500; } form.formsubsfooter { display: flex; flex-wrap: wrap; position: relative; } .subFbx { background: #F6F6F6; border: 1px solid #D1D1D1; border-radius: 30px; font-size: 12px; height: 40px; padding: 0 15px; } .btnfsb { background: #34BBFC; border: 0; position: absolute; height: 40px; right: 0; font-weight: 600; border-radius: 40px; font-size: 12px; padding: 0 25px; } .footerSocialL { text-align: center; padding: 0 0 5px; } .footerSocialL .footer-tagsf-p { font-weight: 600; font-size: 14px; position: relative; } .footer-tagsf-p::after { content: ''; position: absolute; /* border: 1px solid #E7E7E7; */ width: 100%; left: 0; top: 11px; height: 1px; background: #E7E7E7; } .footer-tagsf-p span { background: #fff; padding: 0 9px; position: relative; z-index: 2; } .footerSocialL a i { color: #0082CB; font-size: 18px; } .footerSocialL a { background: #F6F6F6; height: 40px; width: 40px; border-radius: 31px;text-decoration: none; /* padding: 6px 0; */ display: flex; justify-content: center; align-items: center; } .newfooterdesign {border-top: 1px solid #E7E7E7; padding-top: 15px;} .Darktheme .newfooterdesign {border-top: 1px solid #5D5D5D;} .footerSocialL .d-flex { gap: 15px; justify-content: center; } .footerfeatures { display: flex; flex-wrap: wrap; padding-top: 20px; } .footer-cardimgd { width: 250px; display: flex !important; flex-wrap: wrap; gap: 20px; } .vistorfooter { width: calc(100% - 250px); padding-left: 34px;display: flex; align-content: stretch; align-items: center; } .footer-cardimgd img { width: 115px; border-radius: 10px; height: auto; }.Langtext2.activelang { border-bottom: 0; border-radius: 14px 14px 0px 0px; /* position: absolute; */ /* top: 12px; */ width: 55px; } .Langtext2 { border: 1px solid #14141C; border-radius: 14px; color: #14141C; font-size: 13px; font-weight: 600; position: relative; padding: 0px 6px; cursor: pointer; width: 55px; } .Lanlistdrop2 { position: absolute; top: 17px; background: #fff; width: 55px; left: 0px; font-size: 13px; border-radius: 0px 0px 14px 14px; padding: 7px 7px; border: 1px solid #14141C; border-top: 0 !important; font-weight: 600; } .footersubscript { padding-top: 20px; }.FlexR1 { display: flex; flex-wrap: wrap; align-content: space-between; height: 100%; padding-bottom: 30px; } .rownewfooter {padding: 15px 0 0;} .footerlinkdata { padding-left: 30px; } .Lanlistdrop2 { display: none;} .logoLang { display: flex; flex-wrap: wrap; gap: 15px;justify-content: space-between; align-items: center; }.Lanhdropwdown2 { position: relative; } .Darktheme .footerSocialL a { background: #313131; } .Darktheme .footer-tagsf-p::after { background: #454545;} .Darktheme .footer-tagsf-p span { background: #181a1b;} .Darktheme .footerSocialL a i { color: #B9E5FE;} .Darktheme .footerSocialL a path { fill: #B9E5FE; } .Darktheme body .footer-button { color: #14141C !important;} .Darktheme .Lanlistdrop2 { background: #181a1b; border: 1px solid #ffffff;} .Darktheme .subFbx { background: transparent; border: 1px solid #7BD2FE; } .Darktheme .Langtext2 { border: 1px solid #ffffff; color: #ffffff; } .footer-tags-N 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