Bitcoin Bounces Back But Rally May Stall Here! Two Analysts Reveal What Comes Next
Bitcoin shows signs of recovery after recent turbulence, but technical indicators suggest the upward momentum could hit resistance at current levels.
Analyst Perspectives
First analyst points to key resistance zones that could cap gains, noting institutional flows remain cautious despite the bounce. Second analyst highlights on-chain metrics showing mixed signals—exchange outflows suggest accumulation while derivatives data warns of potential volatility ahead.
Both experts agree the next 48 hours will be critical for determining whether this is a genuine trend reversal or just another dead cat bounce in crypto's endless drama of hope and disappointment.
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As part of the deal, Barrick will regain full control of the Loulo Gounkoto site. The firm will also drop its arbitration claims. In return, Mali will drop its charges and will act to free four staff members who were held during the clash. The nation will also renew the Loulo mine permit for ten years.
As expected, B shares reacted positively to the news, rising by over 8% to close at $39.54.
What It Means for Output and Cash Flow
Next, the company plans to bring the site back to full use. Analysts at BMO Capital Markets said the mine could produce about 670,000 ounces next year if work restarts quickly. The group said this level of output could bring in about $1.5 billion in operating cash flow.
Finally, Mali said it expects about 90 billion CFA francs in yearly dividends from the mine. The nation also expects added income from royalties and its stake. The deal closes a tense period and gives both sides a clear route to steady output once again.
Is Barrick Gold Stock a Buy?
Barrick Mining enjoys the Street’s endorsement with a Strong Buy consensus rating. The average B stock price target stands at $42.59, implying a 7.71% upside from the current price.
