Tag Archives: BTC

Bullish Bitcoin (BTC) Inch Close to $4,500 as Tech Leader Says it is Better than Paper Money

Bitcoin Price Analysis: $3,800 is Definitive for BTC

  Bitcoin prices are trending higher, up 8.1 percent in the last week Elon Musk says Bitcoin and crypto is brilliant for value transfer Transactional volumes high, behind recent higher highs   Adoption is on the rise, and it is at this juncture that Elon Musk has reasons to believe that Bitcoin is brilliant and a better tool for value transfer. As an influencer, this is bullish, and as long as prices are on the rise, we expect momentum to build up. Bitcoin (BTC) Price Analysis Fundamentals […]

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Bitcoin Price Watch: Pullback In BTC Before Fresh Increase

Bitcoin Price Watch: BTC At Continued Risk of Weakness

Bitcoin price extended gains above $3,900 and traded close to the $4,000 resistance against the US Dollar. The price traded as high as $3,973 and later started a downside correction. There is a short term breakout pattern in place with support at $3,875 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to correct further lower towards the $3,830 or $3,800 support levels before fresh increase. Bitcoin price failed to surpass the $4,000 resistance and corrected lower against the US […]

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Could Bitcoin ETN’s Large Premium to BTC be a Sign of Institutional Buying?

Bitcoin (BTC) Stable Above $3,600, But Analysts Warn That Further Losses are Likely

Over the past year discussions of a Bitcoin ETF being approved by regulatory authorities in the US has dominated the news cycle and has even – on multiple occasions – impacted the markets. Many investors and analysts believe that the approval of a BTC ETF will lead to an influx of investors as it would place the cryptocurrency in front of all traditional equity investors. Although the status and potential effect of a Bitcoin ETF remains unknown, there already exists and exchange-traded product that allows investors to […]

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Bitcoin Price Skyrockets, But BTC Faces Growing Resistance Around $4,000

Bitcoin Experiences Unusual Trading Volume Spike as BTC Continues Trading Sideways

Bitcoin has been able to maintain its upwards momentum that it incurred a few days ago and BTC has now pushed up to $4,000. This upwards price move has been fueled by a surge in trading volume, but one analyst is now importantly noting that trading volume over high-time-frames must improve in order for an upwards price move to be sustained long-term. Other analysts are also importantly noting that Bitcoin is now beginning to establish $4,000 as a level of resistance, which could prove to be a […]

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Bitcoin Price Watch: BTC Turned Buy On Dips, Uptrend Intact

Bitcoin Price Analysis: $3,800 is Definitive for BTC

Bitcoin price formed a strong support near the $3,550 level and traded higher against the US Dollar. There was a break above a major bearish trend line with resistance at $3,610 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair broke the $3,650 and $3,700 resistance levels to move into a positive zone. A high was formed at $3,732 before the price started a downside correction. Bitcoin price gained traction and broke the key $3,600 resistance against the US Dollar. BTC is […]

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Bitcoin Price Weekly Analysis: BTC Signaling Bullish Continuation, $4K Incoming?

Bitcoin Price Weekly Analysis: BTC Could Accelerate Gains Above $3,850

Bitcoin price started a downside correction after a sharp move towards $3,750 against the US Dollar. The price corrected lower and tested the $3,540-3,530 support area, where buyers emerged. Later, there was a break above a key bullish flag with resistance near $3,570 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is placed nicely in a positive zone and it could continue to move higher towards $3,650 and $3,800. Bitcoin price is slowly gaining bullish momentum against the US Dollar. BTC/USD […]

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Bitcoin (BTC) Validation as Jamie Dimon’s Sentiment Shift

Bitcoin Price Weekly Analysis: BTC Could Accelerate Gains Above $3,850

Bitcoin prices ranging with clear supports at $3,400-500 zone JP Morgan and Chase rolls out a stable coin, JPM Transactional volumes average 10k, not enough to trigger buyers into action With the release of a banker’s stable coin, JPM Coin, crypto is technically valid. As such, we expect more bankers to follow suit endorsing the tech. That may help resuscitate Bitcoin (BTC) prices and lift them above $3,800 complete with high market participation. Bitcoin (BTC) Price Analysis Fundamentals Eventually, everybody does go down the endless rabbit hole […]

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Bitcoin (BTC) Stable Above $3,600, But Analysts Warn That Further Losses are Likely

Bitcoin (BTC) Stable Above $3,600, But Analysts Warn That Further Losses are Likely

Bitcoin has continued to express stability around its current price levels in the low-$3,600 region. Despite being stable currently, BTC has not been able to garner any buying pressure at its current prices, which may signal technical weakness. Now, analysts are claiming that Bitcoin may see further losses in the near-term, as its price has not yet seen any surge that would signal that it was previously oversold. Bitcoin Fails to Find Buying Pressure at Current Price Levels  At the time of writing, Bitcoin is trading down […]

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Bitcoin Price Watch: BTC Buyers Eye Next Crucial Bullish Break

Bitcoin Price Analysis: $3,800 is Definitive for BTC

Bitcoin price dived with bearish moves and retested the key $3,540 support area against the US Dollar. There is a crucial declining channel in place with resistance at $3,585 on the hourly chart of the BTC/USD pair (data feed from Kraken). A break above the channel resistance and $3,600 could spark more upsides in the near term. On the downside, the main supports for buyers are near $3,540 and $3,500. Bitcoin price is consolidating above key supports against the US Dollar. BTC buyers are eyeing the next […]

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Crypto Markets Trade Down as Bitcoin (BTC) Short Positions Plunge

Bitcoin (BTC) Will Soon Break Record for its Longest Correction Ever, Where Will it Go Next?

Since the crypto markets witnessed a large price swing last Friday, they have been gradually drifting downwards, with Bitcoin (BTC) expressing some levels of stability in the low-$3,600 region. This stability may not last long however, as BTC short positions are rapidly dropping while long positions climb, which may signal that bulls are getting overly confident. Most cryptos have dropped slightly today, with EOS and TRON being the worst performing major cryptocurrencies, dropping 3.5% and 2.5% respectively. Bitcoin (BTC) Short Positions Plummet as Crypto Markets Drop At the […]

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