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Bitcoin Price Stuck In Key Range, Why Dips Might Be Limited

Bitcoin once again failed to clear the $30,600 resistance area against the US Dollar. BTC is falling, but the bulls may remain active near $28,500. Bitcoin failed to gain strength to move above the $30,600 resistance area. The price is now trading below the $30,000 level and the 100 hourly simple moving average. There was …

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Bitcoin Investors Gripped By Fear, Any Signs Of Hope Remains?

Bitcoin is moving sideways after a big bear attack drove it below its 2021 low. The number one cryptocurrency by market capitalization appears to be showing low volatility in the short term and could see further declines, according to market participants’ expectations. Related reading | Coinbase is in a downward spiral and could take your …

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Bitcoin Reclaims $30K Territory After Recent Weeks’ Struggle

Bitcoin posted a huge positive divergence early on Monday, after seven days of trading below $30,000. The cryptocurrency is trading at $30,536.93 at the time of writing, down 2.5 percent from the previous week, according to Coingecko data. In the past 24 hours, the worldwide cryptocurrency market capitalization has increased by nearly 2 percent, to …

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Time For Autopsy? Bitcoin May Plunge Further After Dive Below $30k

Bitcoin’s next bull market is building a bottom now. As a result, bears continue to dominate the market, sending the bitcoin price below $29,000 in the last 24 hours. Traders who anticipate the end of a bear market may have to wait longer due to unfavorable conditions. Will he track Bitcoin? Bitcoin is no stranger …

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Bitcoin Selling Pressure Continues As Long-Term Holder SOPR Spikes Up

On-chain data shows that long-term Bitcoin owner SOPR has recently noticed booms, indicating that this group is still selling. Long-term Bitcoin holder SOPR price soared when price crossed $30K As pointed out by CryptoQuant mailSelling pressure in the market remains high as long-term contract holders are also looking to sell. The “Profit ratio of the …

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Bitcoin NUPL Touches Lows Not Seen Since COVID Crash, Rebound Soon?

On-chain data shows that the Bitcoin NUPL metric has now fallen to its lowest levels since the collapse of COVID-19 in 2020. Bitcoin’s Net Unrealized Profit and Loss Drops Recently As explained by an analyst at CryptoQuant mailthe previous trend of NUPL may indicate that the current values ​​may be favorable for a rebound in …

Bitcoin NUPL Touches Lows Not Seen Since COVID Crash, Rebound Soon? Read More »

Ethereum Could Tank Further; Here’s What The Charts Say

The bear market has been very tough for all major cryptocurrencies including Ethereum. Over the past 24 hours, the coin is down 4%. However, in the past week, Ethereum attempted a recovery. Bears continued to cut prices though. Ethereum buyers tried to remain calm throughout most of the downturn. The constant push by the bears …

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MicroStrategy Will Not Dump Any Of Its Bitcoin, CFO Reveals

MicroStrategy has become a major player in the crypto world since it started buying Bitcoin. Its holdings have seen it solidify its position as a public company with the largest bitcoin holdings in the world. A notable fact is that the company bought a significant portion of its BTC during the 2021 bull run. So …

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