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Is Bitcoin ‘Uptober’ About To Begin?

In this episode of NewsBTC’s Daily Technical Analysis VideosIn this article, we review a variety of technical and fundamental signals on the monthly Bitcoin price chart to see if we are approaching the bottom of the cryptocurrency. See the video below: Video: Bitcoin Price Analysis (BTCUSD): October 3, 2022 Bitcoin Beta’s Bearish Momentum Begins to …

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Ethereum Price Squeezes Shorts Positions, Set For More Gains?

Ethereum is tracking the general sentiment in the market as Bitcoin and other cryptocurrencies are heading towards previous highs. The second cryptocurrency by market capitalization made some gains during today’s trading session but appears ready to retest its lows before moving to the upside. At the time of writing, Ethereum (ETH) is trading at $1,300 …

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Bitcoin Price Keeps Struggling, What Could Trigger Another Downtrend

Bitcoin price is struggling to climb above the $20,000 resistance against the US Dollar. BTC could drop sharply if there is a close below the $18,500 support. Bitcoin remained in a range and remained above the $19,000 support area. The price is trading below $19,400 and the 100 hourly simple moving average. There was a …

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Ethereum Price Recovery Could Soon Fade If ETH Fails To Surpass $1,350

Ethereum started a fresh drop from the $1,350 resistance level against the US Dollar. ETH has retested $1,255 and remains at risk of further losses. Ethereum started another decline after it failed to clear the $1,375 area. The price is now trading below $1320 and the 100 hourly simple moving average. There is a major …

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Bitcoin Bullish Signal: Exchange Outflows Spike Up

On-chain data shows that bitcoin offshore flows have been on the rise recently, a potentially bullish sign for the cryptocurrency’s price. Bitcoin exchange Netflow has noticed deep red values ​​in recent days As pointed out by an analyst at CryptoQuant MailRecently, investors have withdrawn more than 60,000 bitcoins from exchanges. The relevant pointer here is …

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Bitcoin Sells-Off Amid Strong Economic Data, Can $18,600 Hold?

Bitcoin has been unable to break above or below its current anger, and price action remains undetermined. During yesterday’s trading session, the cryptocurrency experienced bullish volatility, but gains were once again capped today as bitcoin’s macroeconomic forces took hold. At the time of writing, Bitcoin (BTC) is trading at $19,200 with sideways movement in the …

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Crypto Community Predicts Polygon (MATIC) To Rise Nearly 20% By October 31

Members of the crypto community have cast their votes, so to speak, and now we’ll find out if their predictions are accurate. The consensus in the cryptocurrency market expects a 20% increase in MATIC prices before the end of the month, according to CoinMarketCap’s price forecast metrics. These somewhat optimistic expectations from the community indicate …

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Bitcoin Sees Massive Decline In On-Chain Activity

Bitcoin activity on the chain lit up like a Christmas tree during the weeks leading up to the Ethereum merger. Although the upgrade was not happening on the bitcoin network, it was still important to the crypto space, resulting in increased activity across the various networks. However, now that the consolidation and dust removal has …

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Bitcoin 30-Day Long-Term Holder SOPR Is Yet To Hit Bottom Values

On-chain data shows that the 30-day Bitcoin holder SOPR has not yet reached its historic low during the current cycle. SOPR, the long-term 30-day bitcoin holder, has recently tumbled As pointed out by an analyst at CryptoQuant Mailthe long-term service holders have not yet reached their maximum pressure point. The “Output Profit Ratio“(or SOPR for …

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