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Bitcoin Recovers Sharply, Why BTC Could Still Struggle Above $20,500

Bitcoin fell towards the $18,500 support area against the US Dollar. BTC has made a sharp recovery, but the bears are still active near the $20,500 and $20,650 levels. Bitcoin rose sharply after there was a test of the $18,500 area. The price is now trading above the $20,000 level and near the 100 hourly …

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Decline In Ethereum Futures On CME Suggests Institutional Investors Are Still Bearish

Institutional investors have been bearish towards Ethereum for a while now. There were outflows rocking digital assets until it ended its 11-week streak of inflows last week. However, this does not mean that positive sentiment has fully returned to the cryptocurrency again. Figures from the Chicago Mercantile Exchange show that institutional investors remain cautious and …

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USDC Exchange Reserves Rise As Investors Escape From Bitcoin

On-chain data shows that US dollar exchange reserves have risen recently, suggesting that investors may exit volatile markets such as Bitcoin. USD Coin All Exchanges Reserves Rise Lately As pointed out by an analyst at CryptoQuant MailThere have been selling signs from Bitcoin investors to move to USDC. dollar coinAll stock exchanges“It is an indicator …

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Fed Announces Inflation Warnings As Bitcoin Whales Remain In Wait Mode

Over the past few hours, bitcoin price deviated from a major support level and fell below $19,000. Transaction history reveals that several addresses have bought Bitcoin for more than $20,000. These market players will soon liquidate their holdings to prevent further losses, which would lead to a drop towards $16,000. Inflation Warnings Affect Bitcoin Price …

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Bitcoin is Plunging, But It’s Too Early to Say Bulls Have Given Up

Bitcoin is struggling below the $20,000 area against the US dollar. BTC remains at risk of further losses if the bulls fail to protect the $19,800 support area. Bitcoin is showing bearish signs below the $21,000 and $20,500 levels. The price is now trading below the $20,400 level and the 100 hourly simple moving average. …

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Ethereum Keeps Sliding Down, Will The Support Line of $1,100 Break?

Ethereum continued its bearish trajectory as the coin has now found a support level at $1,100. Over the past two days, the coin rallied and touched the $1,200 level, but shortly after that, it saw a pullback on the chart. Ethereum’s strong resistance is currently at $1,300. The technical outlook for the coin remained bearish …

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