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Is Bitcoin Headed For A Correction After Brief Recovery; Vital Trading Levels

Bitcoin finally crossed $40,000 in the past 24 hours due to the Luna Foundation Guard (LFG) BTC buying spree. However, the price action slackened quite early as the coin, after posting a 7% rally, is down 4% at the time of writing. Bitcoin 24-hour trading volume has also taken a hit at the time of …

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Bitcoin Bears Keep Pushing, Why There’s Risk of More Losses

Bitcoin once again failed to clear the $41,500 resistance area against the US Dollar. BTC could extend its losses if there is a clear move below the $39,200 support area. Bitcoin made another attempt to increase the speed above the $41,500 level but it failed. The price is now trading below $41,000 and the 100 …

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Bitcoin Miners Receive Third Break This Year, Over 100K Blocks To Go Until The Halving

Bitcoin miners are celebrating their third break this year as their computational power has increased due to a 1.26% reduction in difficulty. This means that they will be able to mine more bitcoins, and an infinite number of new ones come with it. The miners also have another 108,160 blocks left until the halving occurs …

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Bitcoin Bear Market Comparison Says It Is Almost Time For Bull Season

There is no denying that Bitcoin has been riven by bears over the past several months after hitting a new all-time high in November of last year. Even with the new highs, the hike is largely seen as a failure without it Dramatic course conclusion. But what if this rally was part of a bearish …

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Bitcoin Continues To Slide As Macroeconomic And Geopolitical Anxiety Persist

Bitcoin fell to an intraday low of $39714.69 on Friday, after a late rally above a critical resistance level on Wednesday at $41,500. BTC was lower as traders prepared for the long Easter holiday. Bitcoin – the world’s most sought-after digital asset – is down nearly $10,000 from a two-week high of $48,220, its highest …

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Bitcoin STH SOPR Breaks Above 1 For First Time Since December

On-chain data shows that short-term Bitcoin holder SOPR broke above one for the first time since December 2021. Short-term Bitcoin holders are back in profit again As pointed out by an analyst at CryptoQuant mailBTC STH SOPR has once again broken the “one” barrier. The “Output Profit Ratio“(or SOPR for short) is a bitcoin indicator …

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Ethereum At $3028, Where Is The Next Critical Support Level For ETH?

Ethereum is priced at $3,030, and the altcoin king has seen a sharp drop of 11% in the past week. All major cryptocurrencies are in a downtrend, after breaking the immediate support levels. Bitcoin price was below $40K and down 12% over the past week. The global cryptocurrency market cap has reached $1.96 trillion after …

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Why Bitcoin Price Could Eye Strong Recovery Above $41.5K

Bitcoin corrects losses and trades above $41,000 against the US Dollar. BTC could gain bullish momentum above $41,350 and $41,500. Bitcoin stayed in good shape above $39,250 and started a fresh increase. The price is now trading above $41,000 and the 100 hourly simple moving average. There was a break above the descending trend line …

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