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Crypto Plummets As CPI Worsens, Any Chance For Reversal?

Cryptocurrency prices have maintained a strong correlation with most macroeconomic factors. There is no longer any debate about the effect of inflation on the trend in the cryptocurrency market. Most of the previous declines in digital assets are due to swings in the general global economy. The severity of the crypto winter during the first …

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Ethereum Merge Fails To Move ETH Price, $2,000 Remains Elusive

Ethereum price continues to struggle below $1600 despite the successful merger. As noted earlier, the Ethereum consolidation appeared to be a “rumor buy, news sell” event, which appears to be happening, but the lack of highly volatile prices suggests that even the expected selloff didn’t appear to be taking place. Event. Instead, this momentum currently …

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Bitcoin Price Turns Red as Bears Take Over Crypto Market

Bitcoin is showing bearish signs below the $20,000 support area against the US Dollar. BTC could accelerate further below the $19,500 support area. Bitcoin started a new low and traded below the $20,000 support. The price is now trading below $2,200 and the 100 hourly simple moving average. There is a major bearish trend line …

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Ethereum Key Indicators Suggest A Strengthening Case For More Losses

Ethereum fell sharply from the $1,655 resistance area against the US Dollar. ETH is struggling and remains at risk of further losses below the $1450 level. Ethereum started a new decline after it failed to break above the $1,650 resistance area. The price is now trading below $1550 and the 100 hourly simple moving average. …

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Bitcoin Price Has Strong Potential To Hit $25,000, Weekly Analysis Suggests

Recently, the market witnessed a strong correction due to the bullish rally in the price of Bitcoin in the past several days. On December 7, 2020, the price reached a low of $1,030.09, which is a new all-time low. However, the emergence of the double bottom pattern has led to an optimistic view of this …

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Ethereum Completes “The Merge”, But Why ETH Failed To React

Ethereum has completed one of its most important milestones with the successful completion of its “merger,” the transition to Proof of Stake (PoS) consensus. Market participants were expecting violent price action during this event, but the results could be disappointing. And we’re done! We wish you all included. This is a huge moment for the …

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TA: Bitcoin Price At Major Risk of A Breakdown Below $20K: Here’s Why

Bitcoin settled below the $21,000 support area against the US Dollar. BTC is showing bearish signs and remains at risk of a major crash below $20,000. Bitcoin struggled to correct the rally and remained below the $21,000 resistance area. The price is now trading below $20,750 and the 100 hourly simple moving average. There is …

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Why Ethereum Price Is Unlikely To Dump After “The Merge”

Ethereum price rises above critical levels as “consolidation” looms, bullish momentum may receive a fresh boost and finally take ETH north of $2000. Meanwhile, market participants are speculating about the near future of the second cryptocurrency by market capitalization. At the time of writing, Ethereum is trading at $1,710 with a 4% loss in the …

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