Bitcoin News

This Expanding Triangle Pattern Could Be The Last Hope For Bitcoin Bulls

Bitcoin hacked support It fell to the lowest prices seen since 2020. However, despite all the fear this drop has caused, it may be the last bottom before the top cryptocurrency continues its rally. This is why the extremely rare Elliott wave expanding triangle could be the last hope for Bitcoin speculators to reach new …

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Bitcoin Marks Seven Consecutive Red Candles, Paints Gruesome Picture For Market

Bitcoin has now entered perhaps one of its most bearish periods ever. A cryptocurrency that has held up well through all the market scandals is seeing more bad news ahead. Previously, it witnessed a large number of consecutive red closes which solidified its entry into a bear market. However, this time around, it looks like …

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Why Bitcoin Still At Risk of A Fresh Decline Below $29K

Bitcoin attempted a wave of recovery above the $30,000 resistance level against the US Dollar. BTC is struggling near $31,000 and may start a new low. Bitcoin recovered above the $30,000 level but struggled above $31,000. The price is now well above the $30,000 level and the 100 hourly simple moving average. There is a …

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Crypto Analyst Predicts 1 Altcoin Will Fall Down Hard – Is It Cardano?

Anonymous crypto trader and analyst Capo tweeted that Cardano (ADA) is bound to go in a massive downtrend. This popular cryptocurrency trader with over 307,500 followers on Twitter predicted a massive drop before the coin finished its five-wave downtrend after Elliott Wave Theory. Elliott waves theory relates to technical analysis that can predict price movement …

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Bitcoin Whale Breaks 8 Year Long Silence With $30 Million Worth Of BTC Transfer

After eight years of dormancy, a Bitcoin (BTC) whale unexpectedly moved $30 million worth of BTC. On November 20, 2013, the exact address received 1,000 BTC, worth $567,600 at the time, Bloxi chair mentioned. Bitcoin was dormant in one wallet until it was he moved As part of a much larger block it sent approximately …

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Bitcoin Remains Fragile, What’s The Next Major Support Area?

Bitcoin has given up nearly 20% of its market value over the past week. King coin has been under downward pressure for six consecutive weeks. The currency has retested levels touched in August last year. The price attempted to recover briefly as BTC attempted to push the $32,000 price level over the past 48 hours. …

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Bitcoin Recovers Above $30,000, Has The Bottom Been Marked?

Bitcoin has now started another recovery trend which has it pointing to its position above $30,000 once again. This is a welcome development after the market witnessed several crashes that caused investors to panic. However, while investors are breathing a sigh of relief as the digital asset begins to recover, other concerns have surfaced in …

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Crypto Shorts See $240M Flush As Bitcoin Rebounds Back Above $30k

Data shows that the cryptocurrency futures market received $380 million over the past day as Bitcoin rebounded above $30,000. Of this amount, $240 million was liquidated to short traders. Crypto shorts are watching $240 million in liquidations over the past 24 hours In the event that no one knows whatqualifiersIt is best to first take …

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Bitcoin Price Takes Deepest Dive Since 2020, Will BTC Bounce?

Suffering from the impact of the current bloodbath in the cryptocurrency market, Bitcoin (BTC) price reached its lowest value on May 12 at $26,350 since December 2020. The ongoing downtrend bears a striking similarity to the previous mid-season downtrend that ran from May to May. . June 2021. In both market crashes, the bitcoin price …

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Bitcoin Gains Momentum, Why Break Above $30K Is Crucial

Bitcoin retreated towards the $25,000 support area against the US Dollar. Bitcoin is now recovering and may look for a bullish breakout above the key $30K resistance area. Bitcoin found support above $25,000 and started an upward correction. The price is still trading below $30,000 and the 100 hourly simple moving average. There is a …

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