Bitcoin News

Bitcoin Price Resumes Decline, Why BTC Remains At Risk

Bitcoin rose below the key support area of ​​$28,500 against the US Dollar. BTC is declining and may continue to move lower towards the $27,500 support. Bitcoin is moving lower and is facing significant resistance near the $29,600 region. The price is now trading below the $29,000 level and the 100 hourly simple moving average. …

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Whale Ratio Continues To Stay At High Value

On-chain data shows that the bitcoin exchange whale ratio has remained at a high value lately, a potentially bearish sign for the cryptocurrency’s price. Bitcoin exchange whale is about to enter “extremely high risk” territory As explained by an analyst at CryptoQuant mailthe 72-hour moving average of the whale is close to 0.90, which is …

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Bitcoin On-Chain Activity Throttled After LUNA Collapse

Bitcoin’s on-chain activity plunged into the red after the infamous LUNA crash. Undoubtedly, the crash reduced confidence in the cryptocurrency market and saw investors significantly reduce their activity in the space. This resulted in losses across the board for miners as fee revenue, transaction volume and transaction values ​​all declined, and all saw their daily …

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Bitcoin Price Remains In Range, Why The Bulls Need To Take Control

Bitcoin has retested the major support area of ​​$28,500 against the US Dollar. Bitcoin is rising and the bulls may target a clear move above the $30,600 resistance. Bitcoin is trading in a major range below the $30,600 resistance area. The price is now trading near the $29,800 level and the 100 hourly simple moving …

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Bitcoin Trading Volume Plummets Down From Recent Top

Data shows that spot bitcoin trading volume is back to the normal 2022 values ​​after the recent surge. Bitcoin trading volume drops to values ​​of around $4 billion According to the latest weekly report from obscure researchBitcoin trading volume is down again after the recent highs. The “Daily spot trading volume“It is an indicator that …

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Bitcoin Rejects Downside At $29k, Here’s Why This Is Good

Today’s Bitcoin price analysis is positive, as the drop to $29,000 was met with strong support and rejected, indicating that an additional downward trend is unlikely. As a result, BTC/USD is expected to rise further in the coming days, most likely above the $31,000 resistance level. Of course, the psychological price of $30,000 for Bitcoin …

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Bitcoin Price Moves Higher In Range, $30.6K Still Presents Resistance

Bitcoin remained strong above the $28,500 support level against the US Dollar. BTC is on the rise, but it needs to clear $28,500 to move into positive territory. Bitcoin started a new rally after it tested the $28,500 support area. The price is now trading above the $29,500 level and the 100 hourly simple moving …

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Bitcoin, Ethereum Exchange Inflows Suggest Sell-Offs Are Far From Over

Bitcoin and Ethereum were both at the forefront of the market sell-off that resulted from the collapse of the earth’s treasuries. Since then, sellers have continued to dominate the market, and even with buyers making big moves, this market is still the seller’s market. The hope was that a reversal in this direction would occur …

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Crypto starts week Positive, Bitcoin Bulls Prep For A Breakout

On Monday, the cryptocurrency and bitcoin market turned positive, in an attempt to break out of the current slowdown, as the market capitalization rose 1.5% to $1.37 trillion. The largest cryptocurrency, Bitcoin, reached $30,554, up 1.2%. Bitcoin price throws up gains Bitcoin’s downward movement is becoming more and more apparent. A rally towards $33,700 is …

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Bitcoin Price Stuck In Key Range, Why Dips Might Be Limited

Bitcoin once again failed to clear the $30,600 resistance area against the US Dollar. BTC is falling, but the bulls may remain active near $28,500. Bitcoin failed to gain strength to move above the $30,600 resistance area. The price is now trading below the $30,000 level and the 100 hourly simple moving average. There was …

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