Market News

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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Ethereum Steadies Above $3K, Why Upsides Could be Capped

Ethereum is attempting an upward correction above $3000 against the US Dollar. ETH price must cross $3,130 and hourly 100 SMA to continue higher. Ethereum started an upward correction from the $2,950 area. The price is still trading below $3,100 and the 100 hourly simple moving average. There was a break above the major downtrend …

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Bitcoin Technical Indicators Suggest Short-Term Recovery To $41.3K

Bitcoin is consolidating above the $39,250 support area against the US Dollar. BTC could recover if it manages to clear the $40,250 resistance area. Bitcoin retested the $39,250 support area and found strong buying interest. The price is still trading below $41,000 and the 100 hourly simple moving average. There is a solid bearish trend …

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Number Of Active Entities Remain In Bear Market Channel

The data shows that the number of active Bitcoin entities is on the rise, but the growth pattern remains in a bearish market channel. Active Bitcoin Entity Count Continues to Stay in a Bearish Market Channel According to the latest weekly report from glassRecently, the number of active BTC entities has seen a steady growth …

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Bitcoin Price Plummets Below $40,000 As Crypto Market Tallies $440 Million In Liquidations

Bitcoin is down 15% in the past 24 hours, dropping below $40,000 for the first time since mid-March. Meanwhile, Ethereum is down 14%, falling below the $3,000 level for the first time since March 22. BTC is trading at $39,783 at the time of writing, while Ether (ETH) is down to $2978.54, according to Coingecko …

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Ethereum Breaks Key Support, Why Decline Isn’t Over Yet

Ethereum gained bearish momentum below the $3,100 level against the US Dollar. ETH price extended lower and settled below the $3,000 support area. Ethereum started another downside and traded below the key $3,000 support level. The price is now trading below $3,050 and the 100 hourly simple moving average. There is a solid bearish trend …

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Bitcoin Dives Below $40K, Why BTC Could Recover In Short-Term

Bitcoin gained bearish momentum and even dropped below $40,000 against the US Dollar. BTC could recover if it manages to climb above the $40,000 pivot level. Bitcoin remained in bearish territory and extended its decline below $40K. The price is now trading below $40,000 and the 100 hourly simple moving average. There is a sharp …

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On-chain Data Suggests Bitcoin Miners Were Behind The Selloff

On-chain shows that outflows of bitcoin miners have spiked recently, indicating that miners were involved in the recent sell-off that drove the cryptocurrency’s price below $42,000. Bitcoin mining outflows before the crash soared below $42,000 As pointed out by an analyst at CryptoQuant mailIt appears that Bitcoin miners were one of the sellers behind the …

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