Analyst Explains Reasons Bitcoin Price Could Fall Back to Lower $10Ks

Bitcoin is facing risks of a price correction towards $10,000, according to a TradingView analyst. He spotted the cryptocurrency trading near its weekly resistance level, noting that it may amount to profit-taking action among traders. Nevertheless, he also asserted that Bitcoin is in a bull market, adding that the price would likely bounce back from […]

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Inverse Bitcoin Fractal from 2019 Warns of Major Bearish Moves Ahead

The bitcoin chart shows an interesting inverse fractal from 2019. The Feb-March price action last year, which resulted in a breakout, hints a breakdown for Bitcoin in 2020. Bitcoin is currently moving in the same manner as it did back in 2019 – just inversely. Market analyst Artem Shevelev spotted the upside-down relationship between Bitcoin’s […]

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This Historically Accurate Bitcoin Bullish Indicator Flashes Again

A bullish Bitcoin indicator with no false price predictions on record flashed for the first time in fourteen months. The so-called “Golden Cross,” in its last occurrences, sent BTC/USD exchange rate higher by 67-6,458 percent. Its revival in July 2020 points to another upside rally for the pair – even though the market’s fundamentals differ. […]

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A Correction to $8.6K Likely as Bitcoin Paints 50-200 Death Cross

Bitcoin confirmed a so-called Death Cross pattern on Thursday as its price plunged 1.20 percent. The downside correction surfaced after failing to maintain a price floor above $9,000. The cryptocurrency is trending lower inside a bullish wedge. It, in conjugation with the Death Cross, points to a retest of $8,600. Bitcoin price wavered Thursday as […]

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Bitcoin Glued on $10.5K Retest as Retail Interest Hits Record High

Bitcoin slipped on Wednesday in a choppy trading session that also saw the U.S. stocks heading lower. The cryptocurrency swung above and below $9,500 while briefly crashing to as low as $9,227 on Coinbase exchange. Nevertheless, it is eyeing a rally towards the $10,000-10,500 area owing to favorable on-chain and macroeconomic sentiments. A choppy trading […]

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Profit-taking Pares Bitcoin Gains But $10,000-Retest Likely

A rally in the Bitcoin market lost steam on Wednesday on profit-taking sentiment. The cryptocurrency slipped by a modest 0.75 percent ahead of the European opening bell. But a rebound in consumer activity signaled a positive week for risk-on assets, raising expectations of Bitcoin resuming its bull run towards $10,000. Bitcoin’s rally faded on Wednesday […]

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Bitcoin Retargets $10,000 on Fed’s Corporate Bond-Buying Program

Bitcoin pared its Monday losses after logging a surprising intraday trend reversal. The cryptocurrency rebounded by as much as 7.82 percent from its session low near $8,895. It is now back to targetting $10,000 as the Federal Reserve announced it would extend its corporate bond-buying plan. Bitcoin price climbed Tuesday, logging a dramatic retracement after […]

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Bitcoin Set to Break $10,000 as Dollar Dips to Three-Month Lows

Bitcoin experienced a brief bull run above $10,000 on Wednesday. The cryptocurrency dipped back below $10,000 due to $14 million worth of shorts liquidations on BitMEX. Nevertheless, BTC/USD retained its upside target towards $10,000 as the Federal Reserve’s commitment to keeping interest rates near zero until 2022 drove the U.S. dollar to its three-month lows. […]

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This Stock Market Analyst Explains Why Bitcoin Will Keep Growing

Bitcoin fell $1,500 in just three minutes in an overnight price crash Monday. But the dip has not deviated the world’s leading cryptocurrency from extending its uptrend. A top stock market analyst noted that risky assets would keep growing in value as long as there is a stimulus. Bitcoin has yet another Black Swan event […]

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A High-Profile Acquisition Shows Bitcoin Demand from Institutions is Surging

The world is experiencing the worst financial crisis in decades, but the Bitcoin market has its own route. The recent acquisitions announced by cryptocurrency exchanges give hope that the economic recession doesn’t hinder the crypto’s market expansion. Last month, Binance announced the acquisition of Coinmarketcap. Now it’s time for Coinbase to go big. Coinbase Buys […]

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