Tag: Bitcoin News

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Bitcoin Crash: Crypto Analyst Reveals Why Price Could Drop To $52,000

A crypto analyst has disclosed reasons why the price of Bitcoin could witness more declines to $52,000 lows. According to the analyst, Bitcoin has broken key support levels, which indicates a potential shift from a bullish to a bearish position.  Analyst Projects Bitcoin Crash To $52,000 In a post on X (formerly Twitter) on June…
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Is Bitcoin’s Rally Over? New Insights from CryptoQuant Predict a Market Downturn

According to the latest insight from a CryptoQuant analyst, Bitcoin might be poised for a notable price correction. This possibility of a price correction is based on major Bitcoin metrics such as the Adjusted Spent Output Profit Ratio (ASOPR), signaling a notable implication for Bitcoin’s trajectory. Understanding ASOPR’s Role In Predicting BTC Corrections The ASOPR,…
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Bitcoin Drops Below $64,000, But Arthur Hayes Advocates ‘Buy The Dip’

Bitcoin is experiencing a significant decline today, dipping below the $64,000 mark to a low of $63,564. This drop represents a 2.5% decrease in the last 24 hours and an overall 12% decline over the past two weeks. Amidst this downward trend, Arthur Hayes, the co-founder of BitMEX, is not only maintaining his bullish stance…
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3 Reasons To Invest In Ethereum, 1 To Stay Bitcoin-Only: Bitwise CIO

In a recent commentary shared on X, Matt Hougan, Chief Investment Officer at Bitwise Asset Management, which ranks as the world’s largest provider of cryptocurrency index funds, detailed why investors should consider diversifying their cryptocurrency portfolio by adding Ethereum (ETH), alongside maintaining a position in Bitcoin (BTC). Hougan offered three compelling reasons for investors to…
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Bitcoin Miners’ Reserves Deplete Amidst High OTC Selling, What This Means

Recent data from CryptoQuant has highlighted a significant shift in Bitcoin Miners behavior, with miner reserves dropping to their lowest levels since 2010 while over-the-counter (OTC) selling activity has surged to higher levels. What This Means For BTC At the beginning of the year, miner reserves stood at approximately 1.87 million BTC but have yet…
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MicroStrategy Buys Additional 11,930 BTC, Fibonacci Analysis Hints At $160K Bitcoin Price Peak

Bitcoin (BTC), the leading cryptocurrency, has regained momentum, bouncing off a weekly low of $64,000 to find support above $65,000, halting last week’s downtrend. This price recovery may be due to another significant investment round by business intelligence company MicroStrategy, led by Bitcoin bull Michael Saylor.  The company announced on Thursday the acquisition of an…
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It’s ‘Do Or Die’ For Bitcoin Price Soon, Says Analyst

Josh Olszewicz, a renowned crypto analyst, has recently shared critical insights into the immediate Bitcoin price future, employing two technical analysis frameworks: the Ichimoku Cloud and Bollinger Bands. These tools hint at pivotal moments that could shape the trajectory of the Bitcoin price in the near to medium term. Bitcoin Analysis Using The Ichimoku Cloud…
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Bitcoin Market Alert: German Government Agency Sends $425M Worth Of BTC To Exchanges

Bitcoin (BTC) recently plunged to a one-month low of $64,000, causing concern among bullish investors who now fear impending selling pressure and a potential retest of lower support levels.  Adding to these concerns, it has come to light that a wallet belonging to the German police has moved $425 million worth of BTC to cryptocurrency…
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Ikigai Founder Explains Why Bitcoin And Crypto Are ‘On The Verge Of Cannibalism’

Travis Kling, Founder and Chief Investment Officer of Ikigai Asset Management, shared his insights on the current state of Bitcoin and the broader cryptocurrency ecosystem, which he described as following: “Bitcoin is ~10% off of ATHs and the timeline appears to be on the verge of cannibalism.” In a series of detailed posts on X,…
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Bitcoin Price Faces Crucial Test: Here’s What At Stake This Week

As Bitcoin enters a pivotal week, market participants are closely monitoring several key indicators and events that could determine its near-term trajectory. Renowned crypto analyst Ted (@tedtalksmacro) has provided an in-depth analysis, highlighting the critical factors at play. Weekly Bitcoin Preview Ted’s analysis begins by contextualizing the broader macroeconomic environment. Last week’s US Consumer Price…
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