Bitcoin price is moving lower from the $30,200 zone. BTC is signaling a fresh decline and there is a risk of a drop toward the $28,500 support. Bitcoin is struggling to remain in a positive zone above $29,200. The price is trading below $29,500 and the 100 hourly Simple moving average. There is a connecting…
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This week, Bitcoin traders braced for a breakout as an important technical buy signal triggered and BTCUSD shot up over $30,000 temporarily. They came up short-handed, however, as the market took an immediate turn back down. Interestingly, the fakeout could have possibly been predicted by a divergence between two BTCUSD price charts. Why Price Patterns…
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OKB, the native cryptocurrency of the OKX exchange, has made a solid comeback after a lackluster performance in the latter half of July. As August dawned, the token’s price roared back to life, sparking optimism among investors and enthusiasts. The rally began during the first week of August, when OKX exchange’s investment arm announced a…
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Bitcoin price started a downside correction from $30,200. BTC is now trading near the previous breakout resistance at $29,400. Bitcoin is correcting gains and trading below the $29,800 level. The price is trading above $29,400 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support near…
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The recent drop in the price of Cardano (ADA) has raised concerns among investors as it breached the combined support of $0.3 and a crucial support trendline. However, a closer analysis of the daily chart reveals a twist that might offer a glimmer of hope for the cryptocurrency’s recovery. Technical analysis of Cardano’s price movement…
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Bitcoin price climbed above the $29,500 resistance. BTC spiked above $30,000 and is currently consolidating gains above a connecting trend line. Bitcoin is showing positive signs above the $29,500 pivot level. The price is trading above $29,550 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near…
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In the last 24 hours, Bitcoin has experienced a 2% surge, pulling the broader crypto market along with it into a bullish trajectory. Leading the charge among altcoins are PEPE with an 8% gain, followed closely by SHIB and HBAR both at 6.3%, TON at 5.6%, SNX at 5.4%, and SOL at 5.3%. The overall…
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Bitcoin price has been ranging around $30,000 for most of 2023, taking even the highest timeframes down to a record low volatility state — something highly unusual for cryptocurrencies. As a result, Historical Volatility in the 6W BTCUSD chart has fallen to the second lowest ever reading. The last time this signal appeared, it awakened…
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Since the Bitcoin bull market began, one discussion that has never left the crypto community is when the next bull rally will commence and if it would follow the previously established trend around the halving events. To this end, a crypto analyst, Lark Davis, has taken to X (formerly Twitter) to share his forecast around…
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On-chain data shows that Bitcoin miners have been expanding their reserves recently, a sign that could be bullish for the asset’s price. Bitcoin Miner Reserve Has Been Trending Up Recently As pointed out by an analyst in a CryptoQuant post, BTC miners have been accumulating during the past 48 days. The indicator of interest here…
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