Several altcoins have made their first move from longtime lows and if Bitcoin is able to confirm a bottom, a marketwide rally is likely to pick up steam. The price of an asset class is determined by its fundamentals and the sentiment towards it. At times of panic or exuberance, fundamentals take a back seat…
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Bitcoin bulls are pushing hard at $7,600 resistance as the market waits for the U.S. to open and determine what direction BTC price will likely go this week. Bitcoin (BTC) closed the week down 0.39% at $7,356 having recovered very quickly from a daily close, which saw BTC trading down at $6,850 for a short…
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Bitcoin price pumped 7% on Jan. 3 as exchanges may have tried to offset the impact of “proof of keys” and lure in new cryptocurrency traders. Bitcoin price (BTC) is currently resting just shy of $7,500 after an impressive rally from around $6,850 on Friday, Jan. 3. Does this mean the bulls have taken control?…
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Few of the top five cryptocurrency performers of the past seven days are showing signs of bottoming out. Can they start a new uptrend? Coinbase CEO Brian Armstrong believes that rising cryptocurrency prices will generate massive wealth for the crypto investors in the 20s. His friends, Olaf Carlson-Wee and Balaji Srinivasan expect Bitcoin’s price to…
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Bitcoin is showing signs of bottoming after its latest rebound above $7,000 as several key hurdles remain for the bulls five months before the halving. Bitcoin (BTC) made a sudden jump of 8% yesterday and is currently hovering at around $7,300. As the price bounced from $6,900, a higher low is presenting itself on the…
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Here are five more bearish candlestick patterns that every Bitcoin and crypto trader should recognize to protect against losses and take their trading skills to the next level. Many traders like to play both sides of an asset’s price action. But in order to play the bullish and bearish trends, one needs to be aware…
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Bitcoin price back above $7,000 and rising BTC dominance looks increasingly bullish as several resistance levels stand in the way of a definitive breakout. Bitcoin (BTC) bounced back from an early morning sell-off, reaching highs for the day of $7,375, a swing of 7.5% from the lows of $6,854. Other major cryptocurrencies also made similar…
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Bitcoin is selling for over $24,000 in Iran on the Localbitcoins platform as escalating tensions with the United States increase the possibility of war. Iran-based sellers on peer-to-peer trading platform LocalBitcoins are currently asking for around 1 billion Iranian rials or over $24,000 per Bitcoin (BTC) — well over its 2017 all-time high — as…
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Bitcoin is en-route to flipping the $7.4K resistance to support and the sharp rebound from key support levels on most major cryptocurrencies is a positive sign. Bitcoin started the new year on a weak note and looked to be losing ground. However, the news of the killing of Iran’s General Qasem Soleimani, in an airstrike…
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Bitcoin price abruptly rallied 6.5%, reclaiming yesterday’s losses and attempting to set a daily higher high above $7,300 but will more buyers now step in? In a stunning turn of events, Bitcoin (BTC) price swiftly reversed course and rallied 6.4%, reclaiming ground lost over the last 24-hours and briefly topping $7,288 before pulling back to…
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