Tag Archives: btc

Bitcoin’s Correction Is Not Done: $54K Could Be On The Horizon, Says Top Analyst

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Recent trends in the Bitcoin market have shown a significant flushing out of leverage, a process commented on by prominent crypto analyst Willy Woo. While this corrective phase has seen Bitcoin’s price fall to as low as $58,000 yesterday, it has partially rebounded, currently trading around the $61,500 mark. However, the journey could be smoother,… Continue reading Bitcoin’s Correction Is Not Done: $54K Could Be On The Horizon, Says Top Analyst→

Crypto Research Firm Says Bitcoin Crash Below $60,000 May Not Be The End, Here’s Why

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Bitcoin dropped to as low as $60,000 in the last 24 hours, and although the flagship crypto has reclaimed that level, crypto research firm 10x Research predicts that BTC can still go lower soon enough. The firm also outlined several factors that support this bearish outlook.  Bitcoin Could Drop To As Low As $50,000 10x… Continue reading Crypto Research Firm Says Bitcoin Crash Below $60,000 May Not Be The End, Here’s Why→

Is The Bitcoin Bottom In? Here’s What 7 Experts Say

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The market saw a dramatic Bitcoin price drop over the past two days, plunging from a high of $64,500 on Sunday to a low of $58,474. Yesterday’s steep decline followed an unexpected announcement from the trustee of the defunct Mt. Gox exchange, revealing plans to commence BTC and BCH payouts in early July—a move that… Continue reading Is The Bitcoin Bottom In? Here’s What 7 Experts Say→

Bitcoin Dives, Breaks $60K: Market Reels From Sharp Decline

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Bitcoin price gained bearish momentum and traded below $60,000. BTC is signaling a short-term downtrend and might face hurdles near $62,000. Bitcoin started a fresh decline from the $62,550 resistance level. The price is trading below $61,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at… Continue reading Bitcoin Dives, Breaks $60K: Market Reels From Sharp Decline→

Bitcoin Forms Bullish Signal That Led To At Least 60% Jump Last 3 Times

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An analyst has pointed out how an indicator is forming a signal for Bitcoin that has proven to be quite bullish for the asset during the past two years. Bitcoin Daily RSI Has Dipped Into The Oversold Territory In a new Relative Strength Index (RSI) for Bitcoin. The RSI is a popular technical analysis indicator… Continue reading Bitcoin Forms Bullish Signal That Led To At Least 60% Jump Last 3 Times→

SkyBridge Capital’s Scaramucci Says Bitcoin Will Reach $250,000 Is This US Presidential Candidate Wins

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Anthony Scaramucci, the founder of SkyBridge Capital, has predicted that Bitcoin could reach new all-time highs (ATH) when his preferred presidential candidate wins. He also claimed that crypto “has already won” following recent developments in the industry.  Bitcoin Could Rise To As High As $250,000 When Joe Biden Wins Scaramucci mentioned during an interview on… Continue reading SkyBridge Capital’s Scaramucci Says Bitcoin Will Reach $250,000 Is This US Presidential Candidate Wins→

Bitcoin Price Forecast: Three Strong Indicators Urge Buying As Experts Predict A 100% Rally Ahead

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The Bitcoin price has experienced a significant correction after failing to consolidate above the $70,000 level and retesting its all-time high of $73,700, which it reached in March. With a retracement of nearly 10% over the past week, BTC is now trading just above support at the $60,000 level.  However, based on historical data, further… Continue reading Bitcoin Price Forecast: Three Strong Indicators Urge Buying As Experts Predict A 100% Rally Ahead→

True Correction Underway? Over $500 Million Exits Bitcoin ETFs — Coinshares

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Recent data from CoinShares points to a significant shift in investor sentiment regarding Bitcoin, marked by a substantial $544.1 million net outflow from US spot Bitcoin ETFs in the last week. According to James Butterfill, a leading analyst at CoinShares, this significant amount of outflow highlights a “true correction is underway” as this trend extends… Continue reading True Correction Underway? Over $500 Million Exits Bitcoin ETFs — Coinshares→

Bitcoin Whales Switching To Risk-Off Mode After $61,000 Crash

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On-chain data shows the Bitcoin whales have been dialing back risk on derivatives exchanges following the latest downturn in the cryptocurrency. Bitcoin Inter-Exchange Flow Pulse Has Just Turned Red As explained by CryptoQuant founder and CEO Ki Young Ju in a new Inter-Exchange Flow Pulse (IFP) is an indicator that tracks the BTC movements between… Continue reading Bitcoin Whales Switching To Risk-Off Mode After $61,000 Crash→

Bitcoin Price Crashes Below $61,000: The Main Reasons

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In the last 24 hours, the Bitcoin (BTC) price fell by up to 4.8%, plummeting to a new low of $60,601 after trading above $64,000 just a day earlier. This decline can be attributed to a combination of factors, including developments from the Mt. Gox saga, a significant liquidation of long positions, and ongoing miner… Continue reading Bitcoin Price Crashes Below $61,000: The Main Reasons→