Tag Archives: btcusd

Bitcoin, Ethereum On Exchanges Drop To New Lows, What A Supply Squeeze Would Mean For The Market

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Recent data shows that the supply of Bitcoin (BTC) and Ethereum (ETH) on exchanges has dropped significantly. This means the largest crypto tokens by market cap could be well-primed for significant moves to the upside, with a supply squeeze imminent.  Supply Of Bitcoin And Ethereum Drop To New Lows BTC ECHO analyst Leon Waidmann shared… Continue reading Bitcoin, Ethereum On Exchanges Drop To New Lows, What A Supply Squeeze Would Mean For The Market→

Crypto Analyst Says Bitcoin Will Rise To $79,600 If This Holds

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An analyst has explained how Bitcoin will “likely rise to test” the $79,600 level if BTC can hold above this important level of a pricing model. Next Bitcoin MVRV Pricing Band Is Currently Valued At $79,600 In a new Market Value to Realized Value” (MVRV) indicator. This metric tells us how the value that the… Continue reading Crypto Analyst Says Bitcoin Will Rise To $79,600 If This Holds→

Crypto Analyst Predicts ‘Major Impulse’ Move For Bitcoin, Here’s The Target

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Crypto analyst Tara has highlighted a bullish pattern that recently formed on the Bitcoin chart. She also revealed how high the flagship crypto could rise on its next leg up. Furthermore, her analysis suggested that Bitcoin may be about to enter the parabolic phase of this market cycle.  “Major Impulse” Move On The Horizon For… Continue reading Crypto Analyst Predicts ‘Major Impulse’ Move For Bitcoin, Here’s The Target→

Is This The Biggest Bitcoin Bull Run Ever? Analyst Says Yes!

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Crypto analyst TechDev (@TechDev_52) recently shared a detailed chart analysis suggesting that Bitcoin might be on the cusp of its most significant breakout to date. This analysis, backed by historical patterns and technical indicators, points to a potential shift in the market that could lead to unprecedented price levels for Bitcoin. The chart provided by… Continue reading Is This The Biggest Bitcoin Bull Run Ever? Analyst Says Yes!→

Bitcoin Price Slips Lower: Slow Descent or Opportunity Ahead?

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Bitcoin price extended losses and declined below the $67,200 level. BTC found support near $66,650 and now consolidating in a range. Bitcoin spiked below $67,000 but the bulls are still in action. The price is trading above $68,000 and the 100 hourly Simple moving average. There is a key rising channel forming with resistance at… Continue reading Bitcoin Price Slips Lower: Slow Descent or Opportunity Ahead?→

Bitcoin Retreats After Failing To Break Crucial $72,983 Resistance

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Following the failure to break above the $72,983 resistance level, the price of Bitcoin has continued to drop. Although Bitcoin’s price is still trading above the 1-day Simple Moving Average (SMA), this rejection has led to the crypto asset dropping from $71,942 to $66,785 and moving below the SMA both in the 1-hour and the… Continue reading Bitcoin Retreats After Failing To Break Crucial $72,983 Resistance→

Bitcoin Enters Dreaded ‘Chop Season’ – What Does This Mean For Price?

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Crypto analyst ShardiB recently revealed that Bitcoin has entered ‘chop season.’ This is significant as it could be a while before the flagship crypto finally archives that breakout, which will send it to new all-time highs (ATHs).  How The Chop Season Will Affect Bitcoin’s Price While revealing that Bitcoin was about to enter the chop… Continue reading Bitcoin Enters Dreaded ‘Chop Season’ – What Does This Mean For Price?→

Bitcoin ‘Realized Volatility’ Showing Very Rare Trend: What Could Be Next

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Data shows that the Bitcoin Realized Volatility metric has fallen to historically low levels. What generally happens after this pattern forms? Bitcoin Realized Volatility Has Decline To Extreme Lows Recently In a Realized Volatility here refers to an indicator that basically tells us about how volatile a given asset has been based on its price… Continue reading Bitcoin ‘Realized Volatility’ Showing Very Rare Trend: What Could Be Next→

Market Analysis: How Will Mt. Gox’s Bitcoin Distribution Affect Crypto Prices?

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As the defunct cryptocurrency exchange Mt. Gox prepares to distribute around $9 billion worth of Bitcoin, some investors are worried about the potential impact on prices. However, industry experts and major creditors believe that any short-term volatility will be outweighed by BTC’s long-term bullish prospects.  With the approval of US spot Bitcoin exchange-traded funds (ETFs),… Continue reading Market Analysis: How Will Mt. Gox’s Bitcoin Distribution Affect Crypto Prices?→

Crypto Analyst Reveals Why $69,000 Is Very Important In The Grand Scheme Of A Bitcoin Recovery

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Crypto analyst Pierre has provided insights into why $69,000 is a significant price level for Bitcoin. He suggested the flagship crypto could hit a new all-time high (ATH) if it successfully holds above that range.  A Breakout Above $69,000 Could Lead To A Bitcoin Recovery Pierre mentioned in an X (formerly Twitter) ATH region of… Continue reading Crypto Analyst Reveals Why $69,000 Is Very Important In The Grand Scheme Of A Bitcoin Recovery→