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Crypto Market Highly Bearish Beneath One Level; Here’s What Could Tip the Scales

The aggregated crypto market has been struggling throughout the past few weeks, with it incurring an insane selloff that was catalyzed by Bitcoin’s decline from its mid-February highs of $10,500 to lows of $3,800. This selloff did significant damage to the market’s technical strength, leading many investors and analysts to adopt a bearish sentiment – […]

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Bitcoin Tumbles Under $6,000: Here’s What Analysts Think Comes Next

For the first time in just under a week, Bitcoin has tumbled under $6,000, extending Friday morning’s losses of 10%. As of the time of writing this, the cryptocurrency trades for $5,930, having hit $5,895 just minutes ago as of the time of this article’s writing. While this price action just transpired, many analysts believe […]

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Here’s Why Bitcoin Bulls Aim Larger Rally Above $7K In Near Term

Bitcoin is gaining momentum and it is trading above the $6,500 support against the US Dollar. BTC price is likely to continue higher towards $7,000 and $7,200 in the coming sessions. Bitcoin is showing a few positive signs above the $7,500 and $7,400 support levels against the US Dollar. The price could grind higher towards […]

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Goldman Sachs’ Call to Buy Gold Cheers Bitcoin Bulls; Here’s Why

Bitcoin bulls were cheerful this Tuesday as a top analyst’s call to purchase gold amidst the Coronavirus-induced market turmoil created similar opportunities for the cryptocurrency. Jeffrey Currie, a commodity researcher at Goldman Sachs, said in a note that the yellow metal has reached an “inflection point” after the Federal Reserve announced that it would buy […]

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House Democrats Propose ‘Digital Dollar’ in Move Big For Bitcoin: Here’s Why

11 years after Satoshi Nakamoto launched Bitcoin, some facets of the U.S. government have finally indicated that they are seriously considering the creation of a digital dollar, a move that many say could validate cryptocurrencies, especially BTC. Digital Dollar? According to a Bloomberg Law report released Monday, Democrats in the House of Representatives are seriously […]

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Here’s Why Bitcoin Bears Must Wait for $6K Considering A Correction Is Due

Bitcoin is showing signs of a decent recovery above $5,000 against the US Dollar. BTC price could recover further towards the $6,000 resistance, where the bears are likely to take a stand. Bitcoin is slowly rising and it is trading nicely above $5,200 against the US Dollar. A break above $5,600 is likely to lead […]

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Bitcoin Just Faced a Dire Rejection at a Key Technical Level; Here’s What This Means

Bitcoin has entered a firm bout of sideways trading in the days following its recent meltdown from highs of $8,000 to lows of $3,500. The rebound that occurred in the time following this intense selloff led the crypto into the lower-$5,000 region, which is where it has been trading at ever since. It now appears […]

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Here’s Why Bitcoin Could Rip to the Upside, Moving Past $8,000

Over the past few hours, Bitcoin has mounted a comeback; after falling as low as $7,590 in step with a similar drop in the price of equities, the cryptocurrency surged towards $7,900. While some say this is just volatility, there is purportedly evidence that an uptrend is forming, one that could take BTC above $8,000, […]

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Do or Die For Bitcoin Bulls: Here’s What Could Trigger Short Term Rebound

Bitcoin is facing a crucial resistance near $8,200 against the US Dollar (as discussed yesterday). BTC price could trade in a range for a few sessions before the next move. Bitcoin is trading in a bearish zone below the $8,200 resistance area against the US Dollar. The bulls are putting up a fight to defend […]

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Ethereum is Outperforming the Market Today, Here’s Why

A vast majority of the crypto market has been in a slump for the past 24 hours, but Ethereum stands apart as the lone top 5 coin in the green. Let’s take a look at why the #2 asset may be outperforming the market right now Is the DeFi recovery turning investors bullish? DeFi may […]

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Bitcoin Just Reversed and $8,400 Is Imminent, Here’s Why

Bitcoin failed to continue above the $9,200 resistance and it is down more than 4% against the US Dollar. BTC is now trading in a bearish zone and it could slide further below $8,700. After forming a short term top near $9,211, bitcoin price declined sharply below $8,880. The price is now trading well below […]

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Bitcoin Price Climbing Back to $9K — Here’s the Key Level to Break

Bitcoin investors are showing a surge in confidence as the price fast approaches $9K and traders set their sights on prices higher targets. Since making a strong attempt at reclaiming the $9K mark at the start of the month, Bitcoin (BTC) price has pulled back slightly but now trades in a tightening range between $8,662 […]

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Here’s Why Bitcoin Could Rally 100% to $18,000 by the 2020 Halving

Bitcoin hasn’t fared too well over the past week; after hitting $10,000 last weekend, the price of the leading cryptocurrency fell, tumbling from that key psychological resistance to a price as low as $8,450 (TradingView data) — a drop of 15%. While there are a number of analysts hinting that this retracement is a precursor […]

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Here’s How You Can Invest In Bitcoin Retirement Plans

With the Bitcoin and crypto revolution accelerating, interest in retirement-focused investment is growing. Whereas long-term savings is always a good idea for anyone seeking financial security, the unique nature of blockchain assets requires greater care and understanding to ensure success. Do Your Research With such a rapid pace of development and adoption, seeking to apply […]

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Bitcoin Just Saw A Key Technical Breakdown: Here’s Why BTC Could Dive Below $9K

Bitcoin failed to stay above the $9,500 support and declined more than 5% against the US Dollar. BTC price is now trading in a negative territory and it could slide below $9,000. Bitcoin started a major decline below the $9,500 and $9,350 support levels against the US Dollar. The price is approaching the $9,000 support […]

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Do or Die for Bitcoin Bulls: Here’s A Crucial Breakout Zone For A Sharp Recovery

Bitcoin managed to stay above the $9,350 support area against the US Dollar. BTC price is currently recovering, but it must surpass $9,825 for a strong upward move. Bitcoin price is currently correcting higher from the $9,350 support area against the US Dollar. There is a strong resistance waiting on the upside near the $9,825 […]

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This Pattern Suggests Ethereum’s Rally is Far from Over; Here’s How High It May Go

It’s no secret that Ethereum has been one of the best performing major altcoins of 2020, with its rally turning parabolic after it broke above $200. This parabolic rally – which occurred over the span of roughly two weeks – allowed ETH to surge as high as $290. Although the crypto’s parabolic uptrend has stalled […]

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Bitcoin Price Returns Above $10K, Here’s Why

Bitcoin’s recent golden cross on the daily chart may have driven bullish enthusiasm for the leading crypto to reach a tipping point. With the upcoming halving, many investors are buying up sub 10K BTC in preparation of the supply-side shock. Golden cross has traders seeing visions of green candles After May, when Bitcoin’s upcoming halving […]

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Bitcoin Now in Firm Bull Territory; Here’s Why a Move to Fresh 2020 Highs is Imminent

Bitcoin (BTC) saw some intense bull-favoring volatility this morning when the cryptocurrency rallied from $9,600 to over $10,000, with the latest upwards movement marking an ardent defense of the support that exists around $9,500. This latest break above $10,000 may lead the cryptocurrency to see significantly further upwards momentum, as it has marked a notable […]

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Ethereum Trend Overwhelmingly Bullish: Here’s Why ETH Could Rally Past $300

Ethereum jumped back above $260 and $270 against the US Dollar. ETH price is now consolidating above $275 and it could soon surpass the $288 resistance area. Ethereum is back in a positive zone, with a strong bullish bias above $275 against the US Dollar. The price is likely to accelerate gains towards the $300 […]

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Here’s Why Bitcoin Bulls Need To Be Very Careful Here: A Big Pullback Is Still Possible

Bitcoin declined to a new weekly low at $9,483 before recovering against the US Dollar. BTC is back above $9,700, but it is still trading below a few key hurdles ($9,950 and $10,000). Bitcoin price started an upside correction after trading as low as $9,483 against the US Dollar. There are positive signs on the […]

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Bitcoin Risks Massive Plunge even amidst Golden Cross Setup; Here’s Why

Is the price of bitcoin preparing for a massive price rally ahead? Many traders believe so. The optimistic sentiments emerge owing to a potentially bullish factor. The bitcoin’s 50-daily moving average this Tuesday inched above its 200-daily moving average, a pattern known as Golden Cross. Golden Cross formation hints an upside price rally | Source: […]

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Bitcoin Highly Bullish Despite Selloff; Here’s What Could Propel it to $11,000

Bitcoin corrected lower sharply from the $10,500 resistance against the US Dollar. However, BTC is still above the key $9,800 support and it could soon rally again. After trading to a new 2020 high, bitcoin price corrected lower from $10,507 against the US Dollar. The price declined below the $10,200 and $10,000 support levels. There […]

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