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These Simple Factors Show Why Bitcoin’s Recent Rally was So Important

Bitcoin’s rally yesterday allowed it to erase virtually all of the losses that resulted from its mid-March meltdown This movement did more than just boost its technical outlook, as it has also bolstered BTC on multiple other fronts One analyst is also noting that this was a “spot dominated” movement, meaning that it may actually prove to be highly sustainable Bitcoin saw a massive rally yesterday that allowed it to erase virtually all of the […] дальше »

2020-5-1 02:00

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Here’s Why Bitcoin Could Rally to $10,000 Before Seeing a Brutal Decline

Bitcoin’s intense volatility seen yesterday didn’t let up overnight, as the benchmark cryptocurrency pushed as high as $9,500 before facing a swift rejection The crypto has been able to stabilize within the upper-$8,000 region in the time since Analysts are now noting that this strong upwards momentum could lead BTC as high as $10,000, although it may face a brutal rejection at this level that leads it significantly lower Bitcoin and the aggregated cryptocurrency market […] дальше »

2020-5-1 21:00

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Bitcoin’s Move Past $8,000 Liquidates Millions; Sends Bears into Hiding

Bitcoin’s overnight upswing allowed the crypto to gain what appears to be a firm foothold within the $8,000 region This movement came about shortly after the extended period of sideways trading that it faced throughout the past several days It also liquidated millions of dollars in short-positions, leading BTC’s open interest to dive as bears go into hiding Bitcoin’s notable overnight rally has marked a major extension of the uptrend that was first sparked when […] дальше »

2020-4-30 02:00

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Bitcoin Just Shattered an “Optimal Short” Level; Here’s What This Means

Bitcoin saw a surprising overnight surge that allowed the cryptocurrency to capture a position within the $8,000 region This movement came about after an extended period of consolidation and multiple firm rejections at $7,800 BTC’s present momentum may not last too long, however, as the crypto is fast approaching a level that analysts are describing as an “optimal short” due to the resistance that has been established here Bitcoin’s intense uptrend from its recent lows […] дальше »

2020-4-30 21:00

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Bullish for Bitcoin: Data Shows “Regulation Sensitive” Institutions are Long

As Bitcoin’s mining rewards halving fast approaches it appears that some notable investors are taking notice Data suggests that large regulation-sensitive institutions are going long on BTC This comes in tandem with a massive spike in accumulation rates from Bitcoin whales, signaling that investors across the board are anticipating some bull-favoring volatility Bitcoin’s highly anticipated mining rewards halving event is less than two weeks away, and cryptocurrency investors are on the edge of their seats […] дальше »

2020-4-29 02:00

Ahead of halving, volatility metric shows Bitcoin is near recent “sell-off” levels

Bitcoin’s recent price rise is attributed to the much-awaited halving event on May 12, but one metric suggests a sell-off is due if past samples are considered.  Metric close to previous levels but not “holy grail” On-chain analytics provider Skew noted Bitcoin’s implied volatility indicator neared previous  “sell-off” zones — specific instances where certain levels […] The post Ahead of halving, volatility metric shows Bitcoin is near recent “sell-off” levels appeared first on CryptoSlate. дальше »

2020-4-29 20:30

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Bitcoin’s Implied Volatility Craters after Bears Fire “Warning Shot”

Bitcoin’s implied volatility has cratered in recent times, plummeting back to its pre-crash levels This comes as the cryptocurrency continues extending its intense uptrend as bulls attempt to propel BTC back up towards the $8,000 region Bears have firmly established the upper-$7,000 region as a strong resistance region, and analysts don’t expect it to be surmounted anytime soon Bitcoin has continued extending its recent uptrend despite facing multiple strong rejections at $7,800 yesterday. One trend […] дальше »

2020-4-28 02:00

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Bitcoin Could Soon Break its 200-Day MA, Triggering Next Uptrend

Bitcoin has been able to once again push into the upper-$7,000 region after facing multiple rejections here throughout the past few days The cryptocurrency is pushing up against its 200-day moving average – a key trend-determining level A break above this 200-day MA could spark a major upside movement, with some analysts thinking this is imminent After facing multiple harsh rejections within the upper-$7,000 region throughout the past couple of days, Bitcoin has been able […] дальше »

2020-4-28 21:00

Analyst: this statistical model says there’s a 75% chance Bitcoin rallies even higher next week

Yes, the price of Bitcoin may have stalled over the past three days, stagnating around $7,500, but the cryptocurrency is still decisively bullish from a macro perspective, analysts say. In fact, should BTC close the weekly candle above $7,100 in approximately seven hours as of this article’s writing, this will be the sixth — yes, […] The post Analyst: this statistical model says there’s a 75% chance Bitcoin rallies even higher next week appeared first on CryptoSlate. дальше »

2020-4-28 17:00

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Institutional Traders Highly Active as Importance of Bitcoin’s Rally Grows Clear

Bitcoin’s recent rally has sparked a massive influx of activity from large retail and institutional futures traders This heightened trading activity comes as the crypto reaches a “make or break” price level that could determine how it trends in the weeks and months ahead Bitcoin incurred a notable uptrend yesterday morning that allowed it to climb from lows of $7,100 to highs of $7,800 before it met some resistance and declined back down to its […] дальше »

2020-4-26 02:00

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“Simple Geometry” Shows Bitcoin is Bound to Drop Despite Healthy Consolidation

Bitcoin has stabilized above $7,500 following yesterday’s upswing Analysts are now noting that a confluence of factors suggest BTC will decline slightly before finding enough support to catalyze continuance of this uptrend This comes after a period that some traders have described as “healthy consolidation” Bitcoin has been able to maintain all of its recent gains overnight, as the benchmark cryptocurrency has begun stabilizing above the $7,500 region even in spite of the strength of […] дальше »

2020-4-26 21:00

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Is another Bitcoin boom already in motion?

This year has been bittersweet for Bitcoin so far. The journey which most people thought was going to be smooth has turned out to be something else. Irrespective of the fact that Bitcoin and the crypto market are struggling this year, the digital coin has still managed to put up a fair performance since March […] дальше »

2020-4-25 11:08

$75 million liquidated: Bitcoin’s power move leaves trail of destruction for bears

Bitcoin saw an explosive upside movement earlier today that caught the cryptocurrency’s bears off-guard, leading to over $75 million in positions to be liquidated. Open interest (OI) on popular crypto trading platform BitMEX has also plunged in the time following this movement, with the freshly liquidated positions apparently leading many traders to move to the […] The post $75 million liquidated: Bitcoin’s power move leaves trail of destruction for bears appeared first on CryptoSlate. дальше »

2020-4-25 08:00