Bitcoin is Defending a Crucial Macro Level as Bulls Show Signs of Strength

It is growing increasingly clear as to just how important $10,000 is for Bitcoin’s macro price action, as this level has been ardently defended by bulls on multiple occasions BTC has been trading around the level for the past several days, with each dip below it proving to be highly short-lived Bulls’ slight displays of strength whenever the crypto dips below this level are a positive sign for its near-term outlook One analyst is now […] дальше »

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Ethereum’s Macro Price Action Suggests It May Hit $5,500 in 2021; Here’s Why

Ethereum has flashed some signs of technical strength throughout the past few hours, which has come about due to the rebound seen by Bitcoin. The cryptocurrency’s ability to surge from lows of $325 earlier today to highs of $355 is a positive development for its near-term outlook, as it does seem to suggest that bulls […] дальше »

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Why Bitcoin Is A Valid Hedge For Whales And Institutional Investors Despite Lackluster Price Performance

Bitcoin’s price sentiment for September has changed compared to the bullish outlook that reigned in July and August. Analysts were targeting a breakout beyond $12K in the previous two months, but Bitcoin is currently struggling to stay above the $10k mark. дальше »

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Analysts Set Their Sights on a Move to $9,600 as Selling Pressure Mounts

Bitcoin has been facing unusually strong selling pressure throughout the past few hours, which appears to be coming from multiple large mining pools This caused the price of BTC to crater, dropping as low as $10,700 before finding some support that allowed it to climb significantly higher One analyst is now noting that this latest decline struck a blow to its technical outlook, leading him to set his sights at $9,600 A decline to these […] дальше »

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Ethereum’s Mid-Term Outlook Remains Extremely Bullish Despite Today’s Drop

Ethereum has seen some rocky price action over the past few days, with sellers gaining clear control over its price action today after pushing it down over 20% from its multi-day highs. This selling pressure has come about in tandem by that seen by both Bitcoin and the rest of the crypto market, with this […] дальше »

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Cosmos, Maker, XRP Price Analysis: 3 September

All the following coins, XRP, Cosmos, and Maker, had a bullish outlook, with a 5-15% surge incoming. This could be due to the recent crash in Bitcoin's price, crash that pulled down its value from $11The post Cosmos, Maker, XRP Price Analysis: 3 September appeared first on AMBCrypto. дальше »

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Bitcoin’s Increase: Still Corrective or a New Upward Movement?

The Bitcoin (BTC) price is approaching a decisive daily and weekly close, which will be essential in determining the direction of the next move. Bitcoin’s Candlestick Outlook On Aug. 25, the bitcoin price created a bearish engulfing candlestick that took the price to a low of $11,112. дальше »

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Why Bitcoin May Need to Test $11,000 Before Climbing Higher

Bitcoin is starting to gain some slight momentum as the cryptocurrency’s price climbs up towards $11,800 This marks a notable surge from recent lows of $11,400 that were set just a few days ago, and it does appear that the crypto is poised to see further upside One factor boosting BTC’s outlook is Ethereum’s intense swing up to highs of $410 In the past, Ethereum has front-run movement seen by Bitcoin and the rest of […] дальше »

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Bitcoin Shooting Star Could Put an End to the Uptrend

During the week of Aug 17-24, the Bitcoin (BTC) price created a shooting star candlestick inside a long-term resistance area. This is a sign that the bullish trend might have come to an end. Bitcoin Weekly Outlook Bitcoin has been increasing at an accelerated rate since the week of July 20, creating four consecutive bullish […] The post Bitcoin Shooting Star Could Put an End to the Uptrend appeared first on BeInCrypto. дальше »

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Bitcoin’s Cloud Pattern Shows Bears May Still Be in Full Control

Bitcoin and the entire cryptocurrency market are currently bearing witness to relatively mixed price action While BTC has faced some intense selling pressure, it is important to note that bears have not invalidated any of its mid-term market structures As such, it remains well-positioned to see further near-term upside Despite this, one analyst is noting that the cryptocurrency’s cloud formation may spell some trouble for its near-term outlook, as it shows that it is still […] дальше »

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Bitcoin is “Fragile” as It Trades Below Multiple Crucial Levels

Bitcoin witnessed an intense influx of selling pressure yesterday that caused its price to reel down towards lows of $11,600 Although it was able to find strong support at these lows, this recent selloff forced it back below the $12,000 region This is a grim sign for its mid-term outlook, as it points to underlying weakness amongst the cryptocurrency’s bulls Analysts are now noting that it does appear to be in a “fragile” position This […] дальше »

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Why Bitcoin May See an Explosive Rally Despite Recent $12k Rejection

Bitcoin and the entire cryptocurrency market have been seeing some rather mixed price action in recent weeks. Although the benchmark digital asset currently remains caught within a prolonged consolidation phase within the upper-$11,000 region, it has been facing multiple rejections at $12,000 that have hampered its near-term outlook. дальше »

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Here’s How High One Trader Expects Bitcoin to Climb Before Forming a Top

Bitcoin faced yet another $12,000 rejection yesterday that caused the cryptocurrency’s price to reel down towards $11,700 This level appears to have been established as support, as buyers ardently defended against any break below it It now appears that the crypto’s short-term technical outlook remains unchanged, as BTC is still consolidating within the upper-$11,000 region As for where it may go next, one analyst explained that he is looking towards $13,000 as a near-term target […] дальше »

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Here’s Why Traders are Growing Cautious About Bitcoin’s Current Outlook

Bitcoin attempted to shatter its $12,000 resistance yesterday, which ultimately resulted in a rejection that led it down towards $11,700. At this price level, however, buyers stepped up and absorbed the heavy selling pressure, subsequently pushing the benchmark cryptocurrency up towards $11,900 before its momentum began slowing. дальше »

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Gold Sails Over $2,000 While Economic Fears Persist

The price of gold finally managed to break above the precarious $2,000 level during trading Tuesday, marking a new all-time high for the precious metal. The rapid pump from the previous all-time high of $1,900 reflects the growing concerns that the market has regarding the current economic outlook. дальше »

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Cryptocurrency News Roundup for Aug 3, 2020

Bitcoin started the week on a positive note after an unusually volatile weekend by recent standards. The BTC/USD price temporarily reached a local high of over $12,000. The eventful weekend was preceded by a credit-rating downgrade from Fitch who placed a “negative outlook” on the United State’s triple-A rating on Friday. дальше »

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Bitcoin [BTC] Price Prediction: Parabolic Fractals from 2019

The sentiments around Bitcoin [BTC] are currently euphoric as the digital investment asset broke above significant resistance levels. In the previous analysis, we looked at the supply characteristics and technical outlook of the graph. дальше »

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After Breaking Out, Stellar (XLM) Fails to Sustain Higher Prices

At the beginning of July, the Stellar (XLM) price broke out from a long-term resistance area. However, the price could not sustain the rally and has since fallen back below the breakout level. Unless XLM can successfully reclaim this level, it’s outlook remains bearish. дальше »

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Bitcoin Just Posted an Ultra Bullish Technical Formation Not Seen Since 2017

Bitcoin’s intense rally seen yesterday evening allowed it to surmount multiple heavy resistance levels that were previously suppressing its price action. The cryptocurrency has also bolstered its technical outlook, with multiple factors now working firmly in the favor of BTC’s bulls. дальше »

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Report: Ethereum Activity in 2020 Nearing ICO Euphoria Levels

Certain metrics tied to Ethereum’s ongoing surge in network activity and price is nearing levels seen previously in the infamous 2018 ICO market, a report noted in its Q2 market outlook. Same Conditions, Different Outcome Xangle – a research firm focused on-chain analytics for cryptocurrencies – recently released its report on “Decentralized Finance (DeFi) inRead MoreRead More. дальше »

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Why Bitcoin’s Bullish Accumulation Pattern Could Still Result in a Move to $7k

Bitcoin and the aggregated cryptocurrency market are continuing to flash some signs of strength BTC is now pushing up towards $9,600, with its slow grind higher allowing it to surmount the slight resistance it faced around this price region This recent price action does appear to confirm the existence of a bullish accumulation pattern, which is a positive sign for its outlook One analyst is explaining that the crypto could still decline towards $7,000 despite […] дальше »

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Tezos and Ontology: weekend price outlook

Tezos is exchanging hands for $3.05 while Ontology has dipped 6% in the past...

The post Tezos and Ontology: weekend price outlook appeared first on Coin Journal.

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Why a Growing Risk Appetite Could Send Bitcoin to $14,000

Bitcoin’s price saw an explosive movement higher yesterday that allowed it to surmount its multi-week resistance at $9,500 This movement was technically significant because it allowed the crypto to smash a crucial resistance that it is now being flipped into a support level How BTC trends next will be important for determining its mid-term outlook, as a decline beneath this level would point to weakness amongst bulls Holding above this level, however, could point to […] дальше »

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EOS Breaks Out from Major Resistance Line

The EOS (EOS) price has broken out from a descending resistance line that had been in place since April 2018. Along with the bullish outlook given by long-term indicators, it is likely that EOS has already begun a bullish trend and will continue increasing. дальше »

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This Indicator Signals Bitcoin’s Boring Price Action Will Come to a Violent End

Bitcoin has continued extending its unprecedented bout of sideways trading as it hovers around $9,100 The crypto has done little to offer investors with insights into its mid-term outlook Bouts of sideways trading this defined and prolonged have only occurred on a few occasions throughout the crypto’s decade-long history Each occasion has ultimately resulted in the crypto posting a massive trend-defining movement Bitcoin has been finding an unusual amount of stability around $9,100. The crypto […] дальше »

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Bitcoin is About to See “Nasty Price Action” if it Breaks One Crucial Level

Bitcoin has entered yet another consolidation phase, this time hovering around $9,200 as it reestablishes its position within its previously held range between $9,000 and $9,300. The cryptocurrency’s recent price action has done little to offer any significant insight into its macro outlook, as it still remains caught within its long-held range between $9,000 and […] дальше »

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This Technical Indicator is Signaling Bitcoin Could Soon Reel Towards $5,000

Bitcoin recently faced a rejection at $9,500 that appears to be a grim sign for its macro outlook The cryptocurrency has since reeled back within its long-held trading range between $9,000 and $9,300 How it trends next will likely depend on its reaction to this trading range Because BTC posted a failed breakout attempt, it is likely weaker now than it was during its last bout of prolonged consolidation at its current price levels One […] дальше »

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BTC Rush: High Prospects for Bitcoin Price as Mining Investments Boom

Fresh investments into mining equipment by smaller companies signals an optimistic outlook for the future of Bitcoin.

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Bitcoin Moves: Options Market Indicate Bullish Price Outlook

This week, bitcoin is making its way upwards, albeit at an extremely slow pace. Yesterday, we went to nearly $9,500 but are currently trading around $9,411 in the green with just over $1. 26 billion in ‘real’ trading volume. дальше »

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Chainlink, Dogecoin, XRP price analysis: July 05

The meme coin is the only coin with a bullish outlook in the near term while Chainlink and XRP are both hinting at a downtrend. Even if Dogecoin doesn't see price appreciation, it will witness a sidewThe post Chainlink, Dogecoin, XRP price analysis: July 05 appeared first on AMBCrypto. дальше »

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“A Resting Bitcoin Bull,” Bloomberg Outlook Reveals Likely Mid-Year BTC Price Range

Bitcoin is becoming more like gold in the macroeconomic sense and will continue outperforming its peers, Bloomberg said in its latest cryptocurrency report sent to subscribers. The Bloomberg Crypto Outlook July 2020 Edition reported the current low volatility in Bitcoin and how it would fare in the broader market that included gold, and stocks. The […] дальше »

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Bitcoin Flashes Same “Consolidation” Fractal That Sent Its Price to $20K

Bitcoin price is trending inside a lengthy consolidation pattern after rallying by up to 170 percent in the second quarter. As calls for a breakdown move grow, independent market analysis firm TradingShot has released a bullish outlook for the cryptocurrency. дальше »

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ADA Is Nearing The End Of Its Upward Move

The Cardano (ADA) price has been increasing since the beginning of April. However, the upward move has begun to show signs of weakness, forewarning that a top might be within reach. Long-Term Outlook The ADA price was consolidating near 500 satoshis in the period from August 2019 to April 2020. дальше »

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Only 27% of Circulating Bitcoin has Moved in 2020; Why This Matters

Bitcoin’s ongoing bout of sideways trading has offered little insight into its mid-term outlook. New data now shows that Bitcoin’s price action throughout 2020 has been driven by a significantly limited number of market participants, which may explain why the crypto has been ranging between $9,000 and $10,000 for over six weeks. According to one […] дальше »

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Bitcoin’s Short-Term Breakout Could Lead to a Bounce

On June 29, the Bitcoin (BTC) price broke out from a short-term descending resistance line. This could have been the beginning of an upward move that takes the price towards $9,300-$9,400. However, the longer-term outlook is still bearish, and BTC is expected to eventually decrease towards the range low. дальше »

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Ethereum Competitors Bolstered by High Fees, But ETH‘s Outlook Remains Strong

There has been a boom in demand for Ethereum in recent times, with much of this stemming from the explosive growth of the DeFi sector. Although this demand has yet to result in any type of bullish price action, it does appear that its growing utility is bolstering its macro outlook. That being said, the […] дальше »

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Bitcoin’s On-Chain Indicators Flash Buy Despite Price Stagnation

Despite Bitcoin’s current price stagnation, on-chain indicators favor the bulls, with most holders remaining unphased by market volatility. Bitcoin’s Ambiguous Technical Indicators The technical outlook for the flagship cryptocurrency remains... The post Bitcoin’s On-Chain Indicators Flash Buy Despite Price Stagnation appeared first on Crypto Briefing. дальше »

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Holding Above This Key Level Could Send Bitcoin to $14,000; Will This Happen?

Bitcoin’s consolidation phase has muddied the clarity that many investors had regarding the strength of its uptrend Because the resistance that has been laced just above BTC’s current price has proven to be insurmountable, it remains unclear as to what could push the crypto past this level Analysts still believe that the crypto’s outlook could be extremely bright In order for it to validate its potential strength, however, it is imperative that buyers push it […] дальше »

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NEO Could Keep Climbing After Brief Consolidation at Support

The NEO price has broken out above an important resistance area and moving average, and has validated them as support afterward. As long as the price stays above these two levels, its outlook is bullish and NEO is expected to continue increasing. дальше »

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Bitcoin’s Monthly Candle Flips Bullish as Macro Outlook Grows Brighter

Bitcoin has seen some mixed price action throughout the past couple of days, declining to lows of $9,400 yesterday before garnering some intense upwards momentum that allowed it to recapture its position at $9,800. дальше »

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Bitcoin Price $75K ‘Within Weeks’? Recovery Mimics 2013 700% Bull Run

BTC/USD is “perfectly” repeating its run-up to all-time highs in 2013, price analysis reveals, despite mixed feelings about 2020’s outlook. дальше »

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Here’s Why Bitcoin’s Outlook Remains Bleak as Long as It Trades Below $10,500

Bitcoin saw a sharp and unexpected rally past $10,000 yesterday that caught sellers off guard This movement allowed the benchmark crypto to rally to highs of $10,400 before it lost its momentum and declined back to the lower five-figure price region The cryptocurrency now appears to be trading at a pivotal point, and analysts are noting that it could still see further downside in the days and weeks ahead There is one level that, if […] дальше »

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NEO Looks Poised to Add On to Recent Break Out

NEO has increased by nearly 10% since May 30, breaking out from its trading pattern. After a possible retracement, the price is expected to continue its upward movement. NEO Daily Outlook Since the middle of March, the main support area for NEO was found at 116,000 satoshis. дальше »

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Goldman’s Eerie Yuan Crash Prediction Bolsters Bitcoin Bullish Outlook in June

Bitcoin eyes market growth heading into June as yuan falls to its lowest levels in eight months. Both assets have shown an erratic negative correlation in the past. Goldman Sachs sees yuan falling to its 2008 low, raising possibilities of an explosive price rally in the Bitcoin market. дальше »

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Active Ethereum Wallet Count Has Grown 350% Since 2018; What This Indicates

Ethereum’s price action has been incredibly week in the time following its parabolic movement to highs of $290 in February. It appears that there has been a divergence between the cryptocurrency’s technical outlook and fundamental strength, however, as a key data metric suggests that ETH has built immense underlying strength over the past couple of... дальше »

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Investors are Heavily Accumulating Ethereum Despite Gloomy Outlook

Ethereum has been seeing some incredibly lackluster price action throughout the past several weeks and months, setting a series of lower lows while losing ground against Bitcoin Despite showing signs of technical weakness, data shows retail investors have been busily accumulating the cryptocurrency This trend isn’t unique to just retail investors either, as data also reveals that institutional investors have also been stocking up on ETH Ethereum has seen some lackluster price action in recent […] дальше »

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Market Outlook: Golden Cross Invalidated, Andreessen Horowitz Predicts ‘Fourth Crypto Cycle’

The price of bitcoin and a number of other popular cryptocurrencies have been collectively holding a market valuation of around $255 billion. The fiat value of these cryptocurrencies has slipped downwards during the last four days. дальше »

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Bitcoin Close to $10,000 level as Gold hits a Seven-Year High

Bitcoin’s price has retracted after coming close to breaching $10,000, while a positive outlook from the Federal Reserve comes as Gold hits its highest price level in seven years Bitcoin came close to breaching $10,000 in early morning trading on Monday, as buyers pushed the coin to $9,966 on Bitstamp. дальше »

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Is Bitcoin in a Long-Term Bullish Trend?

The Bitcoin (BTC) price has created a weekly bullish engulfing candlestick and moved above a long-term descending resistance line. Weekly Bitcoin Outlook In the weekly chart, the price of Bitcoin (BTC) followed a doji from the previous week by creating a bullish engulfing candlestick. дальше »

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TRON (TRX) Price Analysis (May 16)

• Tron looks bullish both in the medium-term outlook and in the short-term outlook. • Buyers may put in their aggressive orders. TRX/USD Medium-term Trend: Bullish Key levels • Resistance levels : $0. дальше »

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