Bitcoin Rally Loses Momentum: Could A Drop To $75,000 Signal The Final Correction?

Since Donald Trump’s election victory on November 5, Bitcoin (BTC) has experienced a substantial rally, reaching record highs above $108,000. However, this momentum has recently faltered, with the cryptocurrency dropping below the critical $100,000 mark, This has prompted analysts to speculate on a potential deeper correction with some experts believing Bitcoin could dip to levels around $85,000 or even $75,000 before resuming its upward trajectory.

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Bitcoin’s Path Forward: Next Major Target Set At $121,290, What’s Driving The Momentum?

Bitcoin’s price prospects look promising after its recent notable upside momentum above the $100,000 pivotal milestone. This prompts a broader bullish outlook for the cryptocurrency asset to surge significantly in the upcoming weeks to unprecedented levels as the market gradually regains its uptrend.

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Bitcoin’s sudden dip under $95k incurs $180 million in trader losses, stalls $100k momentum

Bitcoin’s price sharply declined nearly 2% on the 1-hour chart, falling below $95,000, deviating from its recent upward momentum toward the $100,000 milestone. Data from CryptoSlate shows that Bitcoin reached a low of $94,824 before recovering to $96,007 at the time of writing.

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Bitcoin (BTC) Bear Market Here, Warns Peter Schiff, and Here's Why

Bitcoin is regaining bearish momentum, and it's not something you'd want to see

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Bitcoin Holds Ground Above $68,000 Despite Small Traders’ Sell-Off

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Bitcoin Bullish Momentum Reignites: RSI Signals Potential Surge To $65,000

After experiencing a brief correction from its new yearly high of $35,300, Bitcoin (BTC), the leading cryptocurrency in the market, is showing signs of renewed bullish momentum.   As the digital asset approaches the $35,000 mark again, a key indicator is following patterns observed in 2020, suggesting a potential surge that could propel Bitcoin to reclaim its previous peak of $65,000.

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Bitcoin May Not See Lasting Bullish Momentum Until This Happens

Bitcoin might not be able to observe any extended runs of bullish momentum until this on-chain indicator reverses its trend. Stablecoin Whale Supply Has Dropped To Lowest In Six Months During the past few days, Bitcoin has registered some rise and has managed to breach the $27,000 level.

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Is Bitcoin losing its momentum?

Bitcoin showed reduced wallet growth and declining mean transaction sizes. Traders have turned bearish, and implied volatility has decreased, suggesting a period of caution in the market. BiThe post Is Bitcoin losing its momentum? appeared first on AMBCrypto.

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Bitcoin Price Touched $23,300, Will The Bearish Thesis Be Invalidated?

Bitcoin price has managed to power through and retain its momentum above the $23,000 mark. Over the past week, the coin displayed bullish momentum. In the last 24 hours, Bitcoin showed minor appreciation, however, it has remained steady above its local support level.

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Bitcoin Momentum Weakens; Support at $35K-$37K

Bitcoin (BTC) price momentum has weakened over the past month, which suggests the current trading range could persist into next week. Upside appears to be limited.

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Is Bitcoin losing market traction or gaining momentum?

Bitcoin is one of the biggest store of value assets existing at the moment. Naturally, it also becomes the point of focus for the majority. While in most cases such attention would be for the better oThe post Is Bitcoin losing market traction or gaining momentum? appeared first on AMBCrypto.

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Bitcoin Momentum Likely to Continue as Bulls Shatter Critical Resistance

Bitcoin has seen some massive momentum throughout the past few days, with the cryptocurrency’s price rallying to new highs over $30,000 as its uptrend turns parabolic Where the cryptocurrency trends in the mid-term will undoubtedly depend on whether or not bulls can maintain full control of the crypto’s upswing or if it will post a […]

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Here’s Why This Break Above $12,000 is Different from Past Bitcoin Rallies

Bitcoin’s price has seen some significant momentum throughout the past few days The cryptocurrency is currently trading at the highest price it has been at since before the summer rally came to an end This momentum appears to be the result of a confluence of different factors, including growing BTC adoption amongst corporations Just today, PayPal announced that they are planning to rollout cryptocurrency buying, selling, and storage features to all of their users Bitcoin, […]

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Bitcoin’s Volume Profile: Move Past $12,000 Will Ignite Bull Run to $16,500

Bitcoin’s price action has grown stagnant over the past few days and weeks, with the cryptocurrency struggling to gain momentum as bulls and bears battle for control of its near-term trend. Last week, the benchmark digital asset incurred some serious momentum after news broke regarding Square’s acquisition of $50 million worth of BTC. This news […]

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Analytics firm: Bitcoin investor sentiment reaches 2-year low as momentum stalls

Bitcoin’s price action has been fairly boring in recent weeks, with it establishing a wide trading range between $10,200 and $11,200. The post Analytics firm: Bitcoin investor sentiment reaches 2-year low as momentum stalls appeared first on CryptoSlate.

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Bitcoin’s positive momentum continues

After a sharp fall in March, Bitcoin has recovered and gone on to post 16-month highs. Indicators suggest that positive momentum can continue.

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Winklevoss Twins Predict Big Week For Bitcoin As Battle For $12k Reignites

After a few days of sideways trading, it seems that Bitcoin bulls have roused and are pushing BTC towards $12,000 again. The current price of Bitcoin is around $11,697 with positive momentum. On the daily chart, the first-ranked digital asset is not facing a lot of resistance until $12,123, but of course, the $12,000 psychological […]

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These 4 Factors Signal Bitcoin is Gearing Up for a Breakout Rally

The crypto market is heading into the weekend without any clear momentum, as the past week has been relatively quiet for Bitcoin Many altcoins are still maintaining their firm upwards momentum, although this appears to be slowing down as investors grow more concerned about where Bitcoin may trend next There are four factors that one analyst is closely observing that could provide BTC with better guidance in the near-term This comes as the cryptocurrency continues […]

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Bitcoin is Showing “Signs of Exhaustion” as Analysts Eye a Movement to $8,000

Bitcoin is flashing some tempered signs of strength right now as it attempts to push up towards $9,300. This comes after an extended period of trading at $9,100 and seems to mark an extension of the momentum that the crypto first incurred when it bounced from its recent lows of $8,900 last week. This momentum […]

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60% of Bitcoin Options Open Interest Expires in 6 Days; Will Fireworks Ensue?

The crypto market has continued extending its long-held consolidation phase, with this sideways trading largely coming about as a result of Bitcoin’s lack of momentum Analysts are now noting that it may persist further in the near-term, as there are no immediate catalysts for momentum One factor that could lend itself towards shifting this trend is the expiry of 60% of all Bitcoin options next week Close to $1 billion in contracts are expiring on […]

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Bitcoin News Roundup for June 5, 2020

It's bulls on parade as analysts see upward momentum for bitcoin. Here's CoinDesk's Markets Daily Podcast.

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Bitcoin, Monero dip slightly as DASH gains a bit of momentum

After a surge in its price post-halving, Bitcoin's valuation slowed down over the course of the past 24-hours. This bullish momentum was still evident in the market, at press time, but the king coin'sThe post Bitcoin, Monero dip slightly as DASH gains a bit of momentum appeared first on AMBCrypto.

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$7,700 to $7,300: Where Bitcoin Is Heading After Violent Rejection

Bitcoin (BTC) has been caught in a firm uptrend over the past several days, which has primarily been the result of the massive upwards momentum that was sparked when it tapped lows of $6,400 earlier last week.

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Uncertainty Looms as Bitcoin Records near Term Bullish Momentum to $7,400

Coinspeaker Uncertainty Looms as Bitcoin Records near Term Bullish Momentum to $7,400After reaching a price level of $ 7340. 59 after the opening, the Bitcoin market was able to reverse during the session as the bears took control.

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Bitcoin Begins Forming Coveted Bull Cross

Overnight Bitcoin (BTC) was able to incur a significant amount of upwards momentum that sent it shooting past its previously established resistance level around $10,800, and any extension of this upwards momentum is highly likely to send the crypto into the $11,000 region in the very near-future.

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Analysts are Still on Edge About Potential Bitcoin Collapse Despite Momentum

Save for news that Bitcoin (BTC) news publication CCN is shutting its doors, Monday was quiet for the crypto industry. But, BTC rallied anyway, quickly rushing past $7,800 and $8,000 in rapid succession during the wee hours of Monday morning.

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Bitcoin Hits $7,250 In Surprising Weekend Move: Is There Momentum?

Jeez… Bitcoin Hasn’t Stopped Yet Call us a broken record, but wow, Bitcoin (BTC) has been on an absolute tear. As of the time of writing this, the asset has just tapped $7,100 for the.

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Bitcoin ‘HODL Waves’ Chart Shows Price Building Momentum

Woobull. com, a provider crypto asset market, and network data has added new charts to its Bitcoin price, momentum, volume, and volatility platform. Bitcoin Price Building ‘Momentum’ The news was originally announced in a tweet by Willy Woo, market analyst and founder of Woobull.

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Bitcoin Cash Price: $800 Resistance has Been Obliterated

It doesn’t happen all that often all of the leading cryptocurrencies are in the green across the board. Both the one-hour and 24-hour changes look incredibly promising as of right now. This positive momentum is pushing the Bitcoin Cash price toward $800 once again, which shows there is a lot of positive momentum looming ahead. […]

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Price Watch: Bitcoin, EOS, Ripple, Bitcoin Cash, Cardano Gain Momentum

As cryptocurrency and blockchain continue to attract new investment, more institutional capital and regulatory oversight pervade the global markets. In light of recent developments, cryptocurrency prices are showing signs of gaining positive momentum.

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Bitcoin – Bullish Momentum Builds

Welcome traders and investors, to your weekly price update on bitcoin and gold. At the time of writing, bitcoin is trading at $6,490. It has recently retreated from the $6,600 region, which it had been trying to... Bitcoin – Bullish Momentum Builds

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Bitcoinist is a bullish reversal or Relief Rally

Bitcoin has recovered nearly 13% after scraping its knees on a new 2018 low, but is the current uptick in momentum just a relief rally or the makings of a bullish reversal? The general outlook for Bitcoin remains overwhelmingly bearish as the cryptocurrency is roughly 70% down from it’s all-time-high and most long-term indicators remain

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Bitcoin Price Analysis: Is this a Relief Rally or a Bullish Reversal?

Bitcoin has recovered nearly 13% after scraping its knees on a new 2018 low, but is the current uptick in momentum just a relief rally or the makings of a bullish reversal? Market Overview After scraping the bottom of the barrel last week, Bitcoin appears to have mustered enough short-term momentum to attempt a bull reversal but, at the time of this writing, this is yet to be determined.

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Ran Neu-Ner Expects Bitcoin’s [BTC] Price to Hit $5,350

While some investors are confident about the long-term growth of the crypto market, the fact remains that the current price has not yet recovered from the big correction in January. The market, which started to pick up in April, failed to sustain its upward momentum and peaked in early May before going downhill once more.

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Crypto Markets Hold Recent Gains, Bitcoin Gaining Momentum Over $6,500 Price Point

Crypto markets are holding their recent gains, with BTC trading above $6,500, ETH above $460, and XRP up a solid 3% over the past 24 hours

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Litecoin Price: Positive Momentum Seems to go by Unnoticed

The ongoing “luck of the draw” for all cryptocurrency markets seems to hold up quite well. Although a few currencies have suffered from minor losses, the Bitcoin price is still in the green.

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Bitcoin Price Builds Momentum for Push to $7K

The bullish falling channel breakout has opened the doors for a stronger rally towards the $7,000 mark.

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Bitcoin (BTC) Price Watch: Another Bullish Continuation Signal

Bitcoin Price Key Highlights Bitcoin price has broken above the double bottom neckline and bullish flag to signal upside momentum. Price is forming another bullish flag pattern, which might signal a continuation of the climb.

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Bitcoin Cash Price Analysis: BCH/USD Gaining Momentum

Key Points Bitcoin cash price traded further higher and broke the $750 resistance zone against the US Dollar. Yesterday’s highlighted declining channel was broken with resistance near $735 on the hourly chart of the BCH/USD pair (data feed from Kraken).

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Regulatory Maturity Will Drive Bitcoin Bullish Momentum, Says Analyst 

Octagon Strategy, one of Asia’s largest digital asset brokerages, remains bullish on Bitcoin despite the recent downward trajectory that pushed the price below the $6,000 barrier last Friday.

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Bitcoin Cash (BCH) Daily Price Forecast – July 2

BCH/USD Medium-term Trend: Bearish Supply zones: $900, $950, $1000 Demand zones: $600, $550, $500 Bitcoin Cash continues in bearish trend in the medium term. The pullback by the bulls that occurred over the weekend pushed the cryptocurrency to $745.

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Bitcoin Cost Investigation: Modern Moo on Moo Volume Breeds Potential Bullish Set-up

Bitcoin sits precariously perched at the bottom of the annual market low and many bitcoin investors aren’t sure what to make of it. However, something to note about this bearish close is the lack of volume and lack of momentum on the follow through.

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Bitcoin Price Analysis: New Low on Low Volume Breeds Potential Bullish Set-up

Bitcoin sits precariously perched at the bottom of the annual market low and many bitcoin investors aren’t sure what to make of it. Although the market seems to be continuing its drift to new lows with greater and greater ease, there are a couple of bullish signals worth considering while the market continues to consolidate: Figure 1: BTC-USD, Daily Candles, New Market LowOn Friday, June 29, 2018, for the first time this year, the daily candles closed below the annual low of $6,000s.

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Bitcoin Cash Price: Massive Gains Drive Value to $750 and Perhaps More

As was to be expected, the weekend has brought some much-needed relief to all cryptocurrency markets. Although these gains can still be wiped out fairly quickly, the Bitcoin Cash price enjoys a brief spell of positive momentum.

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Bitcoin (BTC) Price Watch: Another Day, Another Breakdown

Bitcoin Price Key Highlights Bitcoin price was previously consolidating in an ascending triangle pattern before breaking lower. This suggests that further losses are in the cards, especially as a small bearish flag is forming.

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Bitcoin Cash Price Analysis: BCH/USD’s Failed Upside Attempt

Key Points Bitcoin cash price moved a few points above $700, but it failed to gain momentum against the US Dollar. This week’s highlighted important bearish trend line was broken with resistance at $708 on the hourly chart of the BCH/USD pair (data feed from Kraken).

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Monero [XMR]’s performance exceeds expectations – 14% hike in the past 24 hours

While the cryptocurrency market is constantly showing high volatility, the prices of various coins which were on the bearish side have been gaining the momentum back. On 24th June, Bitcoin [BTC], was trading at its monthly low of $5826 has bounced back to $6167 today.

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Ripple XRP Could Rise 1360% Hitting $7.00

The cryptocurrency boom in December 2017 and January 2018 injected cryptocurrencies into the mainstream. Popular news outlets were flooded with news about the price of Bitcoin, yes, whilst Bitcoin did see some impressive momentum, other cryptocurrencies such as Ripple XRP actually managed to make more of an impact, despite only moving up to a value of $3.

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Heavy Downward Momentum Set To Project Markets Through The Weekend, Bitcoin, Ripple And Litecoin Fall

After a slightly positive day yesterday, the markets have reset themselves on a steep negative trajectory once more. Of course, we didn’t see yesterdays progress as a sign of recovery, however we did assume that this positive momentum may have lasted a little longer than just a morning.

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