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Bitcoin’s Bull Case Remains Valid as Buyers Fight to Maintain $9,000

Bitcoin has been flashing some overt signs of weakness throughout the past several days and weeks This has been rooted largely in its inability to break into the $10,000 region after facing multiple strong rejections here throughout the past several days Analysts are now noting that the cryptocurrency remains in a position to see further upside, however, as long as it is able to hold above a key ascending trendline It also could soon rally […] дальше »

2020-5-23 02:00


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Bitcoin Analysts Eye Move to $7,000 Region as Support Begins Dissolving

Bitcoin has faced some mounting downwards pressure today that has led it to its key support within the lower-$9,000 region This downtrend comes after a series of strong rejections at $10,000, and was triggered by news of a 2009 BTC wallet moving crypto around This decline has led the crypto to invalidate a previously bullish technical formation, and analysts are now expecting it to see further downside in the days ahead Bitcoin is rapidly approaching […] дальше »

2020-5-22 02:00


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Here’s Why Traders Think Bitcoin is on the Cusp of Printing a $1,000 Candle

Bitcoin has continued ranging sideways within the upper-$9,000 region following a series of rejections at $10,000 The ongoing bout of sideways trading may mark buyers’ attempt to generate increased trading activity from bulls Analysts are noting that Bitcoin is nearing the apex of a large ascending triangle The resolution of this pattern could be the impetus for BTC to print a $1,000 candle Bitcoin has struggled to garner much momentum in recent times, with its […] дальше »

2020-5-21 02:00


Bitcoin’s Uptrend Could End if It Stays Below $10,000; Here’s Why

Bitcoin’s overnight swing to highs of over $9,900 has led the cryptocurrency to enter a firm bout of sideways trading that has persisted throughout the past day. The cryptocurrency’s market structure has been bolstered by its ability to find some stability in the mid-$9,000 region despite the multiple rejections it has faced at $10,000. Analysts... дальше »

2020-5-19 04:00


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These Simple Factors Suggest Bitcoin Could See a Sharp and Swift Recovery

Bitcoin saw a sharp and unexpected decline yesterday evening that led the crypto to shed over $20 billion from its market cap This decline came close on the heels of the multiple rejections that BTC has witnessed around the $10,000 region Despite the overt bearishness of this movement, analysts are noting that there are still some simple reasons why the cryptocurrency could see a swift recovery Bitcoin’s sharp overnight plunge led it to decline to […] дальше »

2020-5-10 19:00


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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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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


The 1.5 Million Wallets That Acquired Bitcoin at $8,000 Could Pose a Problem for Bulls

Bitcoin’s rebound from its mid-March lows has led the cryptocurrency to climb up towards $8,000 – a price point that is proving to be a major resistance level for BTC. This resistance has led the crypto to face multiple harsh rejections here, although buyers have remained largely unphased due to the strength of this recent... 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


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Bitcoin ETF Is a Lost Cause Until Jay Clayton Heads SEC, Says US Counsel

Every single Bitcoin ETF proposal sent to the US Securities and Exchange Commission (SEC) to date has been cold-shouldered by the regulators. The reasons cited sometimes vary, but the underlying theme remains the same in nearly all rejections and it has a lot to do with the deep sense of mistrust the SEC harbors towards […] The post Bitcoin ETF Is a Lost Cause Until Jay Clayton Heads SEC, Says US Counsel appeared first on BeInCrypto. дальше »

2019-10-12 04:34


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Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support

Since mid-February, the bitcoin market has continued to drift upward toward a band of strong, macro resistance (shown below as a red band). This slow, drift upward marks our fourth test of the resistance zone and, unlike the three prior tests, our rejection of the level has shown a weakness on the side of the bears:Figure 1: BTC-USD, Daily Candles, Fourth RejectionIf we compare the three prior rejections (labeled 1, 2 and 3), we see that the move into this resistance level was violent — and had equally violent rejections. дальше »

2019-3-29 02:21


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Bitcoin Price Analysis: Slow Grind Could Lead to Short Squeeze

Last Friday, we discussed a macro resistance level bitcoin would likely test. The level was tested three times prior and immediately rejected. Now, for the fourth time, we find ourselves situated above the level as we wait to see if our support holds:Figure 1: BTC-USD, Daily Candles, Fourth Test of Macro ResistanceThe first three attempts to hold support above the black, broken resistance have been stifled with relatively high amounts of volume. дальше »

2019-3-19 01:17


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Bitcoin Price Analysis: Could Three Times Be the Charm for This Resistance Level?

Bitcoin remains in its tightly coiled range as the market continues its sideways trend for the third week in a row. While macro support has been tested three times recently, we have yet to test the overhanging macro resistance:Figure 1: BTC-USD, Daily Candles, Narrow RangeThe blue zone outlined above shows a very strong zone of support that, over the last few weeks, has seen three strong tests and has led to a slowly upward-drifting market consolidation. дальше »

2019-3-16 01:56


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Bitcoin Price Analysis: New High Paves Potential Reversal Setup

After days and days of consolidation, bitcoin finally managed to break a new high for the first time in almost two weeks. This new high, so far, has been short lived, however, as it was almost immediately sold into by eager bears:Figure 1: BTC-USD, 4-Hour Candles, New HighOur current 4-hour candle is seeing a relatively easy retracement after days and days of an upward grind. дальше »

2019-3-9 02:08


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Bitcoin Price Analysis: Bullish Rejection Wipes Out Bitcoin’s Weekend Gains

Over the weekend, a strong rally was stifled by an even stronger rejection as the bitcoin market was shoved into a band of overhanging resistance. This band of resistance has been mentioned several times in our analyses over the last few weeks as it has proven impossible to overcome for the time being:Figure 1: BTC-USD, Daily Candles, Failed BreakoutThis run to the low $4,000s coincided with a breakout of a rather large symmetrical triangle consolidation shown above. дальше »

2019-2-26 02:42


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Gemini Committed To A Bitcoin ETF Despite Twin Rejections By SEC

The Winklevoss twins remain committed at making exchange-traded funds (ETFs) a reality in the cryptocurrency space, following two failed attempts to gain the approval of US regulators. In an Ask Me Anything (AMA) session on Reddit today, Cameron and Tyler Winklevoss, who founded the cryptocurrency exchange Gemini in 2014, said they were “working hard” at […] The post Gemini Committed To A Bitcoin ETF Despite Twin Rejections By SEC appeared first on Crypto Briefing. дальше »

2019-1-8 01:57


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Bitcoin Price Analysis: Picking Up the Pieces

Let’s be honest, unless you’re short, yesterday was catastrophic. Bitcoin was just shy of breaking $7,500 and taking the rally up another leg then unexpectedly plunged 13% and now we’re below $7k, again… Bitcoin Price Market Overview Prior to the dump, Bitcoin price BTC/USD was experiencing continued rejections as it approached $7,400 but who would have known the pullback would be this severe? Ideally, after a 27%+ run, consistent rejections signal that bulls are running Read More The post Bitcoin Price Analysis: Picking Up the Pieces appeared first on Bitcoinist.com. дальше »

2018-9-7 13:00


SEC Rejects 9 ETF Proposals From Direxion, ProShares and GraniteShares

The U. S. Securities and Exchange Commission has rejected applications from three applicants for nine Bitcoin exchange-traded funds (ETFs). The agency disapproved five leveraged and inverse ETFs from Direxion, one from GraniteShares, and another two from ProShares which would have tracked Bitcoin futures contracts. дальше »

2018-8-30 23:00


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Bitcoin Makes Gains Despite Further Bitcoin ETF Rejections and Chinese Crypto Crackdown: BTCManager’s Week in Review

Bitcoin investors were able to sleep easier these past seven days, as the price of bitcoin managed to remain firm for the second consecutive week, gaining four percent week-on-week. Crypto Market Gaining Traction Bitcoin booked gains this week despite the SEC rejecting several newly proposed Bitcoin ETFs. дальше »

2018-8-28 19:00


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Bitcoin Price Breaks $7000 Resistance To Hit Surprise Multi-Week High

Bitcoin price briefly broke above $7000 August 28, hitting a new high of $7051 on major exchanges – its highest since August 7. ETF Fever Decouples From Bitcoin Price Data from Bitcointicker and other sources confirm the multi-week highs for Bitcoin , which curiously come on the back of multiple rejections of exchange-traded fund applications by US regulators last week. дальше »

2018-8-28 16:00