Bitcoin – Page 14 – BitcoTasks BLOG

Is Bitcoin Undervalued Now? Industry Expert Decodes The Market State

July 8, 2024

On Saturday, Bitcoin experienced a robust rally, climbing above $58,250. Despite this upward movement, it was unable to sustain the momentum and close above the 200-day Exponential Moving Average (EMA). This led to the formation of a bearish engulfing candlestick pattern on Sunday, signaling potential downside momentum. Currently, Bitcoin is trading below $56,000, positioning it…

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Analyst Hints Bitcoin Price Recovery Might Be Underway — Here’s Why

July 7, 2024

Bitcoin

Crypto analyst Ali Martinez has offered an exciting bullish projection for the Bitcoin price. This analysis is even more interesting for the premier cryptocurrency after it fell to a multi-month low over the past week. Is A Return To $60,000 On The Cards For BTC Price? In a new post on the X platform, Martinez…

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Bitcoin Critic Calls ‘Institutional Demand’ A Myth Following Recent Price Slump

July 7, 2024

Bitcoin

Popular Bitcoin critic Peter Schiff dismisses claims of growing institutional interest in the maiden cryptocurrency. Schiff’s challenging statement comes following the recent Bitcoin market sell-off which resulted in a 10% price decline on Friday. Peter Schiff Claims Little Institutional Demand For Bitcoin According to blockchain analytics platform Lookonchain, the German and US governments, and defunct…

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Bitcoin Woes Not Over? Analyst Predicts Further Crash To $47,000

July 6, 2024

Bitcoin

Although Bitcoin has reclaimed the $56,000 price level in the past few hours, its sudden drop below $54,000 on July 5 has reminded investors of the intense volatility associated with the market. In the larger timeframe, Bitcoin has been down by 7% and 20.25% in the past seven and thirty days, respectively. While many crypto…

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This Dormant Bitcoin Wallet Holding $6.8 Million BTC Just Reactivated, Are They Selling?

July 5, 2024

Bitcoin

Bitcoin has recently been plagued with massive selling pressure, with different entities looking to offload their holdings. This time, on-chain data shows a dormant Bitcoin wallet that transferred over $6.8 million in Bitcoin, suggesting that this whale may also be looking to sell their tokens. Dormant Bitcoin Wallet Transfers Funds For First Time In 12…

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Bitcoin Price Crashes Below $54,000: Top-5 Reasons

July 5, 2024

Bitcoin

In the last four days, the Bitcoin price has plummeted over 15%, with a significant 7.8% drop occurring in just the past 24 hours. From a high of nearly $72,000 in early June, the price of BTC has now declined by almost 25%. Here are the key factors behind yesterday’s dramatic fall in price. #1…

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Bitcoin Completes 9th Test Of $60,000, Where Does Price Go From Here?

July 5, 2024

Bitcoin

Bitcoin (BTC) has completed its ninth test of the $60,000 support level, hinting at a potential shift in the cryptocurrency’s trajectory. According to a crypto analyst, Bitcoin faces significant moves ahead and determining the direction of this momentum is crucial. BTC Retests $60,000 Support For The 9th Time In an X (formerly Twitter) support level…

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Bitcoin Closes CME Gap, Expert Predicts What Happens Next

July 4, 2024

Bitcoin

recent decline below $60,000. BTC’s CME Gap Has Closed Van de Poppe revealed in an X (formerly Twitter) post that Bitcoin’s CME gap has closed and added that it is time for the crypto token to enjoy a relief bounce from its current price level. From the chart he shared, Bitcoin will reclaim $60,000 as…

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Bitcoin Alert: Mt. Gox Starts Repayments With Small Exchange Transfer

July 4, 2024

Bitcoin

According to data from Arkham Intel, Mt. Gox has initiated the process of repaying creditors by transferring a nominal amount of Bitcoin to one of the designated exchanges. This development follows months of speculation and planning concerning the disbursement of approximately $8.2 billion in Bitcoin owed to creditors of the defunct exchange. Are Mt. Gox…

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Crypto Market In Panic As Bitcoin Crash To $57,000 Sends 105,000 Traders To The Slaughter

July 4, 2024

Bitcoin

The crypto market is in a state of panic with a market-wide crash that has shaken Bitcoin and altcoins. With the Bitcoin price continuing to fall from support after support, tens of thousands of traders have lost their positions, leading to hundreds of millions of dollars in losses in just the last day alone. Crypto…

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Bitcoin Price Could Massively Crash Like In May 2021, Warns Fund Manager

July 4, 2024

Bitcoin

Bitcoin’s price has fallen below the critical support level of $60,000, reaching a low of $57,914. Since Tuesday, Bitcoin has experienced a further 7% decline, reinforcing the ongoing downward trend. Currently, market sentiment is shifting markedly towards the bearish side. Is A May 2021-Style Bitcoin Crash Looming? Andrew Kang, co-founder of Mechanism Capital, has raised…

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