Bitcoin – Page 7 – BitcoTasks BLOG

Bitcoin Price Set To Surge With $2.5 Billion Stablecoin Inflows: Research Firm

August 14, 2024

An influx of $2.5 billion in stablecoins is anticipated to potentially drive a significant surge in the Bitcoin price, as detailed in a new report by Markus Thielen, a market researcher at 10x Research. Bitcoin Price Boost Is Incoming In his latest research note, Thielen explains the critical importance of monitoring and analyzing crypto money…

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Bitcoin Flashes Inverted Triangle, Analyst Peter Brandt Explains What This Means

August 13, 2024

Bitcoin

Veteran crypto analyst, Peter Brandt has uncovered an inverted or expanding triangle pattern in Bitcoin (BTC). Utilizing classical charting principles, Brandt analyzes the technical pattern formation, highlighting its potential impact on Bitcoin’s price trajectory. What Bitcoin’s Inverted Triangle Pattern Means On August 12, Brandt took to X (formerly Twitter) to expanding Triangle pattern in Bitcoin.…

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Crypto Analyst Says End Of This Bitcoin Bear Trap Could Drive Price To $72,000

August 13, 2024

Bitcoin

A crypto analyst has unveiled a highly optimistic forecast for Bitcoin (BTC), suggesting that the end of the supposed Bitcoin bear trap could propel the price of the cryptocurrency to new highs, potentially reaching $72,000. Bitcoin Set To Hit $72,000 In a recent X (formerly Twitter) Bitcoin will surge to $72,000 soon. The analyst shared…

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Legendary Fibonacci Extension Reveals When Bitcoin Will Reach $109,000

August 12, 2024

Bitcoin

Crypto analyst CryptoCon has highlighted a technical indicator that has always accurately predicted each local high for Bitcoin in this bull run. Once again, this indicator has revealed the next local high for Bitcoin and when it will happen. When Bitcoin Will Reach A Local High Of $109,000 CryptoCon predicted in an X (formerly Twitter)…

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Bitcoin To Rally To $250,000 If This Condition Is Met, Analyst Says

August 11, 2024

Bitcoin

The price of Bitcoin has shown no significant movement in the last day rising by only 0.78% according to data from CoinMarketCap. Following a widescale crash in the global financial markets, the crypto market leader pulled off a strong recovery in the past week, gaining by 16% to reach a peak of $62,000. As Bitcoin…

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Bitcoin Death Cross Threatens To Trigger Crash If Price Does Not Hold $62,000

August 11, 2024

Bitcoin

Crypto analyst Benjamin Cowen recently discussed the impact of the death cross indicator, which has appeared again on Bitcoin’s chart. Thanks to this indicator, the $62,000 price level has become crucial to Bitcoin avoiding another price crash. Cowen noted in a rise to $62,000 brought about the Death Cross, which now threatens lower prices for…

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Bitcoin Set For Critical Price Resistance Encounter – Analyst

August 10, 2024

Bitcoin

The price of Bitcoin has continued to maintain an impressive recovery trajectory following an earlier dip in the week, which saw the asset trade below the $50,000 price mark. The crypto market leader was greatly affected by a widespread decline in the global financial markets, losing over 16% of its market value, due to fears…

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Bitcoin Price Soars Above $62,000 Again: Top 3 Reasons

August 9, 2024

Bitcoin

The Bitcoin price records a major rally in recent days. After plummeting to a low of $49,000 on Monday, the BTC price soared as high as $62,700 during the Asian trading session today. Thus, BTC has surged 24% from its Monday low. Over the last 24 hours alone, BTC has risen by 7%. These are…

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Bitcoin’s Latest Casualty: Miner Reserves Plunge to 3-Year Low, What’s Next For BTC?

August 9, 2024

Bitcoin

Amid Bitcoin (BTC) continuous struggle for a major rally to new heights, miners powering the Bitcoin network are experiencing significant economic shifts. Particularly, recent data shows a stark reduction in Bitcoin reserves held by miners, signaling potential shifts in market stance or miner strategies. Bitcoin Miner Reserves: A Plunge To 3-Year Low Following the latest…

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Mirroring The Crash: Can Bitcoin Rise As Fast As It Fell?

August 9, 2024

Bitcoin

A crypto analyst has maintained a bullish outlook on Bitcoin (BTC), the world’s largest cryptocurrency, predicting massive rallies in the future. The analyst projects that Bitcoin could rise as fast as it fell, mirroring the speed of its crash as it regains all the value shed during its decline. Bitcoin Set For Rapid Recovery In…

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CryptoQuant CEO Says Bitcoin Price Could Reach New ATH If It Holds This Level

August 8, 2024

Bitcoin

Following the Bitcoin price crash below $60,000, hopes for the BTC price to reach a new all-time high, at least for the short-term, seem to have been shattered. However, over the long term, analysts still expect that the Bitcoin price will still rebound from here. One of those who believe that the BTC price will…

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