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Bitcoin News – Page 31 – BitcoTasks BLOG
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Is Bitcoin Undervalued Now? Industry Expert Decodes The Market State

Bitcoin

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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Bitcoin Price Collapse: Analyst Forecasts $44,000 Plunge On 200 Daily EMA Breakdown

Bitcoin News

The cryptocurrency market witnessed a significant setback as the Bitcoin price plummeted below the $58,000 level. This downward move has raised concerns among bullish investors, suggesting a potential continuation of the downtrend toward the $44,000 support level.  Bitcoin’s failure to consolidate above and retest its all-time high (ATH) of $73,700, reached in March, has resulted…

Bitcoin Price Collapse: Analyst Forecasts $44,000 Plunge On 200 Daily EMA Breakdown Read More »

Bitcoin Reclaims $56k But Still Faces Potential Drop to $47K, Analyst Reveals Why

Bitcoin News

Bitcoin has recently exhibited resilience that has surprised many market spectators. Following a dismal drop to a 24-hour low of $53,898, Bitcoin clawed its way back above the $56,000 mark, up 1.6% in the past hour. This rebound has been catalyzed by the latest US NFP potential further declines. Analyst Bitcoin Predictions: A Potential Drop…

Bitcoin Reclaims $56k But Still Faces Potential Drop to $47K, Analyst Reveals Why Read More »

Bitcoin Crashed Below $55,000 But Traders Are Not Fearful, Why?

Bitcoin News

As Bitcoin faces strong headwinds, breaching two critical support levels at $60,000 and $56,500 in quick succession, it may, on the surface, appear that fear is gripping the market. There are reasons to be afraid, especially for coin holders leveraging BTC in decentralized finance (DeFi) protocols, looking to take out loans using the asset as…

Bitcoin Crashed Below $55,000 But Traders Are Not Fearful, Why? Read More »

Massive Sell-Off: Mt. Gox Bitcoin Payout Fears Wipes Out $170 Billion From Crypto Market

Bitcoin News

The cryptocurrency market experienced a substantial downturn on Friday, compounding the selling pressure witnessed over the past two weeks. The leading cryptocurrency, Bitcoin (BTC), retraced over 20% from its highs in June and May, dropping as low as $53,500.  The market decline was largely attributed to the long-awaited trustee overseeing the Mt. Gox bankruptcy, who…

Massive Sell-Off: Mt. Gox Bitcoin Payout Fears Wipes Out $170 Billion From Crypto Market Read More »

Social Media Screams “Sell” As Bitcoin Crashes To $54,000: Buy Signal?

Bitcoin News

Data shows users on social media platforms have been calling to sell Bitcoin after its latest crash, a signal that contrarian traders may be waiting for. Bitcoin Sentiment On Social Media Has Turned Quite Bearish According to data from the analytics firm market drawdown. The indicator of interest here is the “Social Volume,” which basically…

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

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…

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

German Parliament Member Urges Government To Cease Selling Bitcoin

Bitcoin News

Joana Cotar, an independent member of the Bundestag, one of Germany’s legislative chambers, has called on the government to stop the ongoing Bitcoin (BTC) sell-off, which has had a notable impact on the BTC market, resulting in a 10% drop in the cryptocurrency’s price over the past two weeks.  Bitcoin As Valuable Asset Class For…

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Bitcoin Nears Bottom? QCP Analysts Spot Signs of Capitulation as Prices Tumble Below $59K

Bitcoin News

Recent trading patterns have led QCP Capital, a prominent trading firm, to highlight potential signs of a market bottom in the crypto market. Bitcoin, the leading digital currency, recently dipped below $58,000, causing analysts to focus on the behavior of miners and their possible capitulation. Such capitulation could indicate a market bottom, similar to past…

Bitcoin Nears Bottom? QCP Analysts Spot Signs of Capitulation as Prices Tumble Below $59K Read More »

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