Bitcoin News – Page 55 – BitcoTasks BLOG

Bitcoin Dominance: Traders Preferring The OG To Dogecoin & Other Altcoins

April 30, 2024

On-chain data suggests Bitcoin has recently experienced an influx of investors while Dogecoin, Cardano, and other altcoins have seen a slowdown. Bitcoin Total Amount Of Holders Rise While Altcoins See Flat Movement According to data from the on-chain analytics firm Total Amount of Holders,” which keeps track of the total number of addresses on a…

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Bitcoin Price Prediction For May: Crypto Analyst Predicts Breakdown To $42,000

April 29, 2024

Bitcoin

Crypto analyst DonAlt has outlined a scenario where the Bitcoin price could drop to as low as the mid-$40,000. He further suggests that this price breakdown might be necessary for the continuation of BTC’s bull run. How Bitcoin Could Drop To As Low As $47,000 In an price breakout below the $60,000 range would see…

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$59,600: Analyst Explains Why Bitcoin Must Stay Above This Level

April 29, 2024

Bitcoin News

Bitcoin bulls may soon be back in business. According to Willy Woo, an on-chain analyst, market data shows that urgent “market sells” responsible for forcing the coin from all-time highs are now falling. This development may prop up prices, preventing further sell-offs. Bitcoin Selling Pressure Easing This preview is due to falling Cumulative Volume Delta (CVD)…

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This Bitcoin Metric Foreshadowed Recent Price Drops, Quant Reveals

April 29, 2024

Bitcoin News

A quant has pointed out how a Bitcoin metric may have detected selling pressure in the market, and therefore, the subsequent price drops, in advance. Bitcoin CDD Registered Spikes Before Recent Price Plunges In a new Coin Days Destroyed (CDD) on-chain indicator may be used to identify selling pressure in the market early. A “coin…

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CryptoQuant Analyst Reveals Signal That Shows Bitcoin Is Still Very Bullish

April 29, 2024

Bitcoin

The Bitcoin price movement in the past few days after the halving event has left many investors wanting. Particularly, price data shows the crypto failed to settle above $65,000 las week. At the time of writing, Bitcoin is trading at $62,105, down by 2.96% and 6.14% in the past 24 hours and seven days, respectively. …

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Legendary Trader Predicts When Bitcoin’s Bull Run Will End

April 29, 2024

Bitcoin

In a recent analysis, veteran trader Peter Brandt delved into the price behavior of Bitcoin, suggesting that the cryptocurrency might have reached its peak for the current cycle. According to Brandt, Bitcoin is exhibiting signs of “Exponential Decay,” indicating a weakening in the momentum of its bull market cycles over the years. “Does history make…

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Expert Says Bitcoin Price Has Topped And Is In Exponential Decay, Why This Is Not A Bad Thing

April 27, 2024

Bitcoin

Crypto expert Peter Brandt has boldly claimed that the Bitcoin top for this market cycle may already be in. He made this conclusion based on his “exponential decay” thesis, which he noted may actually be good for the Bitcoin ecosystem. Why Bitcoin’s Price Has Topped Brandt explained that historical data suggests that Bitcoin’s price has…

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Forbes Unveils 20 Crypto ‘Zombies,’ Declares Ripple And XRP Among The Undead

April 27, 2024

Cryptocurrency Market News

In a controversial Layer 1 (L1) tokens, which the news outlet defines as crypto assets with substantial valuations but “limited utility beyond speculative trading.” These cryptocurrencies and projects include Ripple, XRP, Ethereum Classic (ETC), Tezos (XTZ), Algorand (ALGO), and Cardano (ADA), among others. XRP And Ethereum Classic In The Spotlight Ripple Labs, the company behind…

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Expert Makes Bold Call: It’s Time To Swap Your Dollars For Bitcoin

April 27, 2024

Bitcoin News

Billionaire investor Anthony Scaramucci, the founder of SkyBridge Capital, recently discussed the viability of financial assets. He took to X, a social media platform previously known as Twitter and owned by Elon Musk, to highlight the decreasing purchasing power of the United States dollar in comparison to the potential of Bitcoin (BTC). US Dollar Vs.…

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Timing The Breakout: When Will Bitcoin Escape The Post-Halving Consolidation?

April 27, 2024

Bitcoin News

Bitcoin (BTC), the largest cryptocurrency in the market, has been trading within a re-accumulation range between the $59,000 and $70,000 price levels for the past month and a half. Crypto analyst Rekt Capital recently shared its perspective on this phase and its potential duration, drawing from historical patterns and data in a post on social…

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Bitcoin Under Pressure But Whales Hold Over $331 Billion Of BTC: A Sign To Buy?

April 26, 2024

Bitcoin News

While Bitcoin prices struggle for momentum and are caged inside a narrow range, on-chain data tells a different story. Taking to X, one analyst notes that whales, which are large crypto holders, are actively accumulating the world’s largest coin by market cap. Bitcoin Whales Accumulating Despite Weakness By the time this data was shared, Bitcoin whales…

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