bitcoin price – Page 41 – BitcoTasks BLOG

Bitcoin Bulls Are Strong: Over 450,000 Addresses Bought 273,000 BTC At This Level

May 22, 2024

Bitcoin is cooling off after an impressive 25% spike from May 2024 lows. Even with this cool-off, some analysts are upbeat, predicting the coin will extend gains in future sessions. Bitcoin Finds Strong Support Between $70,180 and $70,600 In a post on X, one analyst believes Bitcoin has strong support at around $70,180 and $70,600. The…

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Bitcoin Whales Spend $6.3 Billion In One Day As Historic BTC Buy Signal Appears

May 22, 2024

Bitcoin

Bitcoin whales are not backing down from the market and have continued to capitalize on the pump by buying every dip. The most recent dip toward $60,000 saw these large investors gobble up BTC at an alarming rate, with their daily spending coming in at billions of dollars. Bitcoin Whales Buy $6.3 Billion Worth Of…

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Bollinger Bands Inventor Foresees Bitcoin Pullback: Key Levels To Watch

May 22, 2024

Bitcoin

Renowned financial analyst John Bollinger has recently issued a caution regarding the potential for a Bitcoin pullback. After BTC price surged from below $66,000 to almost $72,000 at the beginning of the week, Bollinger, the creator of the widely utilized Bollinger Bands indicator, pointed to specific features in the Bitcoin price chart that suggest a…

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Bitcoin Dips but Holds Strong: Bullish Momentum Intact

May 22, 2024

Btc

Bitcoin price started a downside correction from the $72,000 zone. BTC is now consolidating near $70,000 and might eye another increase in the near term. Bitcoin struggled above the $71,800 resistance zone. The price is trading above $69,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support…

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Bitcoin Analyst Says The BTC Leg Up Is Halfway: Next Stop $74,000?

May 21, 2024

Bitcoin News

Bitcoin is firm, recently trending above $71,200 and easing past local resistance levels, much to the delight of holders. However, the current leg up is just the beginning for Willy Woo, an on-chain analyst. Bitcoin Rally Getting Started: Analyst Taking to X, Woo, who has been maintaining a bullish outlook for the world’s most valuable…

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Institutional Investors Pour $942 Million Into Bitcoin, Will This Trigger A Rally To $80,000?

May 21, 2024

Bitcoin

Institutional investors are doubling their bets on Bitcoin, with investment funds related to the flagship crypto recording massive inflows last week. This development signals a bullish sentiment among these investors which could trigger a Bitcoin rally to $80,000. Bitcoin Investment Funds Record $942 Million In Inflows According to CoinShares’ latest weekly report, Bitcoin investment products…

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Bitcoin Price Soars Back: Reclaims the Coveted $70K Milestone

May 21, 2024

Btc

Bitcoin price gained over 8% and surged above $70,000. BTC is now consolidating gains and showing signs of more upsides in the near term. Bitcoin started a fresh increase above the $70,000 resistance zone. The price is trading above $79,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming…

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Bitcoin ETF Inflows Soar To Highest Level In Months As BTC Price Surges Past $68,000

May 21, 2024

Bitcoin News

After enduring a significant 20% price correction earlier this month that saw Bitcoin fall below $56,400 and increased outflows from the Bitcoin ETF market, the world’s largest cryptocurrency has managed to stage a strong comeback. It has broken above the key $66,000 resistance level and turned it into a new support zone. BTC Bounces Back…

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Bitcoin Price Mirrors Historical Pattern That Led To $1,200 Surge, Will History Repeat Itself?

May 20, 2024

Bitcoin

Crypto analyst TechDev has provided insights into the flagship crypto was currently mirroring its price action in 2017 and could soon make a parabolic rise like it did back then. History Could Repeat Itself TechDev shared a chart on his X (formerly Twitter) platform with the caption, “The more things change, the more they stay…

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Bitcoin Whales Are Not Selling, BTC Has Strong Support Above $60,000

May 20, 2024

Bitcoin News

Bitcoin is rising, recently breaking above $67,000, and heading towards the all-important $70,000, a psychological round number. One analyst took to X amid this uptick, noting that whales holding over 1,000 BTC are not moving their coins to exchanges. Instead, they likely expect prices to spike higher in the coming days and weeks. Though movements…

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Bitcoin Retail Investors Are Dumping Amid Jump To $67,000, Why This Is Good For Price

May 20, 2024

Bitcoin

The bullish for the Bitcoin price. Bitcoin Retail Are Dumping Their Bags In a report on X (formerly Twitter), the on-chain data tracker Santiment revealed an interesting trend among small-time Bitcoin investors. As the price of Bitcoin rallied past $67,000 over the weekend, these small wallets took this as the time to sell and secure…

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