bitcoin price – Page 7 – BitcoTasks BLOG

Bitcoin Price Prediction: VanEck Envisions $2.9 Million BTC By 2050

September 3, 2024

Amid ongoing volatility for the Bitcoin price, which has struggled to reclaim its all-time high of $73,700, bullish predictions continue to emerge for the leading cryptocurrency. The latest forecast comes from VanEck, asset manager and Bitcoin ETF issuer with over $100 billion in assets under management. Bitcoin Price Projection In a recent update, VanEck projected…

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Bitcoin Needs To Break $70,000 For The Uptrend To Continue, Here’s Why

September 3, 2024

Bitcoin News

Bitcoin traders are upbeat, expecting prices to shake off recent weakness and soar above the local resistances to as high as $73,800. Even so, before the coin breaks above these liquidation regions, buyers must have conviction. Moreover, the leg up must be sustained by a fresh influx of new capital, ideally from investors fearing they…

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Bitcoin Price Rebounds, But Key Hurdles Could Stall Progress

September 3, 2024

Btc

Bitcoin price started a recovery wave from the $57,200 zone. BTC is rising, but it might struggle to surpass the $60,200 and $61,150 resistance levels. Bitcoin is attempting a recovery wave above the $58,000 support zone. The price is trading above $58,000 and the 100 hourly Simple moving average. There was a break above a…

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‘Paper’ Bitcoin On The Decline: What It Means For BTC

September 3, 2024

Bitcoin News

Data shows that the Paper Bitcoin inventory on exchanges has been on a decline recently. Here’s what it could imply for the cryptocurrency’s price. Bitcoin Inventory On Exchanges Has Seen A Drawdown Recently In a new Paper BTC. The former of these is simply the actual tokens that the exchanges are holding on behalf of…

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Bitcoin Decline Not A Cause For Alarm, $100,000 Still In The Cards, Analyst Says

September 2, 2024

Bitcoin

The Bitcoin recent price volatility, including a crash below $50,000 last month, has significantly slowed down the momentum of the bull run many analysts are anticipating. Despite the price lull, a certain crypto analyst believes that the Bitcoin bull run is still on track, predicting a sharp rise to over $100,000 once current price corrections…

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Bitcoin Ends August Down 8%: What To Expect From Historically Bearish September

September 2, 2024

Bitcoin News

The Bitcoin (BTC) price performance in August resulted in losses of 8.6% for the largest cryptocurrency, exacerbating the bearish sentiment in the market since reaching all-time highs of $73,7000 in March of this year. Since then, BTC has been unable to consolidate above key levels. However, this may not be the end of the bearish…

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Why Is Bitcoin Price Down Today? Key Reasons Explained

September 2, 2024

Bitcoin

While Bitcoin was trading at $59,076 yesterday, it dropped to as low as $57,127 during the early Asian trading session today. BTC closed the week at $57,565, once again losing important ground needed to create a bullish reversal. The trajectory is impacted by several factors. #1: Macro Fears Of A Recession The looming threat of…

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The Curse Of September: Is Another Massive Bitcoin Sell-Off Coming?

September 2, 2024

Bitcoin

significant drop in price. September To Witness Another Bitcoin Price Drop? A crypto analyst who goes username @thedefivillian on the X (formerly Twitter) platform outlined a possible price crash coming for Bitcoin. The crypto analyst points out that the last two months have seen massive drops in price for the pioneer cryptocurrency and September will…

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Bitcoin Price Drifts Lower: Will the Grind Continue?

September 2, 2024

Btc

Bitcoin price extended losses below the $58,500 support zone. BTC is struggling and could continue to move down toward the $55,000 support zone. Bitcoin is gaining pace below the $60,000 support zone. The price is trading below $59,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance…

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Bitcoin Price Under Pressure? Analyst Explains Why Retreat Below $66,000 Is Bad News

September 1, 2024

Bitcoin

A crypto analyst has pinpointed the $66,000 mark as a crucial level for the Bitcoin price and its trajectory over the coming weeks. Bitcoin Price Needs To Climb Above $66,000 — Here’s Why Popular crypto pundit Ali Martinez took to the X platform to share an interesting on-chain observation for the price of Bitcoin. This…

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Bitcoin Hash Price Hits New Low — Is It Time To Buy?

August 31, 2024

Bitcoin

The price of Bitcoin failed to capitalize on its recent momentum over the past week, losing its hold above $60,000 yet again in August. As of this writing, the premier cryptocurrency is valued at $59,131, with no significant price change in the past day. Interestingly, the Bitcoin price appears to be nearing a bottom and…

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