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Bitcoin – Page 108 – BitcoTasks BLOG
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Bitcoin Weekly Range Breakout Signals Potential Upsurge: Analyst

Bitcoin

Popular cryptocurrency analyst and enthusiast Rekt Capital has delved into the recent performance of Bitcoin (BTC) citing the beginning of a breakout process from a weekly range that could possibly lead to an upswing. Bitcoin Begins The Breakout Process Rekt Capital previously highlighted that Bitcoin has been wedged within a weekly range he dubbed Black-Black,…

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Bitcoin-Powered Core DAO (CORE) Skyrockets By 220%, Here’s Why

Cryptocurrency Market News

Core DAO (CORE), the cryptocurrency behind the Core blockchain, has seen its price skyrocket by 220% over the last week, marking a significant milestone in its market performance. As of the last 24 hours, CORE has seen an additional 63% increase, accumulating a staggering 350% gain in just nine days. This rally has elevated Core…

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Prepping For $100,000: Bitcoin Shark And Whales Spend Over $18 Billion To Buy BTC

Bitcoin

Almost every Bitcoin investor is anticipating a continued price surge as the crypto continues to trade around the $70,000 price mark. On-chain data has shown a large part of this surge can be attributed to the accumulation by large whales.  Bitcoin is undoubtedly home to a lot of these whale addresses holding hundreds of millions…

Prepping For $100,000: Bitcoin Shark And Whales Spend Over $18 Billion To Buy BTC Read More »

Can This Bullish Chart Pattern Propel Bitcoin Price To $75,000?

Bitcoin

The Bitcoin price has experienced a notable resurgence over the past week, drawing parallels to the optimism often associated with Holy Week among Christians. This renewed momentum has infused the entire market, leading to significant profits for other major cryptocurrencies in the last seven days. The resurgence of the Bitcoin price seems to be at…

Can This Bullish Chart Pattern Propel Bitcoin Price To $75,000? Read More »

Bitwise CEO Predicts $11 Billion Drop In Bitcoin Supply Post Halving

Bitcoin

Over the last week, Bitcoin (BTC)  investors enjoyed much profit as the crypto asset gained 9.34% to trade above $71,000 based on data from CoinMarketCap. Currently, most of the BTC market is highly expectant of the potential large price gains that the current bull cycle could present.  However, commenting on the immediate future, Bitwise CEO…

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What’s A Simple Strategy For Buying & Selling Bitcoin? This Analyst Answers

Bitcoin News

An analyst has revealed a simple strategy for buying and selling Bitcoin using the historical pattern followed by two BTC on-chain indicators. These Bitcoin On-Chain Indicators Have Followed A Specific Pattern Historically In a post on X, CryptoQuant author Axel Adler Jr. discussed a simple strategy for timing buying and selling moves for Bitcoin. The…

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Coinbase Sees Largest USDC Inflow Ever, What This Could Mean For Bitcoin

Bitcoin News

On-chain data shows Coinbase has just witnessed its largest USD Coin (USDC) inflow. Here’s why this may be relevant for Bitcoin. Coinbase Has Just Seen A $1.4 Billion USDC Inflow As pointed out by analyst Maartunn in a exchange inflow,” which keeps track of the total amount of a given asset entering into the wallets…

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Grayscale Bitcoin ETF Sees Drastic 60% Drop In Outflows, Why This Is Important

Bitcoin

The outflows from the Grayscale Bitcoin ETF rocked the market hard last week, leading to a dramatic decline in the BTC price. However, with the new week, there has been a change in direction as investors begin to get bullish on Bitcoin once more. As a result, the outflows from the Grayscale ETF have slowed…

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Wyckoff ‘SOS’ Could Catapult Bitcoin To $100,000: Hedge Fund Manager

Bitcoin

Charles Edwards, founder of the Bitcoin and digital asset hedge fund Capriole Investments, published a detailed examination of Bitcoin’s current market phase suggesting a bullish trajectory, potentially reaching the $100,000 mark. The analysis hinges on the identification of a Wyckoff ‘Sign of Strength’ (SOS), a concept derived from the century-old Wyckoff Method that studies supply…

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