Bitcoin – Page 29 – BitcoTasks BLOG

Bitcoin Exchange Outflows Soar To Yearly High – Could This Fuel A Return To $70,000?

August 11, 2024

The recent slide in price of Bitcoin below the $60,000 threshold, followed by a subsequent drop below $50,000, might finally be showing signs of reversal, as suggested by the latest buying trends. These trends indicate a strong accumulation phase among large-scale investors, commonly known as whales, who have been capitalizing on the price dip to…

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Bitcoin To Rally To $250,000 If This Condition Is Met, Analyst Says

August 11, 2024

Bitcoin

The price of Bitcoin has shown no significant movement in the last day rising by only 0.78% according to data from CoinMarketCap. Following a widescale crash in the global financial markets, the crypto market leader pulled off a strong recovery in the past week, gaining by 16% to reach a peak of $62,000. As Bitcoin…

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Bitcoin Penetrating Mainstream Macro Capital Markets – What About Ethereum?

August 11, 2024

Cryptocurrency Market News

Most large-cap cryptocurrencies, including Bitcoin and Ethereum, have not exactly lived up to the hype and promise in the second half of 2024. Investors saw the general market experience a negative start to the past week, with most assets shedding a significant portion of their value. Interestingly, this recent price action has offered a unique…

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Bitcoin Death Cross Threatens To Trigger Crash If Price Does Not Hold $62,000

August 11, 2024

Bitcoin

Crypto analyst Benjamin Cowen recently discussed the impact of the death cross indicator, which has appeared again on Bitcoin’s chart. Thanks to this indicator, the $62,000 price level has become crucial to Bitcoin avoiding another price crash. Cowen noted in a rise to $62,000 brought about the Death Cross, which now threatens lower prices for…

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Solana: Consolidation Phase Starts As Token Movement Plateaus

August 10, 2024

Cryptocurrency Market News

After the market’s astonishing recovery, Solana (SOL) has entered another consolidation phase leading to lower volatility which gives the bulls much-needed rest after capturing huge gains. According to Coingecko, the token is down a measly 2% in the past 24 hours but is still in the green at the 30-day timeframe at over 9% gains.…

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Bitcoin Set For Critical Price Resistance Encounter – Analyst

August 10, 2024

Bitcoin

The price of Bitcoin has continued to maintain an impressive recovery trajectory following an earlier dip in the week, which saw the asset trade below the $50,000 price mark. The crypto market leader was greatly affected by a widespread decline in the global financial markets, losing over 16% of its market value, due to fears…

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Is Bitcoin Headed For A Rally Or Ruin? This Key Price Point Could Decide

August 10, 2024

Bitcoin News

Although Bitcoin has seen a noticeable rebound following its negative price performance on the red Monday witnessed this week, the asset now appears to be at a critical juncture, according to prominent crypto analyst Benjamin Cowen. Cowen disclosed in a series of potential recovery or further losses. However, BTC’s only ability to avoid the further plunge…

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Grayscale Forecasts Bitcoin To Retest All-Time Highs By 2024 End If US Avoids Recession

August 10, 2024

Bitcoin News

The Bitcoin market experienced a major downturn earlier this week attributed to concerns regarding the US economic outlook and increased volatility in the broader financial markets. Notably, Ethereum’s performance lagged, potentially influenced by heightened futures market activity and selling pressure from select large holders. Despite these challenges, asset manager and exchange-traded fund (ETF) issuer Grayscale…

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Bitcoin Makes Sharp Recovery, But Watch Out For Resistance At $64,000

August 10, 2024

Bitcoin News

On-chain data shows that the Bitcoin short-term holder whales have a cost base above $64,000, which could be a potential resistance point for BTC. Bitcoin Is Not Far From Realized Price Of Short-Term Holder Whales After Rally As pointed out by an analyst in a CryptoQuant Quicktake Realized Price” here refers to an indicator that…

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XRP Has Surpassed Bitcoin, Ethereum, And Solana Combined In This Metric

August 9, 2024

Xrp

The long-standing legal battle between Ripple and the US Securities and Exchange Commission (SEC) has finally made significant progress in court, and the case may be nearing its end, with a surge for XRP. As expected, this development revitalized interest in XRP, Ripple’s native cryptocurrency, which in turn led to a noticeable surge in XRP’s…

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Chainlink Going Strong, On Track For $135 Surge By 2025 — Analyst

August 9, 2024

Cryptocurrency Market News

The community for Chainlink (LINK) has hope thanks to Alan Santana, a famous cryptocurrency expert, who says that the token may soar in the next few months. Even though there are some negative signs as we speak, Santana believes that LINK’s price will go up a lot during the next bull market, possibly hitting an…

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