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Bitcoin – Page 60 – BitcoTasks BLOG
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Fact Or Fantasy? Decoding The Bitcoin Rainbow Chart’s $250,000 Prediction

Bitcoin

Bitcoin, the undisputed king of cryptocurrencies, faces a challenge as it approaches a critical moment. After a stellar run in the first half of 2024, breaking past the crucial $71,000 barrier, the digital gold has retreated, currently hovering around the crucial $61,000 support zone. This recent dip has sparked a debate amongst analysts, with some…

Fact Or Fantasy? Decoding The Bitcoin Rainbow Chart’s $250,000 Prediction Read More »

Here’s Why The Bitcoin Bottom Is In, New Highs Imminent: Crypto Expert

Bitcoin

Crypto expert Duncan (@FloodCapital) recently expressed a strong conviction that Bitcoin has reached its market bottom and is poised for new all-time highs. His analysis, shared on X (formerly Twitter), provides a detailed examination of the current market dynamics and underlying fundamentals that signal a bullish turn for Bitcoin and potentially other cryptocurrencies. Is The…

Here’s Why The Bitcoin Bottom Is In, New Highs Imminent: Crypto Expert Read More »

Spot Bitcoin ETFs See 7 Consecutive Days Of Outflows, Here’s What Happened Last Time

Bitcoin

Spot Bitcoin ETFs have entered another disturbing trend, recording outflows for one week straight. These outflows have coincided with the decline in the Bitcoin price, suggesting that the sell-offs may be directly linked to institutional sell-offs, as well as miner sell-offs. The funds have now completed seven consecutive days of outflows, so this report takes…

Spot Bitcoin ETFs See 7 Consecutive Days Of Outflows, Here’s What Happened Last Time Read More »

Bitcoin Price Reaches Rejection Zone: Can It Overcome the Resistance?

Btc

Bitcoin price recovered above the $62,000 resistance zone. BTC must clear the $62,500 resistance zone to continue higher in the near term. Bitcoin started a recovery wave above the $61,500 and $62,000 levels. The price is trading below $63,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with…

Bitcoin Price Reaches Rejection Zone: Can It Overcome the Resistance? Read More »

Will Bitcoin Have A ‘Red Monday, Green Week’? Analyst Sets $63,500 Target

Cryptocurrency Market News

Bitcoin (BTC) faced a sharp price drop as the last week of Q2 began. The dramatic decline saw the flagship cryptocurrency momentarily lose its support above the $60,000 level on Monday. The drop left many investors wondering whether the bullish rally is over. However, crypto analysts remain optimistic about BTC’s performance and consider the drag…

Will Bitcoin Have A ‘Red Monday, Green Week’? Analyst Sets $63,500 Target Read More »

Bitcoin’s Correction Is Not Done: $54K Could Be On The Horizon, Says Top Analyst

Bitcoin News

Recent trends in the Bitcoin market have shown a significant flushing out of leverage, a process commented on by prominent crypto analyst Willy Woo. While this corrective phase has seen Bitcoin’s price fall to as low as $58,000 yesterday, it has partially rebounded, currently trading around the $61,500 mark. However, the journey could be smoother,…

Bitcoin’s Correction Is Not Done: $54K Could Be On The Horizon, Says Top Analyst Read More »

Crypto Research Firm Says Bitcoin Crash Below $60,000 May Not Be The End, Here’s Why

Bitcoin

Bitcoin dropped to as low as $60,000 in the last 24 hours, and although the flagship crypto has reclaimed that level, crypto research firm 10x Research predicts that BTC can still go lower soon enough. The firm also outlined several factors that support this bearish outlook.  Bitcoin Could Drop To As Low As $50,000 10x…

Crypto Research Firm Says Bitcoin Crash Below $60,000 May Not Be The End, Here’s Why Read More »

Bitcoin Takes A Beating: Another $630 Million Exits, Price Drops Lower

Bitcoin

The once-sizzling crypto market continues to sputter, with Bitcoin, the undisputed king of the digital realm, leading the retreat. After a euphoric climb that saw it breach the $73,000 level earlier this year, Bitcoin has shed its royal cloak, plummeting to new lows and dragging the entire crypto ecosystem into a period of frosty uncertainty.…

Bitcoin Takes A Beating: Another $630 Million Exits, Price Drops Lower Read More »

Bitcoin Dives, Breaks $60K: Market Reels From Sharp Decline

Btc

Bitcoin price gained bearish momentum and traded below $60,000. BTC is signaling a short-term downtrend and might face hurdles near $62,000. Bitcoin started a fresh decline from the $62,550 resistance level. The price is trading below $61,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at…

Bitcoin Dives, Breaks $60K: Market Reels From Sharp Decline Read More »

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