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Bitcoin – Page 69 – BitcoTasks BLOG
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Is Now The Time To Buy Bitcoin? Latest Chart Analysis Says Yes – Here’s Why

Bitcoin News

Bitcoin has recently been spotlighted due to an intriguing buy signal identified on its hourly chart. This indication emerges amidst a notable fluctuation in Bitcoin’s price, setting the stage for potential short-term gains. Renowned crypto analyst Ali has highlighted a significant development on the hourly chart of Bitcoin, specifically noting a ‘buy signal’ detected by…

Is Now The Time To Buy Bitcoin? Latest Chart Analysis Says Yes – Here’s Why Read More »

Bitcoin Slips Under $67,000: Can BTC Rely On This Historical Support Again?

Bitcoin News

Bitcoin has observed a plunge during the past day, taking the asset’s price under $67,000. Here’s the historical support level that the asset could visit next. Bitcoin Is Now Not Far From The Short-Term Holder Realized Price As analyst James Van Straten pointed out in a post on X, the Realized Price of the Bitcoin…

Bitcoin Slips Under $67,000: Can BTC Rely On This Historical Support Again? Read More »

Is Bitcoin Crashing Because Of Miner Capitulation And Speculative BTC Bets?

Bitcoin News

Bitcoin is dumping when writing, cooling off from May highs of nearly $72,000. Down roughly 10% from all-time highs, there could be more losses on the way, at least looking at the candlestick arrangement in the daily chart. Now, Willy Woo, a Bitcoin on-chain analyst, thinks the drop is primarily because of the ongoing “miner…

Is Bitcoin Crashing Because Of Miner Capitulation And Speculative BTC Bets? Read More »

Bitcoin Crash Below $67,000 Sends Market Spiraling, Here Are The Levels To Watch

Bitcoin

The new week has been quite bearish for bitcoin, with the price witnessing major crashes below multiple support levels. After losing its footing above $71,000, it has plunged further below $67,000, signaling the start of a downtrend. Amid the uncertainty, a crypto analyst has presented the important levels to watch as Bitcoin makes it descent,…

Bitcoin Crash Below $67,000 Sends Market Spiraling, Here Are The Levels To Watch Read More »

Bitcoin Set for Further Decline As Bearish Sentiment Intensifies

Bitcoin

Bitcoin (BTC), the leading cryptocurrency by market capitalization, appears to be heading for further declines as market sentiment turns increasingly bearish. Recent analysis shows that BTC is struggling to maintain key support levels, and the overall mood among traders and investors is shifting towards caution. Several factors such as macroeconomic pressures, regulatory concerns, and technical…

Bitcoin Set for Further Decline As Bearish Sentiment Intensifies Read More »

$2 Billion Crypto Funds Flow Into Market On Rate Cut Buzz

Cryptocurrency Market News

The cryptocurrency market is buzzing with renewed optimism as investment funds witness a historic inflow surge. CoinShares, a leading digital asset manager, reported a record-breaking $2 billion influx into crypto funds in just one week, surpassing the entire month of May’s net inflows. This positive trend, now spanning five consecutive weeks, has propelled total assets…

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FOMC Preview: How Will Bitcoin And Crypto React? All You Need To Know

Cryptocurrency Market News

As the financial markets brace for the upcoming Federal Open Market Committee (FOMC) meeting on Wednesday, June 12th, the Bitcoin and crypto community is poised to assess the implications of any Federal Reserve announcements on digital assets such as Bitcoin. With the consensus forecast suggesting that the Federal Reserve will hold the federal funds rate…

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Bitcoin Could See Next Top At $89,200, Crypto Analyst Suggests

Bitcoin News

According to this on-chain indicator, an analyst explained how the next potential local top for Bitcoin could be $89,200. Bitcoin CVDD “Assessing Tops” Metric Could Suggest Next Potential Top In a new Coin Days Destroyed” (CDD). A “coin day” is the quantity that 1 BTC accumulates after sitting dormant on the blockchain for 1 day.…

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Hedge Funds Heavily Betting For Bitcoin To Fall: Will This Strategy Fail?

Bitcoin News

Looking at the formation in the daily chart, there is no relief for Bitcoin at spot rates. Following the flash crash on June 6, prices reversed sharply from the $72,000 level, further highlighting the significance of the liquidation level. In the past, Bitcoin prices have recoiled from this level, with analysts expecting a short squeeze…

Hedge Funds Heavily Betting For Bitcoin To Fall: Will This Strategy Fail? Read More »

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