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Bitcoin Crash Not Done: CoinShares Analyst Predicts ‘True Correction’ Amid Outflows

Bitcoin

Bitcoin-based crypto investments have witnessed another week of outflow in what was an unpleasant week for Bitcoin and other cryptocurrencies. Bitcoin investors, in particular, were disappointed as they watched the price of the world’s biggest asset decline during the week, temporarily falling below $60,000. According to recent inflow data from CoinShares, this correction also flowed…

Bitcoin Crash Not Done: CoinShares Analyst Predicts ‘True Correction’ Amid Outflows Read More »

Bitcoin Selloff: German Gov’t Offloads Another $67 Million As Price Wobbles

Bitcoin

In a continued effort to liquidate its substantial Bitcoin holdings, the German government has once again engaged in significant transactions involving BTC, according to data from blockchain analytics platforms Arkham Intel. This morning, the Federal Criminal Police Office (BKA) executed nine transactions involving a total of roughly 2,786 BTC. German Gov’t Continues Its Bitcoin Sell-Off…

Bitcoin Selloff: German Gov’t Offloads Another $67 Million As Price Wobbles Read More »

Bitcoin Rejection At $62,498 Signals Bearish Dominance, Here Are Possible Outcomes

Bitcoin

Bitcoin recently faced a significant rejection at the $62,498 resistance level, underscoring the prevailing bearish dominance in the market. This failure to break through a critical threshold highlights the strength of selling pressure and raises concerns about potential downward trends.  The rejection at this key level signals caution among traders and investors, prompting a reassessment…

Bitcoin Rejection At $62,498 Signals Bearish Dominance, Here Are Possible Outcomes Read More »

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 »

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 »

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 »

SkyBridge Capital’s Scaramucci Says Bitcoin Will Reach $250,000 Is This US Presidential Candidate Wins

Bitcoin

Anthony Scaramucci, the founder of SkyBridge Capital, has predicted that Bitcoin could reach new all-time highs (ATH) when his preferred presidential candidate wins. He also claimed that crypto “has already won” following recent developments in the industry.  Bitcoin Could Rise To As High As $250,000 When Joe Biden Wins Scaramucci mentioned during an interview on…

SkyBridge Capital’s Scaramucci Says Bitcoin Will Reach $250,000 Is This US Presidential Candidate Wins Read More »

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