btcusd – Page 7 – BitcoTasks BLOG

Bitcoin Short-Term Holder Behavior Reminiscent Of 2019 As BTC Remains Below $60,000

September 4, 2024

A recent Quicktake analysis on the on-chain analytics platform CryptoQuant highlighted how Bitcoin’s short-term holders’ (STH) behaviour is similar to that of 2019. This analysis comes as Bitcoin remains below $60,000, continuing the bearish September trend. Peak In Bitcoin’s Short-Term Holders Similar To 2019 Structure CryptoQuant contributor Avocado_onchain noted that there had been a “small…

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Bitcoin Bearish Move: Indicators Suggest Next Stop Could Be $53,541

September 4, 2024

Btc

Bitcoin faces mounting pressure as crucial indicators signal a potential drop to the $53,541 mark. With sellers gaining momentum and technical charts flashing red, the cryptocurrency is struggling to find a foothold in a volatile market. Traders are watching closely to see if the bearish trend will continue or if a reversal is on the…

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Bitcoin Breakout: Pundit Shows Similarities Between 2023 And 2024

September 4, 2024

Bitcoin

A crypto pundit has identified striking similarities between the Bitcoin (BTC) market behavior in 2023 and 2024. Based on the analyst’s observation, he believes that Bitcoin is experiencing a comparable cycle of decline, characterized by widespread investor sell offs, which could precede a significant price breakout to new levels. Comparing The Bitcoin Markets Of 2023…

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Bitcoin Analyst Points To $55,000 As Potential Bottom – US Liquidity The Key

September 4, 2024

Breaking News Ticker

Bitcoin has been under intensified selling pressure since the start of the week, with the largest cryptocurrency experiencing a nearly 4% drop in value over the past seven days. This decline brought Bitcoin to a one-month low of $55,690 earlier on Wednesday, raising concerns among investors about its near-term trajectory. Could Fed Rate Cuts Drive…

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Bitcoin Investors Beware: MVRV Has Given Bear Market Signal

September 4, 2024

Bitcoin News

On-chain data shows the Bitcoin Market Value to Realized Value (MVRV) Z-Score is currently giving a bearish signal for the BTC market. Bitcoin MVRV Z-Score Has Seen A Bearish Crossover Recently In a newMVRV Z-Score refers to an indicator that keeps track of the difference between the BTC market cap and realized cap, divided by…

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Critical Bitcoin Indicator: Analyst Foresees Major 75% Correction Ahead

September 4, 2024

Bitcoin News

The Bitcoin price has been unable to break out of its current downtrend after losing the $60,000 mark this week, trading as low as $57,790 on Tuesday. However, one indicator is pointing to further price corrections for the largest cryptocurrency on the market that could send the coin well below current levels. Bitcoin Faces Major…

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Bitcoin Price Slips Again: Is This the Start of a Bigger Drop?

September 4, 2024

Btc

Bitcoin price started another decline below the $57,200 zone. BTC is showing bearish signs and might soon test the $55,000 support zone. Bitcoin is gaining pace below the $58,000 support zone. The price is trading below $57,500 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with…

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Bitcoin, XRP See Declining Whale Activity: What It Means

September 3, 2024

Bitcoin News

On-chain data shows Bitcoin, XRP, and other top cryptocurrencies have been witnessing notably lesser activity from the whales recently as compared to earlier in the year. Bitcoin, XRP Among Assets Observing A Decline In Whale Transactions In a new post on X, the on-chain analytics firm Santiment has discussed about how the latest trend in…

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Analysts Predict Bitcoin Price Could Crash To $40,000, But There’s Good News

September 3, 2024

Bitcoin

Despite initial expectations of a steady price increase and a robust bull run this year, Bitcoin (BTC) has suffered severe declines, pushing its price below the $60,000 threshold. Due to the cryptocurrency’s prolonged bearish performance, a crypto analyst has warned that Bitcoin could decline even further, predicting a potential crash below $40,000. However, the analyst…

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Bitcoin Price Prediction: VanEck Envisions $2.9 Million BTC By 2050

September 3, 2024

Bitcoin News

Amid ongoing volatility for the Bitcoin price, which has struggled to reclaim its all-time high of $73,700, bullish predictions continue to emerge for the leading cryptocurrency. The latest forecast comes from VanEck, asset manager and Bitcoin ETF issuer with over $100 billion in assets under management. Bitcoin Price Projection In a recent update, VanEck projected…

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Bitcoin Price Rebounds, But Key Hurdles Could Stall Progress

September 3, 2024

Btc

Bitcoin price started a recovery wave from the $57,200 zone. BTC is rising, but it might struggle to surpass the $60,200 and $61,150 resistance levels. Bitcoin is attempting a recovery wave above the $58,000 support zone. The price is trading above $58,000 and the 100 hourly Simple moving average. There was a break above a…

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