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BTCUSDT – Page 14 – BitcoTasks BLOG
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Is A Bitcoin (BTC) Negative Correlation With Stocks A Bullish Signal? Analyst Reveals 

Bitcoin News

Bitcoin (BTC) and U.S. stocks have shown a negative correlation lately, with Bitcoin often moving in the opposite direction of traditional markets. This divergence has caught the attention of analysts and investors, especially as the cryptocurrency enters a period of consolidation along with the broader crypto market. Historically, shifts in this correlation—from negative to positive—have…

Is A Bitcoin (BTC) Negative Correlation With Stocks A Bullish Signal? Analyst Reveals  Read More »

Glassnode Report Reveals Why The Bitcoin Price Dropped Below $50,000

Bitcoin

Bitcoin crashed below $50,000 on August 5 in a sudden dip that saw many positions liquidated in the crypto market. This sudden dip, which cascaded into other cryptocurrencies, took the market by surprise. As such, Bitcoin fell to its lowest price in six months, and many other altcoins followed suit. Although Bitcoin has since recovered…

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Bitcoin Derivatives Signal Major Risk Of Explosive ‘Short Squeeze’ Rally Ahead

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As the world’s largest cryptocurrency, Bitcoin (BTC), continues to consolidate between the $58,000 and $60,000 price range with no clear direction, a bullish signal from the derivatives market suggests the potential for sudden and sharp rallies ahead for BTC’s price. Data Shows Aggressive Bitcoin Shorting According to crypto research firm K33 Research, the funding rate…

Bitcoin Derivatives Signal Major Risk Of Explosive ‘Short Squeeze’ Rally Ahead Read More »

Bitcoin Sees Surge in Demand: Are We At The Final Phase of Consolidation?

Bitcoin News

Bitcoin (BTC) has been consolidating in the past weeks as it continues to range below $61,000. Amid this period of consolidation, there now appears to be a shift with an increase in one of Bitcoin’s notable metrics suggesting a “market consolidation finale.” According to a recent analysis by CryptoQuant analyst Axel Adler Jr, there has…

Bitcoin Sees Surge in Demand: Are We At The Final Phase of Consolidation? Read More »

Bitcoin Underperformance Precedes ‘Insane Altcoin Rally,’ Expert Warns Of Repeat

Bitcoin News

According to market expert Jamie Coutts, after an extended period of consolidation and lackluster performance by the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), the market may be poised for a resurgence. Coutts believes the ingredients are in place for a broad altcoin rally, following in the footsteps of the “insane” bull run of…

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Battleground At $60,000: Bitcoin Faces Pivotal Test As Bulls Aim To Reclaim Key Support

Bitcoin News

The world’s largest cryptocurrency, Bitcoin (BTC), has struggled to maintain a foothold above the critical $60,000 price level in recent trading sessions, as the digital asset finds itself caught in a tug-of-war between bullish and bearish forces. After recovering from a dip below $49,000 earlier this month, Bitcoin has been vacillating around the $60,000 mark,…

Battleground At $60,000: Bitcoin Faces Pivotal Test As Bulls Aim To Reclaim Key Support Read More »

Bitcoin Maintains Market Dominance With $42 Million In Inflows

Bitcoin News

Digital asset investment funds witnessed another week of inflows last week, albeit at a small amount, to extend the run of inflows to two consecutive weeks. Notably, investment funds attracted a net inflow of $30 million last week. One of the key highlights of the week was Bitcoin’s strong performance in attracting investor interest. After…

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Bitcoin Price Could Surge 200% To Cross $100,000 If This Happens

Bitcoin News

A crypto analyst has predicted that Bitcoin (BTC), the world’s largest cryptocurrency could see its price surging as high as $100,000, representing a 200% increase from its current value. However, the analyst noted that this bullish projection would occur only when certain conditions are met.  Bitcoin Could Rise To $100,000 In an X (formerly Twitter)…

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Over 80% of Short-Term Bitcoin Holders Underwater — What This Means For BTC

Bitcoin News

Bitcoin (BTC) is currently in red regarding price performance, dragging the rest of the crypto market along with it. Amid the continuous bearish price action, the latest data has revealed that Bitcoin short-term holders now face losses compared to their initial purchase prices. Onchain data expert James Check highlighted this in a recent post on…

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Analyst Forecasts Bitcoin Bull Run Top With Historically Proven Indicator

Bitcoin

In a video update on YouTube, crypto analyst Rekt Capital delved into the dynamics of Bitcoin’s price movements through the lens of the PI Cycle Top Indicator, a predictive tool that has garnered attention for its historical accuracy in pinpointing the peaks of Bitcoin bull runs. Here’s How High Bitcoin Price Could Go This Cycle…

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Bitcoin Price Action Watch: 3 Pivotal Zones That Could Sway BTC’s Next Move

Breaking News Ticker

As the Bitcoin price consolidates below the $60,000 threshold, the market has been characterized by a mix of indicators and technical levels, leading to a divided forecast and heightened uncertainty. Mixed Signals Cloud Bitcoin Price Trajectory According to Bitcoin maximalist Mark Cullen, the current Bitcoin price action presents a complex technical picture. He suggests that…

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