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BTCUSDT – Page 4 – BitcoTasks BLOG
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Bitcoin Price Set For Major Breakout? Coinbase Premium Signals Imminent Move

Bitcoin News

Recent analysis from CryptoQuant highlights that Bitcoin price may soon undergo a significant move, according to an indicator known as the Coinbase Premium. A CryptoQuant analyst under the pseudonym ‘Avocado Onchain’ noted earlier today that the Coinbase Premium, which measures the price gap between Bitcoin on Coinbase and Binance, is showing signs of convergence. The…

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Bitcoin Forms Golden Cross On 2-Month Chart, Here’s What Happened Last Time

Bitcoin

Crypto analyst Titan of Crypto has highlighted a bullish indicator on the Bitcoin chart. The analyst also revealed what happened the last time this pattern formed, suggesting that the leading crypto could enjoy a significant price rally soon enough.  Golden Cross Forms On The Bitcoin Chart Titan of Crypto revealed in an X (formerly Twitter)…

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Bitcoin Price Eyes Further Gains Toward $60K: Can It Break Through?

Btc

Bitcoin price is holding gains above the $57,500 resistance. BTC is now showing positive signs and might aim for a move toward $60,000. Bitcoin is attempting a fresh increase above the $57,200 support zone. The price is trading above $57,500 and the 100 hourly Simple moving average. There is a key contracting triangle forming with…

Bitcoin Price Eyes Further Gains Toward $60K: Can It Break Through? Read More »

Bitcoin Price Forecast: Trump Win Could Boost BTC To $125,000, Standard Chartered

Bitcoin News

Geoff Kendrick, the Head of Crypto Research at Standard Chartered Bank, has put forth bullish predictions regarding the Bitcoin price trajectory in the event of the 2024 US presidential election.  Bitcoin Price Predictions Soar According to a CNBC report, Kendrick posits that a potential re-election of Donald Trump could propel Bitcoin to a staggering $125,000…

Bitcoin Price Forecast: Trump Win Could Boost BTC To $125,000, Standard Chartered Read More »

Challenges Mount For Bitcoin Miners As Difficulty Surges To Record High

Bitcoin News

A recent report by Bloomberg highlights that the difficulty of mining Bitcoin has surged to a record high, reflecting increasing competition among cryptocurrency miners.  On Wednesday, mining difficulty rose by 3.5%, as reported by crypto-mining tracker CoinWarz. This metric, which has been climbing steadily, often aligns with market expectations for Bitcoin’s price movements. Post-Halving Challenges…

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Bitcoin’s Leverage Ratio Hits New High: What Does This Mean BTC?

Bitcoin News

The Bitcoin derivatives market has reached a notable milestone, as the estimated leverage ratio for the asset has surged to its highest level of the year, latest data from CryptoQuant shows. This metric, which tracks the ratio of open interest to coin reserves on exchanges, signals increased leverage use among market participants. The growing trend…

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Bitcoin’s Supply On Exchange Tightens: Could a New Bull Run Be Just Weeks Away?

Bitcoin News

According to market signals that have historically preceded major price rallies, Bitcoin is gearing up for its next potential bull run. A CryptoQuant analyst named ‘Tarek’ has recently highlighted key indicators in a post on the CryptoQuant QuickTake platform, suggesting that Bitcoin’s price might soon experience a significant upward movement. These indicators include declining Bitcoin reserves on…

Bitcoin’s Supply On Exchange Tightens: Could a New Bull Run Be Just Weeks Away? Read More »

11% Of Bitcoin Supply In Coinbase’s Hands: Analyzing The Potential Risks

Bitcoin News

A recent report by The Defiant reveals that Coinbase holds a substantial 11% of the total Bitcoin supply, amounting to approximately 2.275 million BTC worth around $129 billion.  As the fourth-largest cryptocurrency exchange globally, Coinbase commands significant trading volume—$1.5 billion in 24-hour transactions and 34 million monthly users—and acts as a custodian for major corporations,…

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Why Bitcoin Retesting $57,000 Is Good For The Price

Bitcoin

Bitcoin (BTC) is finally making a comeback, with recent price spikes signaling a potential start of the long-awaited market bull run. As the cryptocurrency retests the $57,000 level, this renewed momentum could ignite a positive price rally, potentially driving more gains for Bitcoin.  Bitcoin Retests New Levels At $57,000 On Tuesday, September 10, Santiment, a…

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Analyst Says Bitcoin Is In A ‘Healthier’ Place Now, Here’s Why

Bitcoin

Bitcoin might be stuck in a downtrend, but fundamental analysis suggests it is in a healthy position. According to a recent analysis by crypto analyst Kaleo, Bitcoin is currently putting up healthier dynamics than it did in the previous halving cycle. This intriguing outlook for Bitcoin comes amidst the cryptocurrency’s struggle to stand firm above…

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