BTCUSDT – Page 9 – BitcoTasks BLOG

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

September 4, 2024

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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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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Will Bitcoin Repeat History? Analyst Sees This 2019 Pattern In Current Market

September 4, 2024

Bitcoin News

Following its renewed peak above $73,000 back in March, Bitcoin has been experiencing a prolonged period of price stagnation ever since, leaving many investors wondering about the potential for future movements. According to a recent analysis by a CryptoQuant analyst under the pseudonym ‘Avocado,’ this stagnation may bear a resemblance to a similar pattern observed…

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Bitcoin Price Drops Below $58K Again, BTC To Make A Comeback Says Key Metric

September 4, 2024

Bitcoin News

After briefly trading above $59,000 in the early hours of Tuesday, Bitcoin price has now seen a significant retracement, dropping below the $58,000 price mark once again. However, despite this struggle to rally, a CryptoQuant analyst named Kripto Mevsimi recently shared an intriguing observation regarding Bitcoin price on the CryptoQuant QuickTake platform. Bitcoin’s Sharpe Ratio…

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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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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 Needs To Break $70,000 For The Uptrend To Continue, Here’s Why

September 3, 2024

Bitcoin News

Bitcoin traders are upbeat, expecting prices to shake off recent weakness and soar above the local resistances to as high as $73,800. Even so, before the coin breaks above these liquidation regions, buyers must have conviction. Moreover, the leg up must be sustained by a fresh influx of new capital, ideally from investors fearing they…

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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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WazirX Heist: Legal Advisers Doubt Full Crypto Recovery For Customers

September 3, 2024

Cryptocurrency Market News

The legal team for WazirX said today that the exchange’s customers doubt whether the exchange should be made whole in crypto terms. Another Jolt For The Affected WazirX Users Leading Indian cryptocurrency exchange WazirX suffered a massive security breach on July 18, 2024, resulting in hackers stealing $230 million of customers’ digital assets. In the…

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Bitcoin Decline Not A Cause For Alarm, $100,000 Still In The Cards, Analyst Says

September 2, 2024

Bitcoin

The Bitcoin recent price volatility, including a crash below $50,000 last month, has significantly slowed down the momentum of the bull run many analysts are anticipating. Despite the price lull, a certain crypto analyst believes that the Bitcoin bull run is still on track, predicting a sharp rise to over $100,000 once current price corrections…

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