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Tag Archives: Bitcoin (BTC) Price

Bitcoin Price Dips Over $500 As Latest CME Gap Gets Filled

Bitcoin’s positive price movement continued over the weekend, and it surpassed the coveted $10,000. Today, however, the largest cryptocurrency recorded a notable drop of over $500 in a few hours, which also filled the CME closing gap from Friday.Bitcoin Drops With $500Bitcoin has been on quite the run lately. For the first time since October last year, it went above $10,000. However, the price of the largest digital asset took a serious dive of over $500 in just a few hours.The dip aligned...

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Report: Bitcoin Price To Reach $15,000 After Halving, If It’s To Remain Profitable For Miners

The Bitcoin Halving will take place in May, and its impact raises several valid questions. One of them concerns miners since the block reward will be cut in half, and the hash rate continues accelerating.New research by a popular provider of institutional trading tools indicates that Bitcoin’s price has to increase with up to 50% from current levels to remain profitable for miners.Bitcoin Hash Rate and Halving EffectBitcoin’s hash rate is a good indicator of the network’s health. The higher...

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Crypto Price Analysis & Overview February 7th: Bitcoin, Ethereum, Ripple, Tron, and Chainlink.

BitcoinBitcoin saw a 5% price rise over the past 7 days of trading as the cryptocurrency rebounds from support at $9,145 to meet resistance at around $9,815. With the 30-day 21% bullish surge, Bitcoin can be expected to break $10,000 pretty soon. Other cryptocurrencies are outpacing Bitcoin. However, this does not mean it cannot continue above $10,000.Once the bulls break $9,815, the next level of resistance lies at $10,000. Beyond this, higher resistance lies at $10,200, $10,430, and $10,707...

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Bitcoin Price Analysis: HUGE Explosion Following Flag’s Breakout, Are These The Last Days Ever Of Bitcoin Under $10,000?

Two days ago, our latest edition of Bitcoin price analysis had the promising title – “The calm before the storm.”Yesterday we saw what a Bitcoin storm looks like: After recording a daily low at $9142 (Bitstamp), the coin had massively broken out from our mentioned Bull-Flag (at ~$9200), and from there, we witnessed the explosion.Bitcoin price rallied up to the next resistance of $9700 – $9800, recording $9775 (Bitstamp) as the new 2020 high, as of writing these lines.On the following 4-hour...

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Bitcoin Price Skyrockets 7% To New 2020 High: $10,000 Coming Soon

Bitcoin has marked yet another particularly turbulent day of trading, charting increases of up to 7% in the past 24 hours. This caused the cryptocurrency to spike to a new high for 2020, lining up the question if $10,000 is the next target.Bitcoin Price Skyrockets 7% On The DayIf one thing is certain for 2020, it’s that there is no boring day in the cryptocurrency market. In the past 24 hours, Bitcoin’s price surged above the previous yearly high to reach prices that were last seen back in...

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Bitcoin Dominance At 6-Month Low As Altcoins Stand Strong: Wednesday Crypto Market Watch

Most of the altcoins are trading in the green over the past 24 hours. Bitcoin, on the other hand, remains somewhat stagnant at around $9,200. Consequently, BTC’s dominance dropped to 64.5%, which is the lowest it has been since July 2019.Altcoins Compared To Bitcoin. Source: coin360.comThe sentiment within the community is shifting quickly, hinting at a possible new altcoin season. This was reaffirmed yesterday with two polls indicating that 50% of cryptocurrency traders hold mainly...

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Bitcoin Price Analysis: The Calm Before The Storm? BTC Continues To Trade Inside a Very Tight Range

On our recent price analysis from two days ago, we had anticipated a huge price move that was supposed to be coming soon.As can be seen, shortly after our analysis, there was the opening of the Chinese stock market after the long Lunar vacation. At the same time, Bitcoin spiked $400 to a new 2020 high over $9600 but quickly retraced.Since then, Bitcoin is slowly forming a bull-flag on the 4-hour chart. The coin is trading inside a descending channel (or flag). Keep in mind, that kind of flag...

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Safe Haven? Bitcoin’s $350 Price Spike, While Chinese Stock Markets Reopen and Plunge 8%

The Coronavirus outbreak continues to take its toll on the traditional financial markets, especially in China. The Chinese stock markets had returned after a more extended Lunar New Year’s vacation. As expected, the indexes record significant drops, despite a huge $174 billion injection by the local Government.On the other hand, Bitcoin spiked to over $9,600 when the Asian markets opened, noting once again a negative correlation with the traditional markets. However, the primary...

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Bitcoin Price Analysis: Huge Price Move Coming Up? Yes, According To These Indicators

Before the weekend, we saw Bitcoin trading safely and easily on its way to $10,000. However, on our recent analysis two days ago, we had pointed out on some indicators that might put some bearish pressure on the cryptocurrency.Since then, we saw a correction of almost $300 down to a current daily low of $9130 (Bitstamp rate). On the bigger time-frame, in case this correction doesn’t go lower, it seems very healthy for the short-term since this level is a little above the 38.2% Fibonacci...

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100 Days To Go: Excitement Among The Crypto Community For The Coming-Up Bitcoin Halving Event

One of the most awaited events in the cryptocurrency space, the Bitcoin Halving, is estimated to take place about 100 days from today.On this day, the reward that miners get from adding blocks to the network will be slashed in half: from 12.5 BTC per block, as of today and the recent four years, to 6.25 BTC per block. It will also reduce Bitcoin’s pre-set inflation rate from the current 3.68% to about 1.8%.Even though the date of the Bitcoin Halving could range depending on the network’s hash...

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