Sunday, September 20, 2020
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This 2016 Bear Market Fractal Shows Bitcoin Could Shoot Towards $20k in 2020

Bitcoin’s consolidation over recent weeks has convinced some traders that there is a move to the downside in the works. As reported by NewsBTC recently, one analyst commented that the recent price action is signaling a potential “distribution” pattern: “A couple more clues developing that lend themselves to HTF distribution. 1.

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Bitcoin Price Dump: Miners Start Selling 9,000 BTC, Possibly Opening Bear Cycle

Bitcoin miners on Tuesday transfered nearly 3,000 bitcoin, worth around $28 million, directly into exchange wallets. Several thousand others were likely moved via over-the-counter (OTC) deals.Direct exchange transfers represent the largest flow of bitcoin (BTC) from miners to such platforms in over a year, according to Glassnode data.The bulk

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Bitcoin’s Latest Correction Could Spark a Bear Run Towards $6K, Fractal Shows

Bitcoin extended its bearish correction at the start of this week, falling briefly below $9,000 for the first time in three weeks.While cryptocurrency reclaimed the said support level, fears of new sell-off rounds are looming over its market.Meanwhile, a separate fractal is also suggesting that Bitcoin would retest $6,000 in

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Bitcoin Price Drop May Be a Bear Trap, Options Market Suggests

Bitcoin's options market suggests Monday's price drop could be short-lived.However, the cryptocurrency remains vulnerable to a sell-off in stocks and increased miner hoarding is a sign the market lacks strength.Bitcoin is feeling the pull of gravity on Monday alongside losses in the traditional markets.  At press time, bitcoin is changing hands

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