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Bitcoin price remained strong above the $16,700 level. BTC formed a base and started a fresh increase above the $17,000 resistance zone. Bitcoin found support near $16,700 and started a decent increase. The price is trading above $17,000 and the 100 hourly simple moving average. There was a break above a major bearish
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The low profitability of BTC mining is still puzzling for many crypto fanatics and investors. There’s no surprise here, given the ever-increasing energy costs. Moreover, the bear market is also significantly impacting Bitcoin’s mining difficulty. As for now, making reasonable profits from mining Bitcoin is not probable. This fact, however, doesn’t
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The current weakness in BTC and major altcoins shows that
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According to a new document published on Dec. 7, South-African auditor Mazars confirmed that cryptocurrency exchange Binance possessed control over 575,742.42 of customers' Bitcoins (BTC) worth $9.7 billion at the time of publication. Through the process, Mazars stated that "Binance was 101% collateralized."The scope of the inquiry included customers' spot,
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Bitcoin (BTC) hit new month-to-date lows on Dec. 7 as Asian markets fell during trading.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$16,500 stands as support as BTC price wobblesData from Cryptox Markets Pro and TradingView showed BTC/USD dipping to lows of $16,736 on Bitstamp, a level not seen since Nov. 30.The
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It's likely we are witnessing the consolidation of the crypto market’s speculative nature. Source
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Bitcoin price extended its increase and tested the $17,500 resistance. BTC corrected gains, but it remains well supported above the $16,800 support. Bitcoin extended its upward move above $17,100 and $17,300 resistance levels. The price is trading near $17,000 and the 100 hourly simple moving average. There was a break below a key
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Bitcoin (BTC) bulls regained some control on Nov. 30 and they were successful in keeping BTC price above $16,800 for the past 5 days. While the level is lower than traders’ desired $19,000 to $20,000 target, the 8.6% gain since the Nov. 21, $15,500 low provides enough cushioning for eventual
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Bitcoin (BTC) volatility cooled above $17,000 into the Dec. 5 Wall Street open as traders confirmed upside targets.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin traders warm to near-term upsideData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it held overnight gains, having hit three-week highs.The weekly close was encouraging
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In recent days, Bitcoin has shown a good degree of bullishness. CoinGecko reports that Bitcoin’s price has increased on a daily and biweekly basis, suggesting that the market may be recovering from FTX’s fall. Investors at large were also optimistic. The BTC bottom is still in effect, presenting excellent chances for
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