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Fall
Bitcoin Could Fall Hard, This Textbook Indicator Shows
Bitcoin’s dreamy price rally in 2020 could hit a dead end in the coming sessions, according to a bullish reversal indicator.The benchmark cryptocurrency is forming a Rising Wedge pattern as confirmed by its price consolidating between upward sloping resistance and support. More data that confirms the Wedge formation is a
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Bitcoin Just Got Rejected at $8,400, And It Means a Big Fall Ahead
Bitcoin is showing first signs of a weakening upside momentum as traders adjust their sentiments near key resistance areas.The benchmark asset on Wednesday plunged by up to 3.15 percent in what appears to be a corrective action. The move downhill prompted it to establish an intraday low of $8,202.57 on
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Unpopular Opinion: Bitcoin Could Still Fall Despite US-China Conflict
Bitcoin is reportedly attracting haven demand as an escalating conflict between the US and Iran spooks investors. But that does not mean the cryptocurrency is going to register record gains in the coming days.The bitcoin-to-dollar exchange rate on Monday was trading above a psychological resistance level of $7,500. As of
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XRP Could Soon Fall Against Bitcoin, Analyst Warns as Pressure Builds
Over the past few days, Bitcoin has strongly outperformed altcoins, especially Ethereum and XRP. On Wednesday, when BTC was trading 8% down on the week, both ETH and XRP — the second and third-largest cryptocurrencies by market capitalization, respectively — were down nearly 15% since the weekly open, crushed under
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Bitcoin Just Dropped Below $6,500: Why It’s Risking a Big Fall to $5,000
Bitcoin has closed below its long-term support as it dropped to $6,430 on BitMEX.The breakdown brings the cryptocurrency’s 200-weekly moving average in view as the next pullback target.The said MA in December 2018 had capped the asset’s downtrend from flourishing.As of now, it sits near the lower-$5,000 levels.Bitcoin risks plunging
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Bitcoin Extends the Fall, Now at One-Month Low Below $8K
The year commenced with a massive rally in Bitcoin (BTC) that ultimately led to a sustained bull run, and the price of the world’s biggest cryptocurrency eventually reached levels that raised visions of 2017’s climb. However, that eventually came to an end, and the last few months have been pretty
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Regulators Hostile to Bitcoin Will Fall Out of Favor, Warns Samson Mow
Hostility to Bitcoin (BTC) from the global regulators is a double-edged sword that can hurt authorities if they lose their power, the Blockstream Chief Strategy Officer (CSO) warned.During a panel at a Liquid meetup at Litecoin Summit on Oct. 29, Blockstream CSO Samson Mow predicted that regulatory restrictions to
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Tokens Pegged to Nike’s Sneakers Fall Sharply after Daryl Morey’s Hong Kong Tweet
No one has ever thought that the protests in Hong Kong would ever affect the price of cryptocurrencies trading in U.S. crypto exchanges. But apparently, there is still some impact; at least on Nike’s Air Jordan tokens (such as AJBT, AJCP, AJIB and more) listed on the crypto exchange 55.com.Daryl
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Bakkt Is ‘Contributing Factor’ to Bitcoin’s Fall
Major cryptocurrency exchange Binance’s newest research supports the theory that the launch of institutional trading platform Bakkt partly caused Bitcoin to drop 20%.In the latest edition of its markets overview, Binance Research, the exchange’s analytics arm, singled out Bakkt as the principal event which occurred just before Bitcoin’s price
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