Market Update: Bitcoin Halving Hype, Golden Cross Signals, and GBTC’s 41% Premium
Cryptocurrency markets have seen fresh gains on Wednesday after the slight pullback that started two days prior. Most of the top 10
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Golden
Bitcoin Risks Massive Plunge even amidst Golden Cross Setup; Here’s Why
Is the price of bitcoin preparing for a massive price rally ahead? Many traders believe so.The optimistic sentiments emerge owing to a potentially bullish factor. The bitcoin’s 50-daily moving average this Tuesday inched above its 200-daily moving average, a pattern known as Golden Cross.Golden Cross formation hints an upside price
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Golden Cross Gives Little Relief as Bitcoin Risks Fall Below 2020 Bullish Trendline
ViewBitcoin is struggling to draw bids despite a confirmed "golden cross" pattern on the daily chart. That, coupled with bearish short duration indicators, suggests scope for a convincing break below the 2020 rising trendline currently near $9,700. That would expose the next support at $9,200.The bearish case would weaken if
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Bitcoin Price ‘Golden Cross’ Hints at 170% Rally to $26K by Halving
Bitcoin (BTC) can hit $26,000 in just two months thanks to a bullish event that previously triggered 170% price gains.As noted by CryptoX Markets analyst, Keith Wareing, on Feb. 18, this week saw Bitcoin’s ascending 50-day moving average cross over its 200-day moving average.Bitcoin 1-year price chart with 50
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The Highly Accurate Ethereum Golden Cross is Forming, Is a Major Rally Incoming?
Ethereum’s stellar performance of late has seen it gain 113% in the six weeks since the start of the year. This achievement reversed a six-month downtrend and helped to inject a sense of anticipation for the rest of 2020.Buying pressure from this looks to be forming a golden cross on
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Bitcoin Closing on Daily Golden Cross That Could Bring Boost to 2020 Price Rally
Bitcoin may see a move higher in coming weeks, courtesy of two major daily moving averages heading for a collision dubbed a golden cross.The cross occurs when a short-term moving average (MA) crosses above a longer-term one, typically the 50-day and 200-day MAs, hinting at strong upward momentum in an
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Bitcoin Price Will Be Golden in 2020 Thanks to Limited Supply, Increasing Use: Bloomberg Report
Increasing global uncertainties and a weak dollar will likely push more investors into bitcoin as it becomes recognized as a store of value. The cryptocurrency's fixed supply will further drive price increases throughout the year, Bloomberg analysts predict. Bloomberg's 2020 crypto outlook report, published Monday, predicts bitcoin's price could move
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Mike Mayo of Wells Fargo Says ‘We Are Living in the Golden Decade of Banks and Technology’
Wells Fargo analyst Mike Mayo announced during a Dec. 30 CNBC news segment that “this is the golden decade of banks and technology.”Mayo explained that while the 1990’s had record bank consolidation (banking businesses merge with each other), systems were never integrated. He then explains that in the “aughts” decade
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Bitcoin Charts First Weekly Golden Cross in 3.5 Years
Bitcoin violated the falling trendline resistance on Dec. 4. So far, however, that has failed to invite buyers in numbers. A UTC close above the Nov. 29 high of $7,870 is needed to invalidate the lower-highs set up and confirm a bullish reversal. That will likely yield a quick move
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How to Spot Bitcoin’s Golden or Death Cross Using Simple Moving Averages
The golden cross and death cross have long helped traders predict and confirm long-term price trends. Here’s a primer for crypto investors. Source
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