Wednesday, May 8, 2024
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This Historically Accurate Signal Suggests a Bitcoin Rally to $13K in Q3

Bitcoin is trading almost 12 percent below from its local top near $10,400, but a historically accurate technical indicator hints a trend reversal.The pattern formed on Monday as the short-term moving average of Bitcoin’s hash rate jumped over the long-term moving average, signaling the beginning of a buying setup.Its previous

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Historically Low Volatility Has Caused Bitcoin’s Liquidity to Slide

Bitcoin’s consolidation channel formed since the start of May has been narrowing ever since it was first established.The cryptocurrency is now trading sideways between $9,000 and $9,300, facing immense resistance at the upper boundary of this range.From a fundamental perspective, the benchmark digital asset has been seeing stagnating market health,

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Ethereum Positioned to Rally After Forming Historically Bullish Market Structure

Ethereum has now pushed below the lower boundary of its long-held trading range that has been formed throughout the past several weeksThis weakness has come about as Bitcoin also inches lowerBoth of these digital assets have been maintaining above these levels over the past several weeks, and a firm decline

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Bitcoin Prepares to Rally to $12,000 as Price Forms Historically Bullish Pattern

After attempting to break decisively past $10,000 for the second time in a week, Bitcoin was rejected, plunging as low as $9,200 for the umpteenth time in a matter of days.The tepid price action has made some investors cautious that more downside for the flagship cryptocurrency is possible, citing the loss

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