Cryptocurrency Analysis and News Portal
Bitcoin (BTC) buyers have been active at support over the past few months, forming a series of higher price lows on the charts. That coincides with a loss of downside momentum, which is a near-term positive for price. Original Source
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Bitcoin (BTC) experienced a minor price jump after oversold signals appeared on intraday charts. Resistance is nearby around $45K, which could keep price within range. Source
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Bitcoin (BTC) is attempting to break above a short-term downtrend, although buyers will need to sustain the $40K support level. A price bounce is expected toward nearby resistance levels. Original Source
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Bitcoin (BTC) is attempting to break above an intraday trading range, but resistance around $48K-$51K could stall the rally. Momentum signals remain positive, which could keep buyers active over the short-term. Original Source
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“Bitcoin got a little bit too stretched to the downside,” said Mike McGlone, Senior Strategist at Bloomberg Intelligence. “And now it's going back to the trend, the middle of the range, basically around $50,000; $30,000 is very good support.” Source
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Bitcoin (BTC) is strengthening above $40K and could see further upside toward the $43K-$46K resistance zone. The consolidation phase could be nearing an end, especially if a breakout is confirmed over the weekend. Original Source
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Bitcoin (BTC) is rangebound with support at $35K-$37K. The loss of upside momentum over the weekend suggests limited upside given strong resistance around $45K. Source
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Block Inc., formerly known as Square, made modest bitcoin investments totaling $220 million during 2020 and 2021. Since then it has recorded impairment losses of $77 million, leaving a carrying value of $148 million. That’s not a big bitcoin investment commitment compared with MicroStrategy. However, fee revenue for facilitating crypto
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Ethereum is attempting a recovery wave from the $2,500 support against the US Dollar. ETH price must clear $2,700 and $2,750 to start a strong recovery wave. Ethereum found support near $2,500 and started an upside correction. The price is now trading below $2,700 and the 100 hourly simple moving average. There is
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Elon Musk’s electric car company, Tesla, has filed an annual report with the U.S. Securities and Exchange Commission (SEC) showing bitcoin holdings with a fair value of almost $2 billion at the end of December. The company sees crypto as both an investment and liquid alternative to cash. Tesla Has $2
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