Tuesday, November 19, 2024
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Bitcoin (BTC) Chalks Out ‘Head and Shoulders’ Pattern Ahead of U.S. Jobs Data: Valkyrie Investments

"High timeframe trend metrics remain firmly bullish, a near-term [bearish] reversal chart pattern has emerged. Although not classically meeting the textbook criteria of a head and shoulders, price action since March 19 has painted an extreme high with flanking lower highs," Valkyrie's analysts, led by chief investment officer Steven McClurg,

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7,800 jobs at IBM could be replaced by AI within years, suggests CEO

International Business Machines Corp. (IBM) is expecting to put a “pause” on hiring for "back-office" roles that could be potentially automated by artificial intelligence (AI) instead.IBM CEO Arvind Krishna explained in a May 1 interview with Bloomberg that many “back-office” positions such as those in the human resources and accounting

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Bitcoin ignores US jobs data as BTC price dip puts $28K support at risk

Bitcoin (BTC) recovered from new 10-day lows at the April 20 Wall Street open as the United States jobs data boosted investor confidence.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price: “Lights out” at $28,000?Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing upward after hitting $28,360 on Bitstamp.Amid an

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Bitcoin rests at $28K as US jobs data boosts new Fed rate hike bets

Bitcoin (BTC) showed little interest in moving higher at the April 7 Wall Street open as fresh United States macro data boosted bets on further interest rate hikes.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: Fed will keep hiking "until something breaks"Data from Cryptox Markets Pro and TradingView followed BTC/USD as

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