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Some analysts recently weighed in on Bitcoin price prediction as the prominent token appears set to embark on another rally. Bitcoin (BTC) price prediction sees some analysts argue that the leading digital currency could hit $100,000. As it stands, BTC has found support at the $24,000 threshold after climbing from
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"If judges turn more favorable, then there is the chance that GBTC Trust shares can be converted into an ETF. In that case, the discount in GBTC shares relative to the fund's net asset value could be quickly arbitraged away, and that's why GBTC shares are rallying now," Markus Thielen,
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The death cross formed on the weekly timeframe makes for a cautious view of the near-term outlook, one observer said, while another called it a non-event. Source
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In wave theory, market trends unfold in five waves, three of which represent the primary trend and the other two mark partial retracements within the primary trend. Bitcoin's year-to-date rally seems to be a retracement wave ahead of the final leg lower, QCP Capital said. Source
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Market analysts rely on many technical indicators to anticipate future trends, one of which is the very-popular ascending triangle chart pattern.What is an ascending triangle pattern?As the name indicates, an ascending triangle on a chart forms when the price consolidates between a rising trendline support and a horizontal trendline resistance.The
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Ethereum is consolidating gains above $1,600 against the US Dollar. ETH is showing positive signs and might start another increase above $1,650. Ethereum is showing positive signs above the $1,620 and $1,600 levels. The price is now trading above $1,600 and the 100 hourly simple moving average. There is a key bullish flag
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In the wake of FTX’s collapse, many eyes focused on the now undisputed largest cryptocurrency exchange in the world, Binance. Due to an opaque proof of reserves, the withdrawal of accounting firm Mazars, and a bank run on the exchange, the Binance Coin (BNB) suffered a temporary loss of trust
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Dogecoin formed a base near $0.066 and started a fresh increase against the US Dollar. DOGE could rise further if there is a close above the $0.080 resistance. DOGE gained pace and traded above the $0.075 resistance against the US dollar. The price is trading above the $0.0750 zone and the 100
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Ether (ETH) has been ranging near $1,200 since Dec. 17, but an ascending trend has been quietly gaining strength after 50 consecutive days. The pattern points to $1,330 or higher by March 2023, making it essential for bulls to defend the current $1,180 support.Ether/USD 1-day candle chart. Source: TradingViewThe anxiously
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The Shiba Inu price has moved south on its chart over the last 24 hours. In the same time frame, SHIB depreciated by 3%. In the past week, the meme coin also did not register gains, losing a few support lines after losing close to 6% of its market value. SHIB
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