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ViewBitcoin's ongoing pullback could be extended further to the former resistance-turned-support of $9,586. Acceptance below that would expose the next base at $9,188.A UTC close below $9,075 (Feb. 4 low) would invalidate higher lows on the daily chart and confirm a short-term bearish reversal. The case for deeper pullback would
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The funding rates of bitcoin and Ethereum have been significantly higher than average throughout the past four weeks. It may suggest the crypto market is on track for a strong bull run.Funding has been positive for 37 days, showing glowing crypto market sentimentAccording to a well-known crypto trader who has
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A recent rally across all the major crypto assets is hinting the beginning of what could be an overlong bull cycle, says Satoshi Flipper.The top crypto analyst asserted in a tweet published on Thursday that bitcoin and other cryptocurrencies may stay in an uptrend for the next years. He explained
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Litecoin (LTC) hit $70 for the first time since September 2019 this weekend, fuelling speculation it will induce a Bitcoin (BTC) bull run.Data from CryptoX Markets and Coin360 showed LTC/USD passing the notable $70 barrier on Feb. 1, going on to claim local highs of $71.50. LTC seals 65% monthly
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Bitcoin (BTC) investors face double disappointment from Elon Musk this month as data shows Tesla is the one investment outdoing BTC in 2020. Figures from Cboe tracking $TSLA stocks against Bitcoin confirm that while BTC/USD has sealed 30% gains since Jan. 1, the former is up more, at 38%.Tesla hits
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Computer manufacturing giant Lenovo will help run the blockchain network for GoChain, a blockchain protocol startup.Lenovo will lend a hand to GoChain’s network, operating a signing node which “will be the first of its kind to be operated in a liquid immersion data center for cooling,” a Jan. 6
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Bitcoin’s price rises again. Many pundits have indicated that this has created a new paradigm where Bitcoin’s price is now finding new support levels. This also means that a bullish trend may be in the offing although many think that this isn’t so. Bitcoin’s prices have been under severe pressure lately.
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The US central bank’s effort to expand its balance sheet through a pseudo-quantitative easing program could prompt bitcoin to pursue its next bull run.Since October, the Federal Reserve has been buying $60 billion worth of T-bills every month. Moreover, the organization is purchasing another $20 billion in MBS and TSY
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The Bitcoin (BTC) subreddit has seen a remarkable increase in its number of subscribers since the cryptocurrency’s price spike last summer.Cypherpunk and proclaimed Bitcoin maximalist Jameson Lopp posted a tweet on Dec. 23, saying “the rate of new subscribers to the /r/bitcoin subreddit accelerated after the exchange rate jumped
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Brad Kuen: Bitcoin is right around $7100 with not much change over the weekend. CoinDesk’s Omkar Godbole writes that price charts are looking bearish, potentially heading back toward $6500 during the holiday. Prices would have to climb above $7870 to signal a short-term bullish reversal or above $8500 for a
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