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Troubling Sign: Bitcoin’s Surge to $8.2k Was Much Weaker Than to $12k, Data Shows

Over the weekend, the bitcoin price spiked to as high as $8,200 prior to the highly anticipated weekly close. Despite it being the first strong breakout since November 2019, there was not enough buying demand to push it to higher levels.Many traders expected bitcoin to hit upper resistance levels including

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JPMorgan Report Shows Bitcoin Institutional Demand is Rising, And It’s Crucial

According to JPMorgan managing director Nikolaos Panigirtzoglou, the activity of the CME bitcoin futures contract has increased in the past year. It indicates that the demand for BTC and new options contract for the dominant cryptocurrency is high.Institutional demand for bitcoin is critical in long-termThe cryptocurrency market has grown throughout

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Crucial Indicator Shows Bitcoin Price 250% Higher in 2020

Bitcoin could establish a new all-time high above the $20,000 level in 2020 as it hits crossroads with a bias-defining indicator.The benchmark cryptocurrency’s latest move uphill prompted it to retest its 20-weekly moving average on Wednesday. The technical indicator is conclusively accurate when it comes to defining bitcoin’s long-term trends.

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Bitcoin Traders are Exiting Bullish Positions En Masse, Data Shows

The number of traders who had bullish positions on bitcoin is declining. And it could be significant in determining the cryptocurrency’s next big move.Charts on the Bitfinex exchange earlier showed an almost parabolic rise in long positions, showing that investors expected to profit from a rise in the bitcoin price.Between

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Craig Wright Shows ‘Evidence’ of Satoshi’s Pseudonym in Bizarre Interview

The infamous self-proclaimed Bitcoin founder, Craig Wright, is at it again. The Australian computer scientist is resilient in his pursuit to prove he is the one and only Satoshi Nakamoto. That would be commendable if not that each attempt tends to prove his desperation instead.In a recent hard-to-believe-it’s-not-arranged interview, Wright

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BitMEX Liquidations Shows Why Bitcoin Abruptly Surged by $1,000 Overnight

Most of the liquidations that occurred on BitMEX on December 18 were short contracts. It shows that over-leveraged shorts were squeezed out, pushing the bitcoin price up so quick in a short time frame.70% of liquidations were shortsAccording to Skew Research, the overwhelming majority of bitcoin contract liquidations on BitMEX

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