$50K Bitcoin is ‘ultimate bear trap,’ says analyst as BTC price struggles for key level

Bears betting on a fresh Bitcoin price capitulation may get definitively burned this time, argues Rekt Capital.

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Bitcoin price dips are being ‘bought up strongly,’ but a $50K close remains key

Analysts identify the key levels BTC needs to hold in order to see continuation above $50,000.

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Strike’s Jack Mallers Talks Wonders Of Bitcoin In El Salvador And Why BTC Is On The Cusp Of Smashing $100k This Year

Key takeaways Jack Mallers, CEO of Strike, states that he expects Bitcoin to reach $100,000 before the end of the year. The CEO remains confident that volatility will not interfere with his company’s disruptiveness.

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Traders identify $41K as Bitcoin’s key support to hold for the short term

While the long-term sentiment remains bullish, traders warn that BTC must hold the $41,000 support to avoid a sweep of the $38,000 level.

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Retail Payments Company Verifone Is Rolling Out Crypto Payments To Over 600,000 Merchants

Key takeaways Verifone to allow over 600,000 U. S. merchants to accept selected cryptocurrencies as payment in partnership with BitPay. The cryptocurrencies involved include Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Bitcoin Cash (BCH), and others.

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TA: Bitcoin Near Crucial Juncture, Why Bulls Could Aim Fresh Increase

Bitcoin price extended its decline and tested the key $40,750 support against the US Dollar. BTC could start a fresh increase as long as it is above $40,750. Bitcoin extended its decline below the $42,000 and $41,200 support levels.

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VORTECS™ Report: This key trading algo spotted bullish altcoin setups even as BTC price fell

Even in a red market, solid gains can be made. Here’s how Cointelegraph’s unique trading tools highlighted the assets with the strongest historical outlook.

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TA: Bitcoin Stuck In Range, What Could Spark Key Reversal

Bitcoin price failed to clear the $45,000 resistance against the US Dollar. BTC is declining and it remains at a risk of more downsides below $42,000. Bitcoin failed to continue higher above the $44,500 and $45,000 resistance levels.

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TA: Bitcoin Forms Bullish Pattern, Why BTC Could Rally above $45K

Bitcoin price stayed above the key $40,750 support zone against the US Dollar. BTC is rising and it could soon rally above the $45,000 resistance. Bitcoin started a recovery wave above the $42,800 and $43,000 resistance levels.

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TA: Bitcoin Prints Bullish Pattern, Why Close Above $44K Is Critical

Bitcoin price started a decent increase above the $42,000 level against the US Dollar. BTC is now eyeing a key upside break above the $44,000 resistance zone. Bitcoin started a recovery wave above the $42,000 and $43,000 resistance levels.

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Citing A Feasible US Bitcoin ETF Debut By October, Bloomberg’s Senior Strategist Calls $100k BTC Price

Key takeaways Mike McGlone, Bloomberg’s Intelligence and Commodity Strategist, predicts a Bitcoin ETF approval is likely by October. McGlone adds that it is most likely to be a futures based ETF.

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Institutional Investors Allocating 5% Of Funds Towards Bitcoin Will Easily Take BTC Past $500k — Cathie Wood

Key takeaways Cathie Wood sets Bitcoin price target for $500,000 within the next 5 years. The target is hinged on growing institutional investment in Bitcoin. Data continues to support growing institutional interest in Bitcoin.

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Bitcoin price prediction; BTC plunge brings key support into view

The Bitcoin (BTC/USD) price retreated on Monday as sentiment in the cryptocurrency industry worsened. The coin’s price declined to $44,000, which was the lowest level since September 7. It has fallen by more than 17% from its highest level this month.

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Bitcoin tests key level for $40K BTC price dip as altcoins bleed

It’s not looking good for Bitcoin bulls, at least for today, as moving averages slip from view and $40,000 begins to loom large.

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TA: Bitcoin Stable Above $46K, Why $48K Holds The Key In Near Term

Bitcoin price is consolidating above the $46,000 zone against the US Dollar. BTC is must clear $47,500 and $48,000 to start a steady increase in the near term. Bitcoin is facing a major resistance near $47,500 and $48,000 levels.

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Bitcoin Officially Becomes Legal Tender In El Salvador, Country Secures First 400 BTC Purchase

Key takeaways El Salvador has implemented Bitcoin as legal tender. The country buys 400BTC, becoming first nation-state to do so. Critics mount pressure. Market remains highly optimistic of future outcome.

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TA: Bitcoin Gains Momentum, Why BTC Could Rally Above $52K

Bitcoin price broke the key $50,000 resistance zone against the US Dollar. BTC could continue to rise and it might soon clear the $52,000 resistance. Bitcoin started a fresh increase above the $49,500 and $50,000 resistance levels.

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TA: Bitcoin Holds Key Support, Why Technicals Suggest a Crucial Breakout Pattern

Bitcoin price is trading below the $48,000 resistance zone against the US Dollar. BTC could decline heavily if it fails to stay above the $46,500 support zone. Bitcoin failed to surpass $48,250 and dropped back to $46,500.

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Bitcoin price analysis: BTC faces potential declines to $40k

The BTC/USD pair has traded at lows near the key support of $46,300, with…

The post Bitcoin price analysis: BTC faces potential declines to $40k appeared first on Coin Journal.

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Bitcoin's key momentum metric just flashed bearish with BTC price pinned under $50K

The relative strength index is making lower highs while correcting from its overbought area.

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Bitcoin erases BTC price dip but $48.2K is now key to avoid bull trap

The bounce back above $48,000 is not a definitive sign that a correction is over, analysts warn.

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BTC outlook: Bitcoin price near key hurdle as bulls target $49k

BTC bulls are trying to weather downside pressure that has seen Bitcoin trade as… The post BTC outlook: Bitcoin price near key hurdle as bulls target $49k appeared first on Coin Journal.

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SEC Fines BitConnect Promoters $3.5M, Must Also Hand Over 190 BTC.

The U. S. Securities and Exchange Commission (SEC) has concluded its judgement on three key individuals tied to the now defunct BitConnect project. The post SEC Fines BitConnect Promoters $3.

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TA: Bitcoin Breaks Key Support, Why BTC Could Revisit $40K

Bitcoin price failed to stay above the key $45,000 support zone against the US Dollar. BTC is showing a few bearish signs and it could correct lower to $40k. Bitcoin extended its decline below the $45,500 and $45,000 support levels.

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TA: Bitcoin Struggles To Hold Key Support, What Could Trigger More Downsides

Bitcoin price failed to clear $48,000 and corrected lower against the US Dollar. BTC is likely to extend its decline if it breaks the $45,000 support zone. Bitcoin started a fresh decline after it failed to clear the $48,000 resistance.

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Venezuela cut off power to Bitcoin (BTC) mining plants despite legalization

Bitcoin (BTC) miners in one of Venezuela’s most important industrial states, Carabobo, had their electricity cut off by authorities, Criptonoticias reported.   On August 7, the regional officials effectively shut down crypto mining operations in the key state by suspending the power supply to all registered miners in the territory.

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Bank of America Highlights Key Benefits of El Salvador’s Bitcoin (BTC) Embrace

One of the largest banks in the US, Bank of America recently came out in public support of El Salvador’s move to make bitcoin legal tender by making a case of the development’s benefits. Bitcoin Adoption Offers Key Opportunities to El Salvador On Sunday, August 1, El Salvador President, Nayeb Bukele posted a tweet describingRead More

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Bitcoin price prediction: BTC is on the cusp of a bullish breakout

The Bitcoin (BTC/USD) price is hovering near a key resistance level as investors continue reflecting on the Federal Reserve and cues from Amazon. The coin is trading at $39,800, which is slightly below the important resistance at $40,000.

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TA: Bitcoin Eyes Key Upside Break, Why Bulls Remain In Control

Bitcoin price remained in a positive zone above the $39,000 level against the US Dollar. BTC is likely to climb further higher above $40,500 and $41,000. Bitcoin is trading nicely above the $38,200 and $38,500 support levels.

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Bitcoin Indicators Point to Possible Inevitable Break Above $40K Resistance

Bitcoin has been rejected several times after a push north of the $40,000 mark. At the time of writing, BTC trades at $36,621 with a 3. 2% profit in the daily and a 31. 9% in the weekly chart. The sentiment is growing bullish, as Bitcoin continues to tackle the important resistance at key levels.

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BTC At $33K – Did “The B Word” Conference Save Bitcoin?

On July 21, Bitcoin was trading below the key defense line of $30,000. It was widely believed that this level should be preserved so that Bitcoin could prevent extended losses. Some analysts have warned that after the $30,000 support level, the next strong support sits at around $18,000. However, it would be fair to argue […]

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TA: Bitcoin Bears Lose Strength, What Could Trigger A Decent Recovery

Bitcoin price extended its decline below the $30,000 support against the US Dollar. BTC is finding bids near $29,250 and it might attempt an upside correction. Bitcoin is following a bearish path and it broke the key $30,000 support zone.

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TA: Bitcoin Attempts Recovery, Why 100 SMA Holds The Key

Bitcoin price extended its decline below $32,000 before recovering higher against the US Dollar. BTC is back above $32,500, but it must clear the 100 hourly SMA to continue higher. Bitcoin started an upside correction after it traded towards the $31,500 zone.

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TA: Bitcoin Reaches Key Juncture, Why BTC Could Struggle To Recover

Bitcoin price extended its decline below the $33,500 support against the US Dollar. BTC is now consolidating above $32,200, below which it could accelerate lower. Bitcoin started a fresh decline below the $33,500 and $33,200 support levels.

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Bitcoin Shorts Fall While Institutions Wait In Cash After Basis Trade Evaporates

This weekend, the price of Bitcoin is making its way upwards to $34,500, but this has been on the back of even lower volume than the declining trend, given that it's Saturday. Bloomberg is currently looking at a key trendline that acted as a support for BTC price but is now struggling to break above.

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Bitcoin's key momentum metric hints at bullish divergence as BTC clings to $33K

The RSI is seeing higher lows after rebounding from its oversold areas as Bitcoin price is forming lower lows.

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Bitcoin bounces at key range amid hope BTC price will avoid ‘big nuke’

A major dip to $20,000 is not expected, one trader says, but lower levels, in general, are still in the cards going into the weekend.

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TA: Bitcoin Price Reaches Key Support, Why BTC Could Start Fresh Increase

Bitcoin price is correcting gains from well above $35,000 against the US Dollar. BTC is approaching a major suppot near $32,350, where the bulls might take a stand. Bitcoin started a downside correction from the $36,650 zone.

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TA: Why Bitcoin Price Could Turn Bearish Again If It Breaks $34K

Bitcoin price failed to stay above the key $35,000 support zone against the US Dollar. BTC is declining and it could slide heavily if there is a close below $34,000. Bitcoin started a fresh decline from well above the $36,500 level.

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Bitcoin (BTC) Attempts to Regain Key Support Area at $34,700

Bitcoin (BTC) has again approached an important support area near $34,700. After revisiting the $30,000 level last weekend, the price is trying to resume the uptrend. The post Bitcoin (BTC) Attempts to Regain Key Support Area at $34,700 appeared first on BeInCrypto.

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Key Bitcoin price indicator flashes its ‘fifth buy signal in BTC history’

The Puell Multiple just flashed a buy signal for the fifth time in BTC’s history, but its creator cautions that a plunging hashrate and China’s miner purge are important factors to consider.

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TA: Bitcoin Gains Traction, Why BTC Could Target Fresh High Above $35K

Bitcoin price regained strength for a fresh recovery and it broke $33,500 against the US Dollar. BTC is likely to continue higher above $35,000 in the near term. Bitcoin started a fresh increase after the bulls defended the key $30,000 support.

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Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 5, Part 1: Time Preference)

The time has come, book lovers. The time to discuss “time preference,” a key concept that will help you make sense of the world around us. If you already own BTC, you know how it changes your priorities and makes you a more measured individual, focused on the future.  The whole “stacking sats” meme, a […]

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Price analysis 6/18: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, LTC, BCH

Traders expect further downside from Bitcoin and altcoins after BTC dropped below a key support level at $36,000.

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Bloomberg Strategist On Why $100k BTC Price In 2021 Is Meager By Bitcoin Standards

Market conditions in 2021 are perfect for bitcoin to reach and surpass the $100,000 price level according to senior Commodity analyst at Bloomberg Intelligence Mike McGlone. McGlone, who has recently been predicting (on a consistent basis) a positive outlook for bitcoin and the entire crypto market said that key factors that support this analysis include last year’s […]

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Bitcoin (BTC) is rising again – what are the key triggers?

Bitcoin’s price has seen series of fluctuations over the past few weeks, shedding as much as 40% since its all-time high of $63,000 in April. However, the crypto asset has started rebounding, climbing from $33,000 to $36,000 within few days.

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TA: Bitcoin Extends Losses, Why $30K Holds The Key For Next Wave

Bitcoin price extended its decline below the $33,000 support zone against the US Dollar. BTC is currently recovering and it must stay above $30,000 to avoid a larger decline. Bitcoin extended its decline below the $33,500 and $33,000 support levels.

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TA: Bitcoin Signals Fresh Increase, Here’s Why $37K Is The Key

Bitcoin price retested the $35,000 support level against the US Dollar. BTC is now rising, but it must clear $37,000 and the 100 hourly SMA for a steady increase. Bitcoin is recovering higher from the $35,000 support zone.

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Why is Wall Street becoming less interested in Grayscale’s Bitcoin Trust?

BTC demand via Grayscale Bitcoin Trust is dropping for several key reasons.

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