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Options Traders are Nearly All Long on Bitcoin; What This Means for BTC

Bitcoin’s week-long bout of consolidation appears to be leading options traders to grow increasingly bullish on the cryptocurrency Data shows that options traders are nearly all anticipating BTC to see further upside in the weeks and months ahead There are multiple factors, however, that suggest it is poised to see downside in the near-term These factors include rising funding, a high quantity of underwater long positions, and its multiple failed attempts to break above $10,000 […] дальше »

2020-6-10 02:00


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Ethereum on Unstable Ground Following Immense Overnight Turbulence

Ethereum has been closely tracking Bitcoin’s price over the past several weeks This caused it to see some intense overnight instability, with its price rising to highs of $246 overnight after crashing to lows of $235 One bear-favoring technical pattern that has been forming over the past few days could lead it significantly lower Analysts do believe that ETH 2. дальше »

2020-6-10 23:00


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Analysts Expect Bitcoin to See “At Least 18 Weeks” of Blood Due to This Pattern

Bitcoin saw some immense overnight turbulence that caused its price to plummet from highs of nearly $9,900 to lows of $9,400 on many exchanges This movement liquidated over-leveraged long and short-positions, and further confirmed that BTC is caught within a tight trading range Despite its current stability, one pattern now indicates that Bitcoin is positioned to make a massive movement in the near-term One analyst believes that this movement will favor sellers, as a pattern […] дальше »

2020-6-10 21:00


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100M XRP Unlocks from Ripple’s Escrow Wallet, Compounding Technical Weakness

XRP has been caught within a long-held bout of consolidation around $0.20, struggling to garner momentum in either direction Although the lack of a consistent USD downtrend may be welcomed by its embattled investors, the cryptocurrency has been flashing some signs of overt weakness as of late One such sign would be the losses it has posted against BTC over the past several weeks Another 100 million tokens were also just moved out of Ripple’s […] дальше »

2020-6-9 23:00


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Bitcoin at Grave Risk of Cratering to $7,400 as it Taps Multi-Month Trendline

Bitcoin is flashing some signs of weakness as it navigates towards the lower boundary of a trading range that has been firmly established over the past couple of weeks The crypto’s current weakness comes after a failed attempt by buyers to propel it towards $10,000 This decline has also led BTC down to a multi-month ascending trendline that has been guiding its price higher If it breaks below this level, analysts warn that it could […] дальше »

2020-6-8 22:00


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Here’s the Single Factor that Could Trigger a Bitcoin Selloff to $7,600

Bitcoin has entered a firm consolidation phase as it struggles to garner any notable upwards momentum It does appear that the resistance existing within the upper-$9,000 region is insurmountable, with another rejection here potentially proving to be grave There are a few factors that suggest the cryptocurrency is poised to see some notable downside in the days and weeks ahead One such factor is the existence of a CME futures gap at $7,600. This coincides […] дальше »

2020-6-6 02:00


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Here’s Why Bitcoin’s Outlook Remains Bleak as Long as It Trades Below $10,500

Bitcoin saw a sharp and unexpected rally past $10,000 yesterday that caught sellers off guard This movement allowed the benchmark crypto to rally to highs of $10,400 before it lost its momentum and declined back to the lower five-figure price region The cryptocurrency now appears to be trading at a pivotal point, and analysts are noting that it could still see further downside in the days and weeks ahead There is one level that, if […] дальше »

2020-6-3 21:00


4 Indicators Show Bitcoin Has a “High Chance” of Falling in Next 2 Weeks: Analyst

Bitcoin has mounted a strong recovery since the lows seen last week. The leading cryptocurrency traded as high as $9,750 on Saturday, over 13% higher than last weekend’s lows. Even still, there remain textbook technical indicators suggesting there is a “high chance” BTC sees a correction in the coming weeks. According to the analyst that... дальше »

2020-6-1 13:00


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These Three Factors Show Bitcoin Will See a Massive Selloff at $10,000

Bitcoin has seen some incredibly mixed price action as of late, with BTC struggling to garner any notable momentum as it approaches its heavy resistance $10,000 This resistance has proven to be insurmountable on multiple occasions throughout the past several weeks and months One analyst is now noting that BTC’s ongoing rally up towards the five-figure price region is strikingly similar to that seen in months past Three factors signal that this rally could be […] дальше »

2020-6-1 19:00


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Prescient Analyst: Why Bitcoin Breaking Out Of Range Will Spark $12K Bull Run Within A Month

Bitcoin’s current price is a far cry from the $20,000 registered during the late 2017 crypto bull market. But, this has not made the asset’s investors any less bullish. One popular analyst recently noted that BTC could explode in the coming weeks should it break out of a trading range. His analysis is especially noteworthy […] дальше »

2020-5-31 17:42


Ethereum Posts Breakout Rally as Analysts Set Upside Targets at $290

Ethereum has been able to incur some notable upwards momentum throughout the past day. This has come about after weeks of it severely underperforming both Bitcoin and the aggregated crypto market. It now appears that the cryptocurrency could be positioned to see even further gains in the near-term, as this latest movement has provided its... дальше »

2020-5-30 00:00


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Grayscale has Bought More Bitcoin than has Been Mined Since Halving

Institutional interest in Bitcoin is increasing, so much so that major firms are buying up the asset at unprecedented rates. Grayscale has been aggressive on BTC acquisition since the halving. The investment firm has purchased 18,910 bitcoins over the past couple of weeks according to investor Kevin Rooke [@kerooke], who added, “Wall Street wants Bitcoin, […] The post Grayscale has Bought More Bitcoin than has Been Mined Since Halving appeared first on BeInCrypto. дальше »

2020-5-30 17:10


Derivatives Data Shows That Even After 150% Rally, Bitcoin Is Far From Topping Out

Over the past few weeks, analysts have said Bitcoin is finally finding a local top. For the third time in a matter of months, the cryptocurrency was rejected in the $10,000 range. It was a rejection that caused many to reconsider their bullish stance on BTC due to the level’s importance. Though derivatives data and... дальше »

2020-5-29 04:00