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Bitcoin Narrowly Avoids 7 Consecutive Red Daily Candles – CCN.com

Bitcoin narrowly escapes a critical breakdown. | Image: Shutterstock Bitcoin (BTC) has rallied to gain nearly 5% in as many hours, narrowly avoiding posting seven consecutive red daily candles for the sixth time ever. The last time that BTC posted seven red daily candles in a row was heading into the start of August 2018. From July 29 to Aug. 4 of last year, BTC fell 15% from approximately $8,240 to $7,000. Following the streak of red daily candles, the following week failed to produce a recovery, with prices sliding…

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Bitcoin Price Saturday Spiral Tramples on Short-Term $12,000 Breakout — CCN Markets

Bitcoin price fell sharply on Saturday after failing to break beyond $11,000. | Source: Shutterstock The bitcoin price abruptly dropped by more than five percent $10,949 to $10,204 in the past 24 hours at a point which technical analysts described as a critical moment for bitcoin. The bitcoin price has dropped by more than $500 overnight against the USD (source: coinmarketcap.com) As the bitcoin price initially made its way to $10,900, traders anticipated the dominant cryptocurrency to break out of a crucial resistance level and potentially retest $11,400 with the…

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bitcoin Bitcoin Analysis Bitcoin Price News Bitcoin Trading Cryptocurrency News Murad Mahmudov 

Bitcoin Could Hit $100K in the Next Bull Run: Hedge Fund CIO

Yet another crypto fund executive sets an ambitious $100,000 price target for bitcoin. Source: Shutterstock Crypto hedge fund executive, Murad Mahmudov this morning added his voice to the growing song of experts calling for $100k a bitcoin. The CIO of Adaptive Capital weighed in on the technical debate observing that the current choppy price action is most likely just a “steady accumulation” phase. At first glance this looks like a weak chop for the next week or so, but my intuition tells me there is steady accumulation happening at these…

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Binance bitcoin Bitcoin Analysis Bitcoin Price News Craig Wright Donald Trump Opinion 

Trump Triggered the Latest Bitcoin Price Spike

Binance Research made the specious claim that the that latest bitcoin price spike was caused by President Donald Trump’s tariff rhetoric. | Source: NICHOLAS KAMM / AFP (i), Shutterstock (ii). Image Edited by CCN. Binance Research, the research arm of the world’s largest crypto exchange, claims that President Donald Trump caused the latest bitcoin price spike. Binance Research made the specious claim on Twitter, where it noted: “BTC has rallied, together with multiple safe-haven assets, after Trump’s latest tariff storm. Will the trade war continue to be a catalyst for…

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Bitcoin Price Pierces $10,000 But Analyst Shades ‘Mini-Bump’

The bitcoin price regrouped from its vicious weekend sell-off to recover past the $10,000 mark on Wednesday. Bitcoin Price Recovers to Crucial Psychological Level The dominant cryptocurrency had been in an uptrend for most of the day, and at approximately 10:00 am ET it managed to successfully pierce the $10,000 mark, which is generally considered to be a level of crucial psychological – if not technical – resistance. The bitcoin price pierced $10,000 for the first time since July 27. | Source: TradingView Many cryptocurrency analysts remain bearish on the…

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Bitcoin Price Sinks Below $10,000; What’s Causing the 4-Digit Drop?

Within less than three weeks, since July 9, the bitcoin price has fallen from over $13,000 to below $10,000, which many investors regard as a key psychological level for the crypto asset. While the dominant crypto asset initiated a strong recovery on July 17 from around $9,200 to $10,600, it has struggled to climb above $11,000, failing to test the resistance level throughout the past several days. Largely technical movement, positive fundamental developments for bitcoin As said by technical analysts like Josh Rager, apart from a few short squeezes on…

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Bitcoin Price Jumps $1,000 in Sudden Spike Beyond $10,000; What’s Next?

On July 18, the bitcoin price experienced an abrupt surge from around $9,300 to $10,500 as the crypto market rebounded, rising by well over $1,000 within minutes, as CCN reported. Following the sudden upside movement, technical analysts still generally remain cautiously bearish towards the short term trend of the dominant crypto asset due to its inability to cleanly break out of a key resistance level at $10,850. Is a move down for bitcoin likely? As said by technical analyst Eric Thies, throughout the run up towards the 2017 bull market,…

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Bitcoin Price Spikes 10% in 2-Day Rally Despite Lacking Retail Investor Flurry

Over the past 48 hours, the bitcoin price has surged by more than ten percent against the U.S. dollar from $11,328 to $12,545 on regulated crypto exchanges like Coinbase Pro and Kraken. Earlier this month, the bitcoin price dropped to as low as $9,700 in a relatively large pullback that was anticipated by traders for quite a while. The bitcoin price has increased by ten percent in the past 24 hours. Source: coinmarketcap Prior to its near 30 percent pullback on July 2, the bitcoin price had increased by more…

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Coinbase Goes Offline as Bitcoin Price Crashes

The bitcoin price suffered a cataclysmic – and sudden – crash on Wednesday, and one of the world’s most prominent cryptocurrency exchanges failed to handle the load of users scrambling to salvage their portfolios. Bitcoin Price Crashes More Than $2,000 on Bitstamp The bitcoin price crashed more than $2,000 on Bitstamp. | Source: TradingView After ascending as high as $13,880 earlier today on Bitstamp, a parabolic bitcoin price endured a sudden sell-off. A wave of sell pressure rocked the market at approximately 4:30 pm ET, sending BTC careening downwards. Within…

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Raging Bitcoin Price Propels Crypto Market to Spike $25 Billion in 2 Days

By CCN Markets: In the past two days, the valuation of the crypto market has increased from $300 billion to $325 billion, supplemented by the strong upside movement of bitcoin. The bitcoin price is up from $8,900 to $11,000 in the past seven days against the U.S. dollar (source: coinmarketcap.com) As the bitcoin price quickly moved from $8,000 to $11,000, major crypto assets in the likes of Ethereum, XRP, Bitcoin Cash, EOS, and Binance Coin recorded fairly large gains against the U.S. dollar. Little resistance, investors see momentum of crypto…

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