Tag: bitcoin analysis

Major Exchange CEO: Despite Correction, Demand For Bitcoin Has Not Declined

Yoni Assia, the CEO of important multi-asset trading platform eToro, has stated that the correction of Bitcoin is favorable for the long-term wellbeing and growth of their crypto marketplace. Throughout August, Bitcoin listed its third significant correction in 2018, as its price dropped from $8,500 to $5,850. But, soon after dipping under the significant $6,000 […]

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Did Bitcoin Bottom Out at $5,800 and is This the Beginning of a New Rally?

In only 3 times, the Bitcoin cost has regained from $5,850 to $6,500, contributing to the whole crypto market to rally with a massive margin. Followed from the institution of Bitcoin’s recently found momentum, tokens and little market cap cryptocurrencies have climbed by large margins, by approximately 30 to 80 percentage previously 48 hours. ) […]

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Prominent Analyst: Bitcoin and Crypto Aren’t Heading Upwards, Big Drop Before Big Rally

Although that the crypto market saw a resurgence on Wednesday, together with resources such as Bitcoin submitting 5 percentage profits, the market stays in “purgatory,” where analysts are not too certain where prices will proceed . While ETNs shouldn’t be confused with the similarly-named ETF, lots of people and business leaders likened this new investment vehicle […]

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Bitcoin Price Watch: What Does BTC/USD’s Failure Near $6,600 Indicate?

Key PointsBitcoin worth jumped above the $6,400 and $6,550 resistance ranges, however failed to carry features towards the US Dollar.There is a significant bullish development line in place with assist at $6,240 on the hourly chart of the BTC/USD pair (information feed from Kraken).The pair clearly made a failed try to interrupt the $6,550 and […]

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Bitcoin Price Watch: BTC/USD’s Rebound Above $6,350 is Real?

Key PointsBitcoin cost recovered well after trading as low as $5,894 and proceeded over $6, respectively 200 from the US Dollar. There is a brand new linking bullish trend line forming with service in $6,180 about the hourly chart of this BTC/USD set (data feed from Kraken). The pair may reevaluate the $6,550 resistance zone […]

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Does 50% Decline in the Turkish Lira Prove Bitcoin is Better Than Fiat?

The Turkish lira has fallen by 50 p.c since September 2017, from $zero.three USD to $zero.15 USD. While Bitcoin has fallen greater than the lira up to now 12 months, buyers of Bitcoin nonetheless are succesful to withdraw and money out their investments in crypto.Strict Capital ControlsCurrently, the worth of the Turkish lira in opposition to […]

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Bitcoin Price Watch: BTC/USD Could Rebound Above $6,500

Key PointsBitcoin value discovered assist close to the $5,970-6,000 space and recovered properly towards the US Dollar.There is a significant contracting triangle forming with resistance close to $6,480 on the hourly chart of the BTC/USD pair (knowledge feed from Kraken).The pair should break the $6,480 and $6,570 resistance ranges to realize upside momentum within the […]

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