A few Bitcoin traders expect now expect a deeper correction but data suggests that a relief rally toward $18,000 should not be ruled out. The price of Bitcoin (BTC) has been consolidating above $17,000 on Nov. 28 following a major correction from $19,400. In the near term, traders anticipate the dominant cryptocurrency to see another […]
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Analysts and traders discuss both bull and bear cases for Bitcoin after the BTC price plunged to $16,200. The price of Bitcoin (BTC) dropped sharply on Nov. 26 following a mass sell-off from whales. Data from on-chain data firms, namely Santiment, Intotheblock, and CryptoQuant, show heightened levels of whale exchange inflows. Whales selling right under […]
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Data shows Bitcoin has a pattern of sharply correcting after the open interest on BTC futures tops $1 billion. There was a time when BitMEX derivatives exchange reigned sovereign over other exchanges, and the company effectively held a 50% market share until July 2019. For this reason, traders kept a close eye on every indicator […]
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Bitcoin’s recent correction is healthy, but several altcoins have lost momentum and could remain range-bound for a few days. Bitcoin’s (BTC) rise above $20,000 will have to wait as the price saw a strong correction which and turned away from reaching a new all-time high. Data suggests that whales decided to book profits when Bitcoin […]
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Bloomberg praises market depth and liquidity, agreeing that conditions are much better now than during Bitcoin’s 2017 bull run. Bitcoin (BTC) continues to convert some of its harshest traditional critics from mainstream finance as Bloomberg admits that this bull run is nothing like 2017. In an article on Nov. 27, the publication known for its […]
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Analysis of sentiment and on-chain data shows that a correction was likely to occur. Is there still room for growth? According to data collected from 1000+ crypto social media channels, the average crowd sentiment towards Bitcoin adapted from slightly bullish to overwhelmingly bullish over the days leading up to Thursday’s dramatic pullback, mirroring the levels […]
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Bitcoin price fell short of reaching $20,000, but record high open interest on BTC futures shows pros are still bullish. Bitcoin (BTC) price failed to blast through the $20,000 level this week but multiple records related to volume and open interest were made on the way up to $19,484. One notable achievement was the open […]
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A bigger Bitcoin pullback or a consolidation might follow, analysts say, as the risk of whale sell-off remains. Analysts say a larger Bitcoin (BTC) price pullback or a consolidation period could occur. The two factors that could trigger more downside include increasing whale activity and short-term resistance. Bitcoin whale watching As Cointelegraph reported, Bitcoin crashed […]
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The price of Bitcoin must now reclaim the $18,000 level for a chance to resume November’s bullish trend. Bitcoin (BTC) has been seeing significant momentum in previous weeks as its price was approaching the precious $20,000 all-time high. However, an abrupt end came to this glorious rally, with Bitcoin price crashing severely over the past […]
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Fresh lows of $16,300 mean that BTC/USD has lost over $3,000 in 24 hours after hitting highs of $19,480. Bitcoin (BTC) has continued falling on Nov. 26 as selling pressure transforms into the biggest losses — in terms of U.S. dollars — since March. Bitcoin price sheds over $3,000 in 24 hours Data from Cointelegraph […]
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