Bitcoin has rebounded above $10,000 and successfully confirmed the $9.8K level as support as BTC appears to be getting ready for the next move up. Bitcoin (BTC) price made a small correction yesterday as it dropped from $10,100 towards $9,800. However, today’s bullish momentum returned and the price bounced back above $10,000 to make a […]
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The creator of the stock-to-flow model reveals the belief that Bitcoin will not return below $8,200, putting pay to traders calling for new lows. Bitcoin (BTC) may dip below its 200-week moving average price but will stay above $8,200, one of the industry’s most respected analysts has said. In a series of tweets on Feb. […]
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In a now-classic move, Bitcoin abandoned higher levels just briefly to fill a gap left between two futures trading sessions this weekend. Bitcoin (BTC) fell below $10,000 on Feb. 10 as sudden volatility saw markets abandon five figures just a day after reaching them. Data from Coin360 and Cointelegraph Markets showed BTC/USD dipping to lows […]
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Bitcoin’s rally above $10,000 is likely to boost sentiment further, which could benefit the altcoins. Bitcoin has extended its strong run this year by a move above the psychologically critical level of $10,000. The positive sentiment in Bitcoin is leading the crypto space higher. In 2020, most major altcoins have been outperforming Bitcoin, which shows […]
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Bitcoin price enters what could be a brief consolidation phase but traders are keeping a sharp eye on the approaching weekly close. After an impressive performance over the past two weeks, Bitcoin (BTC) price appears to be taking a breather which on Feb. 7 saw the price trade in the $9,730 to $9,800 range. The […]
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The latest Cointelegraph Market Discussion focuses on whether Bitcoin can realistically sustain its 40% year-to-date gains. Bitcoin (BTC) may have come within 2% of $10,000 this week, but its 40% gains in 2020 are now making traders bearish about the future. Speaking to Cointelegraph in a Market discussion on Feb. 7, two trading heavyweights highlighted […]
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Most major cryptocurrencies are nearing stiff resistance levels, which can result in a few days of consolidation or a minor correction. The institutional investors have maintained their bullish stance on Bitcoin. Though the spot price is yet to hit $10,000, CME Bitcoin futures have already reached the five-figure mark. Additionally, the Bitcoin futures open interest […]
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Bitcoin’s dominance continues to drop as altcoins outperform the largest cryptocurrency. Although Bitcoin has rallied about 33% year-to-date, its dominance has dipped to 64.40%, its lowest level since July 2019. This shows that altcoins have continued to outperform Bitcoin. However, with the Bitcoin halving fast approaching, the digital asset’s volatility is likely to pick up. […]
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As the sentiment in the Bitcoin and cryptocurrency markets has turned positive, this dip should be viewed as a buying opportunity. The recovery in cryptocurrency prices has ignited interest among institutional investors. In 2019, dedicated crypto funds returned more than 16% according to Eurekahedge while traditional hedge fund strategies returned 10.4% according to Hedge Fund […]
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The top crypto performers of this week have resumed their up move and are now likely to rally to their next overhead resistance levels. Several major altcoins have outperformed Bitcoin in January 2020. However, with the reward halving just over three months away, Bitcoin might play catch up. During the previous two halvings, Bitcoin rallied […]
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