This Bullish Crypto Trader is Predicting a ‘Breakdown’ for Bitcoin Price Tomorrow

According to a trader who offers professional consulting and provides an altcoin signals service via Telegram, Bitcoin is very likely to “breakdown” by tomorrow. Alan Masters published an idea to Tradingview late last night encouraging everyone to “secure profits” and play some wait and see. He provides the following chart: According to Masters, the volume is dissipating in Bitcoin markets, which is indicative of a massive change impending. Combined with “mostly sideways-bearish action,” and negative technical indicators, Bitcoin is likely to drop hard. Hedging his own predictions, Masters says: We always say that Bitcoin tends to do what nobody expects.

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The Simple Reasons Why the Bitcoin Price Will Never Go to Zero

By CCN.com: This publication recently covered a talk at Davos in which Jeff Schumacher claims the Bitcoin price is on the way to zero. In this article, we discuss two simple reasons why this is an impossibility. As CCN’s Christina Comben writes: Schumacher is a top investor and relative veteran in the space. He told

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Newsflash: Bitcoin Price Falls Near $3,750

Bitcoin price retreated below $4,000 for the first time this week to trade near $3,750 during Thursday’s early trading period. The price of bitcoin, the world’s first and foremost cryptocurrency by market value, was trading at $4,036 (Bitstamp) at 07:00 UTC on Thursday before a precipitous fall leading to a drop of nearly $300 in

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Bitcoin Can Be Worth a Lot or Zero: Money Manager Bill Miller

The bitcoin price has the potential to be worth a lot — or it can tank to zero, says Bill Miller, the founder of Miller Value Partners in Baltimore, Maryland. “I like bitcoin because it’s not correlated with [the stock market],” Miller told CNBC (video below). “It does have the potential to be worth a lot,

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Bitcoin Price Smashes Through $4,000 — Is a Breakout Imminent?

The bitcoin price on Sunday surged as high as 7.7 percent against the US dollar backed by a bullish yearly prediction. The bitcoin-to-dollar rate established its intraday peak at $4,085 but underwent a minor correction action to trade at $4,051 at press time. The pair had been attempting to break through $4,000 since December 28,

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Bitcoin Price Rally Loses Steam Near $4,000 – Will Bulls Wake in 2019?

The Bitcoin price has spent the first day of this weekend struggling to get through the $4,000 mark. The digital currency attempted a bullish reversal on Friday, marking more than $300 worth of gains in just two hours. That hasn’t exactly changed any longer-term sentiments for the market, especially when it has dropped by more

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Bitcoin Price Begins a New Ascent Inside Giant Bear Pennant

Bitcoin price on Friday surged more than 7% against the US Dollar on a 24-hour adjusted timeframe. The bitcoin-to-dollar rate noted sudden spikes at the beginning of the US session after spending the day inside a narrow trading range. The move occurred just near $3,600, the resistance of said narrow range, giving the market a

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Bitcoin Price Uptrend Exhausts ahead of $4,500 Reclaim

Bitcoin price on Friday corrected 5% from its intraday high at $4,172, hinting that the ongoing uptrend is close to exhaustion. The Bitcoin-to-Dollar pair found a compelling resistance area near $4,000 that reversed the breakout attempts on four separate occasions today. To the downside, the area near $3,880 provided similarly strong support to keep the

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The Big Short: Former IMF Economist Finally Closes Year-Old Bitcoin Short

A year ago today, Bitcoin peaked at $19,511. Former International Monetary Fund economist and Pharo Senior Risk Trader Mark Dow made an unpopular bet not long thereafter: Bitcoin would not sustain its growth and the price would slip from there. He entered a short position and rode his intuition all the way to the bank,

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Asian Chief of FX Trading Firm Predicts Bitcoin Price Fall to $2500

The Asia-Pacific Head of Trading at foreign exchange brokerage Oanda has predicted that bitcoin price will fall as low as $2,500, claiming the behavior of the asset over the past few months has not demonstrated to investors that a bottom is in. Speaking on Bloomberg Markets: Asia, Stephen Innes stated that despite the pronouncements of “soothsayers”, the

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