Bitcoin Price Intraday Analysis: BTC/USD between Breakout and Bull Trap

The Bitcoin-to-Dollar exchange rate on Monday surged 2 percent against the US Dollar from 6590-fiat to 6729-fiat on bottom formation sentiment and increased institutional investments. The Bitcoin had a steady week, rising and dropping within a specific range with its trend facing upward. Many believe the digital currency has found its bottom and a massive

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Bitcoin Price Intraday Analysis: BTC/USD Towards Breakdown Action

Bitcoin on Wednesday depreciated more than 3.5 percent from its yesterday’s high near $6,659. The BTC/USD has been under a bearish impression since September 28 but has found strong support near 6500-fiat. The downtrend today also tested the level, broke below it only to see an influx of long positions around it. The minor upside

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Billionaire Tim Draper Stands By Bullish $250,000 Bitcoin Price Target For 2022

Tech billionaire Tim Draper stands by his bitcoin price target of $250,000 for 2022. Despite the recent slump, Draper remains undeterred in his enthusiastic outlook for the largest virtual currency by market cap. “This is going to be so big, so if you see a dip [in prices], jump in,” Draper told TheStreet at the

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Bitcoin Price Secures $7,200 as Shorts Rise Rapidly but Tokens Bleed Out

On September 2, short contracts on Bitcoin started to pile up on BitMEX and Bitfinex, a relatively large portion of the crypto market expressed their negative stance on the short-term performance of Bitcoin price. Although Bitcoin has successfully broken out of the $7,200 resistance level on September 1, since late August, the dominant cryptocurrency has

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SEC Will Review Rejected Bitcoin ETFs: Why They Will Remain Rejected

This week, the US Securities and Exchange Commission (SEC) has said it will review nine Bitcoin exchange-traded funds (ETFs) it disapproved on August 24. The letter sent to NYSE Group senior counsel David De Gregorio by SEC secretary Brent Fields read: “This letter is to notify you that, pursuant to Rule 43 I of the

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Google Searches for ‘Bitcoin Price’ Sink to Three-Year Low

Fewer people are looking up the term “Bitcoin Price” on Google than at any point for more than a year. Data from Google Trends reveals that the search term is approaching historically low levels of popularity not seen since 2015. Market Slump’s Effect on Google Searches Google Trends describes itself as a public web facility that

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Tokens Record 50% Gains as Crypto Market Recovers, Bitcoin Price Stabilizes

Over the past 24 hours, tokens such as VeChain, Ontology, and PundiX recorded 50 percent gains against the US dollar, as the crypto market recovered and Bitcoin showed stability. VeChain recorded the biggest jump in value on August 17, spiking by over 50 percent against the US dollar, becoming the best performing digital asset this

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Bitcoin Price Intraday Analysis: BTC/USD Shows No Bullish Action

No longer after we published our analysis on July 30th, 2018, the Bitcoin price against the USD started to slip heavily owing to overlong sideways action. In the past 24 hours. The BTC/USD pair has dropped over 5%, summing-up the overall 9% drop since the July’s high at 8512-fiat. Nevertheless, our intrarange strategy played out

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Bitcoin Drops to $7,800 But Rebounds Instantly to $8,150, Tokens Suffer

On July 31, the price of bitcoin fell by 4 percent, from $8,150 to $7,800, as both major cryptocurrencies and small market cap tokens plummeted in value. Within hours after its 4 percent drop, the price of bitcoin rebounded from $7,800 to $8,150, demonstrating an instantaneous recovery from its relatively large drop. However, other major

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Bitcoin Price Intraday Analysis: BTC/USD Bias Conflict Prevails

So now we are at the start of another week, but Bitcoin value hasn’t really managed to extend the previous week’s powerful rally towards $8,512. As far as the long-term holdings are concerned, there is nothing much happening inside the market. In the last 24 hours itself, the BTC/USD pair continued to trend sideways within

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