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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Wealthbuilding Guru Says Bitcoin Hodlers Have a ‘Problematic Mindset’

Ramit Sethi, author of the bestselling “I Will Teach You to Be Rich” has taken a swipe at crypto hodlers, suggesting that their investment strategy is fundamentally faulty because it is based on emotional identity instead of rational analysis. In his opinion, the reason many crypto investors insist on suffering through bad market periods is

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Op-Ed: Bitcoin Price Hits 2018 Low – It’s Time to Buy the Dip

From a historical perspective, the most profitable strategy in Bitcoin has been “buying the dip.” This means that when the price drops notably, one purchases some coin, holds it, and later on when the price rebounds, sells it. The Bitcoin price has historically walked its way up the market capitalization stairs, having sold well beneath

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Monday Massacre: Bitcoin Price Dives Below $5,000 as Support Levels Falter

The bitcoin price kicked off this week on a depressive note, extending its current bearish bias to another low level. The BTC/USD index fell from 5502-fiat to 4886-fiat on Monday, recording more than 11 percent in losses. The price action bled through crucial support levels that had a history of reversing bearish trends. It confirmed

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Bitcoin Market Cap Establishes New 13-Month Low, Drops to $92.53 Billion

The market cap of the world’s leading cryptocurrency has established its new yearly bottom. Bitcoin on Monday continued its downtrend, and its valuation dropped to a new bearish low at $92.53 billion. At the same time, the price of the digital currency fell to an average of $5,322, according to aggregate data available at CoinMarketCap.com.

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Bitcoin Analysis: Price Above $6500 Resistance post US Midterm Elections

Bitcoin on Wednesday challenged new highs as price against the US Dollar surged 1.42 percent within a few hours. The BTC/USD pair built upon the near-term bullish scenario after breaking above the interim resistance explained in our previous analysis. A breakout action above 6421-fiat started attracting long positions towards 6500-fiat as the primary upside target.

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Bitcoin Price Intraday Analysis: BTC/USD Holds Support

Bitcoin on Friday witnessed as much as 1.3 percent gains against the US Dollar from the pair’s previous low at 6293-fiat. BTC/USD is in a minor pullback scenario ever since and is trading at 6364-fiat at the time of this writing. In contrast to the Asian session, the European hours today witnessed lower volume. It

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Bitcoin Price Dips Beneath Level from One Year Ago

The Bitcoin yearly candle has finally gone red, with the daily price average about 0.25% below the price from one year ago today. This is the culmination of a long slump in Bitcoin price and trading volumes since the extreme highs of last year. While this article is not meant to analyze trading markets, we

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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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