Category: Analysis
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The Fed pumping the stock market might help Bitcoin, but not for the reason you expect
Despite cheering against central banks printing money and governments accumulating massive amounts of debt, these phenomena may be the very things that bolster Bitcoin’s price action in the months and years ahead. Some people believe that a collapse of the current economic system would bolster assets like Bitcoin due to economic participants fleeing to “hard…
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Bitcoin’s trend has never been this weak before halving: Should bulls be worried?
In approximately 30 days according to estimates, Bitcoin will see its next block reward reduction or “halving,” in which the number of coins issued per block will get cut in half from 12.5 to 6.25. Although halvings have traditionally been seen as an extremely positive event for the Bitcoin market, the past few months have…
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Key data metrics flip short for Litecoin as large transaction volume dives
It has been a rough year for Litecoin, with the cryptocurrency incurring some intense selling pressure throughout the past month that has led it to set fresh year-to-date lows over the course of the past few days. This weakness isn’t just limited to the past few months, however, as LTC is currently trading at price…
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Ross Ulbricht’s 9th Price Analysis Predicts Bitcoin Prices Below $3,000
The founder of the Silk Road marketplace, Ross Ulbricht, has published another analysis that attempts to predict the price of bitcoin. Ulbricht started sharing his price examinations last December and he leveraged the patterns of Elliott Wave theory to bolster his forecast. Also read: Bitcoin Revolution: Wanna Earn $1,000 a Day? Government Warns About This…
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Chainlink leads market-wide surge as recent technical breakout bolsters price action
Bitcoin’s swift break above $7,000 seen earlier today has led the cryptocurrency market to rise concurrently with it, and Chainlink appears to be leading this market-wide rally. The highly bullish crypto – which has a tendency of moving parabolically – is trading up significantly from its recent lows that were set yesterday, and just set…
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Bitfinex whale: This entity could be stopping Ethereum from seeing an “utter meltdown”
Ethereum has seen some relatively strong price action today, with the second-largest cryptocurrency by market capitalization rising in tandem with Bitcoin and virtually all other major altcoins. In spite of this short-term technical strength, one prominent Bitcoin whale noted in a recent tweet that he believes there is one surprising entity that is stopping ETH…
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Bitcoin just hopped above $7,000 after 10% correction, convincing analysts of bull case
After a precipitous drop to start the weekend, Bitcoin has begun to mount a strong comeback over the past five hours, with the cryptocurrency rallying to $7,100 just minutes ago after falling as low as $6,750 on Apr. 10. This means that from the local lows, BTC is up over five percent. The Bitcoin easter…