Category: Trading
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Bitcoin makes new yearly high as it nears $9000
Since February, bitcoin experienced four consecutive months of price increases. BTC has gone up more than 168 percent, marking a new yearly high of $8,950 today. Bitcoin Technical Analysis On the 1-month chart, a series of support and resistance levels based on historical data can be drawn. These price points have acted as barriers, preventing the price…
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Hackers Have Looted More Bitcoin Than Satoshi’s Entire Stash
Ever since cryptocurrencies started gaining value, hackers have targeted exchanges that provide digital asset trading and malicious entities have siphoned billions of dollars worth of bitcoin since 2011. So far, over 1 million of the world’s BTC has been stolen from exchanges and traders continue to leave vast quantities of funds on centralized trading platforms.…
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Bitcoin consolidating above former resistance, but what’s next?
Bitcoin is doing what it’s done best over the last decade and continuing to climb, despite skeptics, antics, and rhetoric. While some traders are expecting price movement to retest the former resistance zone, there are signs suggesting a retrace into that zone may not be necessary in a bullish continuation. That said, the various technical…
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Top 5 forecast: Bitcoin, Ethereum, XRP, Bitcoin Cash, and Litecoin technical analysis
After several weeks of bullish momentum, most of the top market cap cryptos are going through a period of consolidation. It’s unclear whether the market will pullback or experience new highs, and overall it seems wise to wait for confirmation before re-entering the market. Bitcoin Over the last week, Bitcoin has been trading between $7,000…
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Markets Update: Bulls Show Signs of Exhaustion as Crypto Prices Taper
Cryptocurrency prices have dipped slightly since our last markets update as most digital assets are down between 2-7% over the last 24 hours. Today, on May 23, the market capitalization of the entire cryptoconomy is around $237 billion and the daily global trade volume is roughly $77 billion. Also Read: US Copyright Office Responds to…
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PR: CoinDeal – Premier League Sponsor Ready for New Challenges in US Market
[youtube https://www.youtube.com/watch?v=LSA1_4JU7OE&w=560&h=349] This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Last season in the Premier League brought a huge success for the both teams – Wolves…
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Markets Update: Bitcoin Cash Jumps Ahead as Crypto Prices See Fresh Gains
Digital asset markets jumped in value over the last 24 hours as most cryptocurrencies have gained 8-13%. Since our last markets update the entire cryptoconomy has increased by $33 billion and this Sunday bitcoin cash (BCH) lead the top ten pack once again with a 12.9% gain in the last day. Also Read: Putting an…
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Will privacy coins beat Bitcoin? Analysis of Monero, Zcash, Verge, Komodo, and Grin
The cryptocurrency market is going through a correction after the recent surge above $8,000. Yet, relative to BTC, will privacy coins fare any better? Using two indicators—support resistance levels and moving averages—it is possible to assess the outlook for Monero, Zcash, Verge, Komodo, and Grin. Indicators The first technical attribute that will be used to analyze…