Tag: Crash

Bitcoin Price Analysis: BTC Plunges $300 in 2 Hours, Here’s Why

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Bitcoin bears appear to have come out of hibernation today. According to the latest data from Glassnode, Bitcoin hourly addresses hit a 2-year high today and hourly active addresses set at a new yearly high. While these figures might sound promising, they have coincided with a steep $300 crash in Bitcoin’s price over a 2.5 […]
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Bitcoin Price Analysis: BTC Bears Eye $8,600 As RSI Divergence Grows

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On the 1D BTC/USD chart, we can see that the leading crypto-asset remains range-bound between the daily $8,600 and $10,000 levels. Rumors earlier in the week regarding PayPal possibly adding support for Bitcoin and other cryptocurrencies on its platform, sparked a small rally but failed to fuel a much-needed breakout above a key resistance level […]
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Tone Vays: Bitcoin Price Won’t Break $10,000 This Year

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Bitcoin’s price will continue trading in a tight range between $6,000 and $10,000 until the rest of the year, believes popular BTC analyst Tone Vays. He also thinks that short-term breaches above $10k are insufficient since the asset heads back down almost immediately. BTC Between $6k And 10K The price of the primary cryptocurrency has […]
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Bitcoin Price Analysis: Will The 2015 Historic Support Line Save BTC From a Crash To $7000 – $8000?

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Only five days ago, the price of Bitcoin touched $9800, followed by another failure to break up the critical descending trend-line (marked yellow on the following daily chart). Since then, the primary cryptocurrency had been correlating with the plunging global markets, and as of writing these lines, Bitcoin is trading slightly above $9000. The Micro […]
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This Is Why Bitcoin and Altcoins are Correlated On The Short Term, Investor Explains

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Bitcoin and alternative cryptocurrencies have become largely correlated over the past couple of years. Whenever there’s a serious move in the price of BTC, altcoins are almost always following the lead. A well-known startup investor and trader, Qiao Wang, took the opportunity to comment on the matter, outlining the reason for this correlation. Why Bitcoin […]
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Chainlink Price Analysis: LINK Gains 8% On The Day But It Might Be a Bull Trap

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Chainlink broke down from a channel after reaching $4.9 during a three-month rally. Against Bitcoin, it started to form a symmetrical triangle pattern after recording a yearly high at 56739 SAT in March. LINK regained momentum with an 8% surge overnight. LINK/USD: Chainlink Dropped Off Shor-Term Channel Key Resistance Levels: $4.25, $4.5, $5 Key Support […]
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EMX Exchange Halts Trading of USOIL-Perp After Crude Oil Crash

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In brief: Everyone was shocked when US Oil prices hit zero and global futures contracts fell hard into negative territory.  Such an event had not been anticipated by the team at the EMX exchange.  The team halted trading of its USOIL-Perp contract.  Trading of the perpetual contract is yet to be reopened as the team decides on a way forward. Yesterday’s price movement of US Crude Oil shocked everyone. The majority of traders were confident that the price of the […] …

Ethereum’s (ETH) Price Holds $168 Support Amidst Historic Oil Dump

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In brief: The price of US Crude oil fell hard to $0 with its futures contracts going as far down as $-40. The once in a lifetime event, shook the crypto markets with Bitcoin (BTC) going back below $7,000. At the time of writing this, the price of Ethereum (ETH) is holding the $168 support zone. Analysts across the world have constantly been calling for a recession but no one was prepared for yesterday’s (April 20th) price action of US […] …