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Bitcoin dips under $60,000 — What’s pulling down BTC price?

The price of Bitcoin suddenly dropped below $60,000 days after the Coinbase public listing. The price of Bitcoin (BTC) declined below $60,000 on April 17 after a strong rally throughout the past week in anticipation of the Coinbase public listing on Nasdaq. However, after the COIN listing, which is the ticker of the Coinbase stock, the cryptocurrency market started to correct. BTC/USDT 1-day price chart (Binance). Source: TradingView.comAn expected Bitcoin sell-the-news drop Coinbase's public listing brought significant attention to the cryptocurrency market. It marked the first public listing of a major cryptocurrency exchange, leading to high institutional demand. As a…

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Bitcoin’s Price Stays Still In The Weeks After The Massive Crash

Bitcoin’s price stays still in the following weeks after the most recent crash and the rest of the DeFi coins are booming as well. In our latest Bitcoin news, we can see that the price of the number one cryptocurrency is doing well after the crash. At just a level of $10,468, the price of BTC is well above the $10,000 level for the fifth day in a row according to the data analytics center Messari. The traders are still remaining patient after the Bitcoin’s price jumped off a cliff and gained confidence at the start of the month. It…

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Bitcoin Price Analysis: BTC/USD Hunting For Explosive Breakout, Is $11,200 The Rendezvous?

Bitcoin price recovers slightly from a setback to $10,250 support; more upside expected in the near term. If Bitcoin flips the 50 SMA into support; a symmetrical triangle breakout could propel it to $11,200. Bitcoin price continues to trade in consolidation between the support at $10,000 and the resistance at $10,400. Following the initial breakdown under $10,000, the flagship cryptocurrency has explored lows at $10,400. However, recovery has only made it above $10,400 ones while the resistance at $10,500 has never been broken. On Thursday, Bitcoin came close enough to break the resistance at $10,400 but the seller congestion gave…

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 Bitcoin Technical Analysis: BTC Blasts Through Triangle Resistance, All Eyes On $10,800

Bitcoin bulls are working hard to nurture momentum above $10,300. BTC/USD is focused on climbing above $10,400 resistance and grinding to $10,800 after triangle breakout. Following Bitcoin price breakdown from levels marginally above $12,000, the flagship cryptocurrency has been stuck below $10,400. On the downside, $10,000 is mostly strong support but there are occasions where Bitcoin has dipped to lower levels as far as $9,800. At the time of writing, BTC is doddering at $10,304 after a subtle 0.75% growth in its value on Wednesday, September 10, 2020. BTC/USD 1-hour chart Read more BTC/USD price chart by Tradingview Meanwhile, the…

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Bitcoin Price Prediction: BTC Holds In A Range, Is It Time To Buy The Dip?

Bitcoin price breakouts from a minor short term double-bottom pattern but fails to rise above $10,400 resistance. Bitcoin could be on its way to $12,000 as long as the range resistance at $10,600 is broken. Bitcoin price has been trading in a narrow range between the recently established support at $9,900 and the resistance at $10,600. The drab trading is taking place after last week’s sharp plunge from highs above $12,000. The losses were not unique to the flagship cryptocurrency because both major and minor cryptoassets lost key positions and explored lower levels. BTC/USD 1-hour chart Read more BTC/USD price…

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Peter Schiff Admitted He Was Wrong About Bitcoin: Report

Peter Schiff admitted he was wrong about Bitcoin but the gold bug still believes BTC’s drop to $10K predicts a bear market ahead. In our Bitcoin news today, we are reading more about his current stance on the number one cryptocurrency. The popular gold bug Peter Schiff admitted he was wrong about bitcoin after the spoke out against it for many years. He now believes that there’s some flaw in his predictions after acknowledging the coin didn’t collapse when the gold increased to a new all-time high last month. In a twitter conversation with Tyler Winklevoss, Schiff discussed with the…

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Cryptojacking Attempts Increased In Q2 As BTC Price Increases

Cryptojacking attempts surged in the second quarter of the year as the prices of bitcoin and Monero increased since the start of the year as we are reading more in our cryptocurrency news today. The number of cryptojacking attempts has jumped as well in the second quarter of the year and the reports indicated that the proof of work-based crypto assets such as Bitcoin and Monero was increasing in value this year, as the cryptojacking cases across the world surged after a year of continues decline. The term cryptojacking refers to when a person that is unauthorized gains access to…

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Bitcoin’s Move Below $10,000 Could Initiate Medium-Term Downtrend

Bitcoin’s move below the $10,000 could start a medium-term downtrend as the price declined by 15% in the past few days and tested the $10,000 against the US dollar. In our bitcoin news today, we are reading more about the price analysis. Bitcoin is trading below the main $10,800 price level and $10,500 support levels as the price even spiked below $10,000 and settled below the 100 simple moving average. There’s also a steep bearish trend line forming close to the resistance of $10,250 on the 4-hour charts of the pair. The pair could start a recovery wave above $10,250…

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Bloodshed As Bitcoin Price Plummets Below $10,000

Bitcoin price extends the bearish leg to areas marginally below $10,000 after numerous trials to sustain gains past $12,000. Bitcoin price path of least resistance is now upwards following oversold conditions; support above $10,300 is essential. The leading cryptocurrency gave in to the apparent selling pressure in the market. However, this time, the fall was nothing compared to what we have in in the last two months. From highs marginally above $12,000, Bitcoin initially found a pit stop at $11,100 (a popular support area in August). Recovery was immediate but the flagship cryptocurrency failed to break above $11,500. The impact…

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Bitcoin Price Analysis: BTC/USD Slump Under $11,000 Seems Inevitable

Bitcoin loses ground from $12,000 to retest support at $11,100. A recovery pulled above $11,400 but BTC is not out of danger yet, especially if the price slides below the Ichimoku cloud. Bitcoin price has explored lows towards $11,000 once again. The largest cryptocurrency embarked on a support smashing exercise after failing to hold above $12,000 following a significant breakout on Monday. Bearish control is widespread across the market with other major digital assets like Ethereum and Ripple posting similar losses. At the time of writing, Bitcoin has recovered above $11,400. If bulls increase their entries, they might create more…

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Cryptocurrency Weekly Price Analysis: BITCOIN

27th Aug 2020 Bitcoin is undergoing a gradual fall over the past week after the asset traded at a $12,480 high crossing the yearly $12,000 resistance, earlier this month. Since then, the asset can be seen stepping above $11,500 struggling to reach $12,000 resistance again while hitting a weekly high of $11,892, $11,834 and $11,769. Experts believe, if the largest crypto asset failed to hold above $11,000 mark might see a high fall till the next $10,500 support to continue it’s bullish run again. By the time of writing , Bitcoin is trading at $11,384 a sign against the bulls.…

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Bitcoin Price Forecast: Is This BTC/USD Ultimate Ticket To $12,000?

Bitcoin falls back to $11,300 but creates fresh demand for the ultimate lift-off to $12,000. BTC/USD is battling the seller congestion at the 50 SMA ahead of another breakout above a descending trendline resistance. Bitcoin slumped towards $11,000 once again as predicted on Thursday. The dive back to the drawing board occurred following BTC’s failure to contain accrued gains above $11,500. The reversal failed to find support at $11,400, forcing Bitcoin farther down. The price retested support at $11,100, in turn, forming a double-top pattern. A double-top pattern is a typical textbook trading pattern used in technical analysis to signal…

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Bitcoin Price Analysis: BTC/USD Stalls Under The 50% Fibonacci Levels, What To Expect?

Bitcoin price embraces support at $11,400 following a rejection from levels slightly above $11,500. BTC/USD is likely to dive back to $11,000 in a bid to gather the strength for the much-awaited breakout to $12,000. Bitcoin price is hovering below $11,500 following another failed attempt at sustaining gains above $11,500. However, it is impressive that the largest cryptocurrency is holding above $11,400 following the recent slump that tested $11,100. BTC/USD immediate upside is limited by the 50 Fibonacci retracement level taken between the last swing high of $12,488 to a swing low of $10,542. Also standing in the way of…

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Bitcoin Technical Analysis: BTC/USD Plummets To $11,100, Is This The End Of The Rally?

Bitcoin price free-falls below several support areas in a bid to create fresh demand at a lower price level. Recovery will remain mundane in the current Asian session and probably the European session according to technical levels. Bitcoin plunged to refresh levels towards $11,000 as expected. The largest cryptocurrency has since the week started targeted levels above $12,000. However, buyers have been willing but unfortunately failed to gather the right amount of volume to sustain gains. On the other hand, bears were bound to gain traction, forcing Bitcoin below critical support areas like $11,600 and $11,400. The largest cryptocurrency explored…

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Bitcoin Price Forecast: Why BTC/USD Is Stalling Despite Reclaiming $11,600 Support?

Bitcoin bulls are having a hard time building upon the ascending channel support. BTC/USD is holding above the 50 SMA support amid the bulls’ desire to keep the price above $11,600. Bitcoin continues to struggle with reclaiming the lost ground above $12,000. In fact, the weekend session saw the bearish dominance strengthen, sending BTC towards $11,000. Support at $10,500 failed to hold just like the support at $11,400. Bitcoin traded a weekly low at $11,369.82 (on Coinbase). Recovery has occurred above $11,600, however, BTC bulls are having a hard time building the momentum towards $12,000. Most analysts believed with the…

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Bitcoin Price Prediction: BTC/USD Leg Up Eyes $13,000 For The Weekend But There Is A Catch

Bitcoin price leg-down trades $11,567 level before recovery slightly to the 50% Fibonacci level. Bitcoin bulls could create more volume at a lower price level close to $11,000 in order to rise to $13,000 over the weekend. Bitcoin price once again is stuck under $12,000. This comes after a sharp declines on Wednesday that saw Bitcoin spiral massively from levels above $12,200. Before that, BTC had advanced higher to test the key level at $12,500. The lower leg tested price level at $11,567 but Bitcoin bulls fully embraced support formed by the 38.2% Fibonacci retracement taken between the last swing…

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Bitcoin Price Forecast: BTC/USD Tumbles Under $12,000 As Selling Pressure Builds, Is $11,500 The Next Target?

Bitcoin price rejection from $12,492 tumbles freely to test support at $11,800. BTC/USD is held in position by the 100 SMA; existing buying pressure is not enough to contain the price above $12,000. Bitcoin price is struggling to find higher support within the $11,000’s range following a rejection at August new high around $12,492. The sharp drop was fueled by the dip below the most tentative support at $12,200. The next support target at $12,000 failed to rise to the occasion, instead, allowing the largest cryptocurrency to extend the bearish leg to $11,800. At the time of writing, BTC/USD bulls…

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Bitcoin Notable Breakout Leads Coin Under $12,000: Price Analysis

A Bitcoin notable breakout was responsible for the asset hitting below $12,000 despite the coin surging from the $11,800 baseline in a few hours. The move brought BTC above the main $12,000 region which acted as resistance over three rallies in the past two weeks so let’s read more about the analysis in our latest bitcoin news. Bitcoin is going lower as the bears initiated a strong sell-off. Over the past hour, the asset dropped from $12,240 to a low of $11,920. Bitcoin now trades at $12,040 as of the time of writing with buyers stepping in to hold the…

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Bitcoin Price Analysis: BTC/USD Majestically Propelled Above $12k, Is $13,000 Within Reach?

Bitcoin bulls take down the resistance at $12,084 and $12,145 to trade a new yearly high at $12,492. BTC/USD slowed down price action suggests that consolidation will follow ahead of a breakout to $13,000. Bitcoin finally made the last stroke above $12,000 on Monday ascending to a new yearly high at $12,492 (on Coinbase). The majestic price action comes after BTC/USD stalled under $12,000 for more than two weeks. Moreover, the crypto has explored the levels above $12,000 twice in August but both times, the trend culminated in losses into the $11,000’s range. The losses refreshed levels closer to $11,000…

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Bitcoin Technical Analysis: BTC/USD Unable To Break $12k Resistance But PlanB Believes $20,000 Is Nigh

Bitcoin bulls rush to secure the tentative support at $11,800 following another rejection from $12,000. Plan B believes Bitcoin’s next bullish target is 2017’s all-time high. Bitcoin price action has been mundane mainly because it was not been able to overcome the seller congestions at $12,000. There was a brief recovery over the weekend supported by the support established at the 61.8% Fibonacci retracement level taken between the last swing high of $12,084 to a swing low of $11,120. While the momentum stepped above $11,900, Bitcoin traded a weekend high of $11,945 before embarking on the ongoing retreat. At the…

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