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Posts published in “Bitcoin Price”

Bitcoin Permabull Brian Kelly Remains As Bullish As Ever

Brian Kelly, CNBC’s foremost crypto analyst, has long been held as a Bitcoin permabull in the eyes of many. His most recent appearance on CNBC only cemented this theme, as Kelly reasoned why the crypto market could head upwards within the next few days. Could the CBoE’s Bitcoin Futures Expiry Push Prices Upwards? Brian Kelly Thinks So On Tuesday, the...

The post Bitcoin Permabull Brian Kelly Remains As Bullish As Ever appeared first on NewsBTC.

Xapo Chairman Optimistic: Lower Bitcoin Price Means Better Opportunity to Buy it

Ted Rogers, the chairman of Xapo, a popular Bitcoin wallet and vault operator, has said that the lower price range of Bitcoin presents a better opportunity to purchase the digital asset. In a recent statement, Rogers said: “We could be in the midst of the extinction-level event for ‘cryptoassets’ that many maximalists have predicted. 90%+...

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Did Tether Trigger a Short Squeeze or a Dead Cat Bounce? (Bitcoin Price Analysis)

This time yesterday it appeared that all was lost, as Bitcoin price slipped within $100 of the current 2018 low. Then something unexpected occurred. Perhaps shorts got squeezed out of their loftily precarious positions or was it Tether’s newly minted $130 million USDT that saved the day? Bitcoin Price Market Overview Bitcoin  spent the better part of the day fighting off bears and the cryptocurrency managed to post an impressive 10% gain as it briefly

The post Did Tether Trigger a Short Squeeze or a Dead Cat Bounce? (Bitcoin Price Analysis) appeared first on Bitcoinist.com.

Bitcoin Price Watch: What Does BTC/USD’s Failure Near $6,600 Indicate?

Key Points Bitcoin price jumped above the $6,400 and $6,550 resistance levels, but failed to hold gains against the US Dollar. There is a major bullish trend line in place with support at $6,240 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair clearly made a failed attempt to break...

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Bitcoin (BTC) Price Watch: Trend Line Break and Correction

Bitcoin Price Key Highlights Bitcoin price recently broke above a short-term descending trend line as an early reversal signal. Price reached the $6,650 level then made a pullback to the broken resistance, which lines up with the Fibs. Technical indicators also suggest a continuation of the reversal. Bitcoin price broke above its descending trend line...

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Jim Cramer Who Said ‘Bears Sterns is Fine’ Thinks ‘Sun is Setting’ on Bitcoin

Former hedge fund manager Jim Cramer believes Bitcoin is most likely dead. Cramer’s pronouncement comes at a difficult period for Bitcoin and the cryptocurrency market. The top-ranked virtual currency has flirted with the $6,000 mark, dropping below that price level several times in the past few days. ‘The Tide Has Turned’ Speaking during his show on Tuesday, the CNBC host said: I think the tide has turned against it. I’m not saying its time has

The post Jim Cramer Who Said ‘Bears Sterns is Fine’ Thinks ‘Sun is Setting’ on Bitcoin appeared first on Bitcoinist.com.

Bitcoin Price Watch: BTC/USD’s Rebound Above $6,350 is Real?

Key Points Bitcoin price recovered nicely after trading as low as $5,894 and moved above $6,200 against the US Dollar. There is a new connecting bullish trend line forming with support at $6,180 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could revisit the $6,550 resistance zone as long...

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Bitcoin (BTC) Price Watch: Bullish Divergence Spotted

Bitcoin Price Key Highlights Bitcoin price is still hovering above the long-term support around the $6,000 area. A bullish divergence can be seen, suggesting that a bounce may be in order. Moving averages, however, still indicate that more losses are in the cards. Bitcoin price is still testing the long-term floor, and a bullish divergence...

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Mad Money Host Jim Cramer Argues That the Tide is Turning Against Bitcoin

Jim Cramer, host of CNBC’s Mad Money, argued that Bitcoin may have reached its peak. His comments come as the cryptocurrency market dropped below $200 billion in value, with Bitcoin struggling with the $6,000 mark. In June 2018, the former hedge fund manager said the leading virtual currency could eventually be worth $1 million one...

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Bitcoin Price LIVE: Mounting Bitcoin Shorts Precarious for the Bears

Bullish Bitcoin Signals Suggesting Bears Nearing Point of Exhaustion

Bearish Sentiment as derived from Bitfinex long and short position data in the Bitcoin market has rapidly advanced in the past week two weeks, with Short positions at the exchange doubling from 17k short to 34k in the price decline from $7,500 to $5,900, showing no immediate sign of slowing. At the same time, long positions have decreased to lows of 26k, meaning that the bears are outweighing the bulls by 30%. Bears Need New

The post Bitcoin Price LIVE: Mounting Bitcoin Shorts Precarious for the Bears appeared first on Bitcoinist.com.

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