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Posts published in “Bitcoin Price”

4 Reasons for Bitcoin’s Price Volatility

It goes without saying that the Bitcoin price index has been on a rollercoaster ride, especially in Q4 2017 and Q1 2018. Why such extreme volatility? Here are four possible culprits contributing to the wild price swings. At this time last year, Bitcoin was trading at a price slightly higher than $2,000, according to CoinMarketCap. By the end of 2017, it had reached its all-time high (ATH) of around $20,000 and a market cap of

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Bitcoin Price Watch: Can BTC/USD Hold 100 SMA?

Key Points Bitcoin price formed a short-term top near $8,600 and started a downside move against the US Dollar. There was a break below a key bullish trend line with support at $8,370 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must hold the $8,240 support and the 100...

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Bitcoin (BTC) Price Watch: Bears Might Not Be Done Yet

Bitcoin Price Key Highlights Bitcoin price has rallied in the past few hours but also hit resistance on its channel. If this continues to keep gains in check, bitcoin could still resume the selloff to the support areas marked. Using the Fib extension tool shows the potential downside targets in the short-term. Bitcoin price might...

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Waiting Game: Bulls Need More Time Before Bitcoin Price Explodes

The bitcoin price continues holding in a lateral market while bullish consensus increases. Based on the charts, we may have to endure this sideways activity for a little while before the bulls take over. Also read: Bitcoin Points Beyond Capitalism and Communism, Says Peter Rizun Join the Bitsonline Telegram channel to get the latest Bitcoin, cryptocurrency, and tech …

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Bitcoin Price Watch: BTC/USD’s Bullish Scenario

Key Points Bitcoin price moved higher and broke the $8,300 resistance level against the US Dollar. There is a significant ascending channel formed with support at $8,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to accelerate gains above $8,650 if it continues to follow the ascending...

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Bitcoin (BTC) Price Watch: Support Holding, Bullish Pattern Forming

Bitcoin Price Key Highlights Bitcoin price looks tired from its selloff as it starts to show bullish moves. Applying the Fibonacci extension tool on this potential bounce shows the next upside targets. Technical indicators are still suggesting that sellers have the upper hand. Bitcoin price seems to be done with its correction and ready for...

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Cryptocurrency Market Dropped $52 Billion in Blockchain Week, Factors and Trends

Blockchain Week New York City aka Consensus 2018 was highly anticipated within the cryptocurrency ecosystem with many analysts expecting the event to trigger a new bullish momentum for Bitcoin and altcoins. The market, however, managed to lose $52 billion during the week of the conference. Consensus 2018 Turned Out to be a Dud for Bitcoin...

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Warren Buffett Gets Trolled by Crypto Miner for His Negative Bitcoin Comments

It is safe to say that Warren Buffett is not beloved within the cryptocurrency community. The billionaire investor has consistently espoused the rhetoric that Bitcoin has no value. Recently, a crypto miner has taken to publicly calling out the Berkshire Hathaway chief for his negative comments. Warren Buffett Doesn’t Know It All As far as Genesis Mining co-founder Marco Krohn is concerned, Warren Buffett is not an authority on Bitcoin. In fact, he doesn’t even

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Bitcoin Price Weekly Analysis: BTC/USD Testing Crucial Resistance

Key Points Bitcoin price stayed above the $8,000 support level and recovered against the US Dollar. There is a monster bearish trend line forming with resistance at $8,300 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair has to move above the trend line and settle above $8,300-8,400 for more...

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There’s no ‘Consensus’ Concerning the Direction of Bitcoin Price

Thomas Lee’s predicted post Consensus Bitcoin pop never happened. In fact, the market reversed and is now trading at a monthly low! As usual, investors are wondering where the market will go from here. Market Overview Contrary to popular expectation, Bitcoin failed to rally 69 – 130% after the Consensus conference in New York ended this week. In fact, it pulled back nearly 5% as the cryptocurrency market capitalization sank to $389 billion and it

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