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Posts published in “bitcoin trading”

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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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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Bitcoin (BTC) Price Watch: Another Day, Another Breakdown

Bitcoin Price Key Highlights Bitcoin price has broken below a short-term consolidation pattern and is setting its sights on the next floor. Price is still trading inside its descending channel and might be due to test the bottom around $5,600 soon. Technical indicators continue to reflect the presence of selling pressure but there are also...

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Does 50% Decline in the Turkish Lira Prove Bitcoin is Better Than Fiat?

The Turkish lira has fallen by 50 percent since September 2017, from $0.3 USD to $0.15 USD. While Bitcoin has fallen more than the lira in the past 12 months, investors of Bitcoin still are capable to withdraw and cash out their investments in crypto. Strict Capital Controls Currently, the price of the Turkish lira against...

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Bitcoin (BTC) Price Watch: Still Waiting for Directional Clues

Bitcoin Price Key Highlights Bitcoin price is trending below a short-term descending trend line as it hovers at the long-term floor. Traders are likely waiting for the next catalysts to decide which direction the breakout could take. Technical indicators appear to be suggesting a slowdown in bullish momentum soon. Bitcoin price is still trending lower...

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Crypto Market Crumbles To New Year-To-Date Lows, Where Does it go Next?

On Thursday, investors awoke to a promising sight — a $300 candle that brought Bitcoin’s price off a $6,150 low — so some thought that the worse for over for the market. But, as some investors were lured into a false sense of security, the market fell even further to establish new year-to-date lows. There’s...

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Bitcoin Eclipses 50% Crypto Market Dominance For First Time Since December

Bitcoin has long been at the forefront of the crypto industry; and it seems with the market’s most recent move downwards, Bitcoin’s dominance over the rest of the market may continue, or at least for a little while longer. Bitcoin Dominance Surges Amidst Crypto Downtrend The crypto market dropped by a collective 7% in the...

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Bitcoin (BTC) Price Watch: Downtrend Continuation or Reversal?

Bitcoin Price Key Highlights Bitcoin price continues to trend lower as it hit a roadblock at the top of its descending channel. Price could be setting its sights back on the support from here and the Fib extension tool shows the next support zones. Technical indicators also signal that a continuation of the selloff is...

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Bitcoin (BTC) Price Watch: Can More Bears Join In?

Bitcoin Price Key Highlights Bitcoin price is still heading lower as it trades below a descending trend line on the 1-hour chart. Price looks prime for a pullback as it hovers above the $6,100 area, and bears might be waiting at the trend line. Applying the Fibonacci retracement tool also shows where sellers might jump...

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Bitcoin (BTC) Price Watch: Aiming for Wedge Bottom?

Bitcoin Price Key Highlights Bitcoin price is on another day of declines, possibly setting its sights on longer-term support zones. Price has already closed below the 50 SMA to reflect a pickup in selling pressure. The next downside target might be the yearly lows or the bottom of the falling wedge on the daily chart....

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