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Category: Bitcoin Price Analysis

Bitcoin, Dogecoin Price Analysis: June 16, 2021

The cryptocurrency market is back in red, with coins posting minor losses across the board. Bitcoin hit a barrier slightly above $41,000, curtailing the bid for gains toward $50,000. Meanwhile, Ethereum failed to break the hurdle at $2,650, settling for the short-term support at $2,500. On the other hand, Ripple is stuck in the range

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Bitcoin Price Analysis: BTC Awaits a Breakout After Month Long Consolidation

Ever since BTC fell nearly 60% from ATH, it has been thrown back & forth awaiting a breakout. Investors continue to get overwhelmed with bullish & bearish news which has created a large amount of indecision throughout the cryptocurrency space. Bulls want to believe the bull market is still underway and bears are calling for

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Bitcoin Price Prediction: BTC holds crucial support while bulls gaze at $42,000

Bitcoin made its way from the week’s support at $31,000. The move was sharp, resembling a V-shaped pattern. Hence, the recovery stalled at $38,000 as bulls retreated to confirm higher support. At the time of writing, the flagship cryptocurrency trades at $36,600 after holding at two key levels. Initially, the 50 Simple Moving Average (SMA)

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Bitcoin Price Analysis: BTC lags a seemingly imminent 35% breakout to $50,000

Bitcoin has not been able to recover to last week’s highest levels, around $39,000. Following the humorous ‘breakup’ tweet from Elon Musk that suggested that he had parted ways with Bitcoin, the price sunk to $35,000. The weekend session has been chiefly sluggish, with the price action unable to gain momentum toward $40,000. The prevailing

The post Bitcoin Price Analysis: BTC lags a seemingly imminent 35% breakout to $50,000 appeared first on Coingape.

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Bitcoin Price Forecast: BTC bleeds after rejection $39,000

This week, Bitcoin price staged another recovery mission, extending the gains from support at $33,000 to highs around $39,000. Investors anticipated a break above $40,000, but the rejection has led to an ongoing retreat. The pioneer cryptocurrency trades at $37,800 while holding dearly to the 100 Simple Moving Average (SMA). It is almost certain that

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Bitcoin Price Prediction: BTC signals freefall to $27,000; here are the levels to watch

Bitcoin is relatively in a no-trade zone at the time of writing. The sideways trading has seen the cryptocurrency dance around $37,000 for several days. Price actions toward $40,000 have diminished, while the immediate support at $36,000 appears vigorously defended. Meanwhile, it is vivid enough to see the formation of a pennant pattern. This is

The post Bitcoin Price Prediction: BTC signals freefall to $27,000; here are the levels to watch appeared first on Coingape.

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Bitcoin price on the brink of nosediving to $30,000 as the SEC reviews two BTC ETF products

Bitcoin’s lock-step trading is becoming more or less mundane. The inability to lift above $40,000 appears to be exhausting buyers. On the other hand, most attention is directed toward defending support at $37,000. Meanwhile, the flagship cryptocurrency trades slightly above $38,000. The primary goal is to support the 50 Simple Moving Average (SMA) on the

The post Bitcoin price on the brink of nosediving to $30,000 as the SEC reviews two BTC ETF products appeared first on Coingape.

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Bitcoin Price Prediction: BTC recovery toward $40,000 begins amidst mounting investor skepticism

Bitcoin approached $30,000 again after failing to confirm last week’s break above $40,000. The weekend session has been another bloodbath in the cryptocurrency market, sparking questions of how far the correction will go and if recovery is at all possible. The flagship cryptocurrency plunged back to $30500 but sustained the position within the relatively sharp

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Bitcoin Price Prediction: BTC wobbles to $40,000, but weak technical levels delay upswing to $50,000

Bitcoin price is pivotal at $40,000, whereby bulls lack the momentum to extend the gains to $50,000 and barricade the downside, eliminating all bearish threats. The 40% recovery from the support at $30,500 fizzled out at $43,000, marking the most formidable technical resistance. Meanwhile, the flagship cryptocurrency trades slightly above $40,000 amid a persistent push

The post Bitcoin Price Prediction: BTC wobbles to $40,000, but weak technical levels delay upswing to $50,000 appeared first on Coingape.

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Bitcoin Price Forecast: Bearish showdown plunges BTC to $35,000, but recovery seems imminent

Bitcoin bears continued with the display of muscle strength on Wednesday, leading to losses under $40,000. The bellwether cryptocurrency plummeted to $35,000 before some semblance of stability returned to the market. The losses were not unique to Bitcoin but affected most crypto assets. Over $500 billion was wiped off the cryptocurrency market led by altcoins

The post Bitcoin Price Forecast: Bearish showdown plunges BTC to $35,000, but recovery seems imminent appeared first on Coingape.

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Bitcoin Price Analysis: Bloodshed as BTC tumbles to $40,000, where to next?

Bitcoin is in more turmoil after losing ground above $45,000 and extending the losses below last week’s formidable support at $42,000. The pioneer cryptocurrency downtrend seems unstoppable from a short-term technical analysis perspective. Therefore, the ‘saving grace’ could be the 200 Simple Moving Average (SMA) on the daily chart. Bitcoin barely holds onto $40,000 Following

The post Bitcoin Price Analysis: Bloodshed as BTC tumbles to $40,000, where to next? appeared first on Coingape.

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Bitcoin Price Forecast: BTC dumps to $42,000, but Tom Lee makes a massive $125,000 prediction

The instability in the cryptocurrency market last week continued throughout the weekend. A brief break above $50,000 was unsustainable, leading to another breakdown. Moreover, support at $46,000 did little to stop the massive losses; hence BTC dived near $42,000, a three-month low. Elon Musk blamed for crashing Bitcoin The founder is Tesla, Elon Musk has

The post Bitcoin Price Forecast: BTC dumps to $42,000, but Tom Lee makes a massive $125,000 prediction appeared first on Coingape.

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Bitcoin price shows weakness at $50,000, but this crucial technical formation could elevate it to $60,000

Bitcoin has since Wednesday stalled under around $50,000. On the downside, immense support between $46,000 and $47,000 has ensured the bearish leg does not stretch further. Meanwhile, BTC has been pivotal at $50,000, unable to make progress above this critical level. Bitcoin’s consolidation could culminate in a massive upswing Since the breakdown on Wednesday, the

The post Bitcoin price shows weakness at $50,000, but this crucial technical formation could elevate it to $60,000 appeared first on Coingape.

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Bitcoin Price Analysis: Tesla’s unforeseen rejection of BTC payments triggers sharp freefall

Tesla, the largest manufacturer of electric vehicles, has announced that it will no longer accept payments in BTC, citing environmental issues related to the high cost of mining and processing Bitcoin transactions. The news was relayed by Elon Musk, the founder and CEO of the company, saying that purchases using the flagship cryptocurrency had been

The post Bitcoin Price Analysis: Tesla’s unforeseen rejection of BTC payments triggers sharp freefall appeared first on Coingape.

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Bitcoin Price Prediction: BTC could revisit $50,000 as the technical picture weakens

Bitcoin has recently closed the gap toward $60,000. However, a monthly high formed at $59,612 cut short the bullish advances. Perhaps due to exhaustion in the bullish camp, a correction came to the picture. The retreat occurred in tandem with other crypto assets like Ethereum’s drop from $4,216 to under $3,800. Meanwhile, the cryptocurrency market

The post Bitcoin Price Prediction: BTC could revisit $50,000 as the technical picture weakens appeared first on Coingape.

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Bitcoin Price Analysis: BTC to reclaim $60,000 as liftoff to $65,000 catches momentum

Bitcoin has over the weekend session brushed shoulders with $60,000. The uptrend occurred alongside crypto assets like Ethereum, which stepped above $4,000 for the first time in history. At the time of writing, the flagship cryptocurrency trades at $59,500 following an ongoing upswing from the support at $56,000. Bitcoin draws nigh to $60,000 Last week

The post Bitcoin Price Analysis: BTC to reclaim $60,000 as liftoff to $65,000 catches momentum appeared first on Coingape.

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Bitcoin Price Analysis: BTC treading on shaky ground as hope for $60,000 diminishes

Bitcoin shot up from support established at $53,000. The approached to $60,000 was gradual but steady. Bulls took down several resistance levels, including the 100 Simple Moving Average (SMA), the 50 SMA, and the 200 SMA. However, an immense seller congestion zone at $58,000 became a hard nut to crack. According to data by CoinGecko,

The post Bitcoin Price Analysis: BTC treading on shaky ground as hope for $60,000 diminishes appeared first on Coingape.

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Bitcoin price support at $56,000 crucial for takeoff beyond $60,000

Bitcoin has gradually and persistently worked on a recovery mission from $53,000. Various barriers were encountered along the path, including the 100 Simple Moving Average (SMA), the 50 SMA on the four-hour chart, and the critical seller congestion zone at $58,000. In the meantime, the largest cryptocurrency dodders at $56,800 as bulls battle to overcome

The post Bitcoin price support at $56,000 crucial for takeoff beyond $60,000 appeared first on Coingape.

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