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Category: Bitcoin Price Analysis

Bitcoin, Cardano Price Analysis: September 21, 2021

Bitcoin retests $40,000 support while recovery above $42,000 seems shaky. Cardano holds marginally above $2, but a breakdown to $1.5 still lingers. The cryptocurrency market value is back under $2 trillion and precisely holding at $1.97 trillion following a selloff that has persisted since Sunday. Bitcoin has explored levels close to $40,000 after hitting highs

The post Bitcoin, Cardano Price Analysis: September 21, 2021 appeared first on Coingape.

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Bitcoin Price Prediction: BTC Plummets To $45,000 As Liquidations Soar To $312 Million In An Hour

Bitcoin trims almost all the gains accrued last week as it tests support at $45,000. Long positions liquidations soar to $312 million while Bybit accounts for more than half. Bitcoin and cryptocurrencies suffered yet another blow on Monday during the Asian session. The massive drop of more than 5% in the crypto total market capitalization

The post Bitcoin Price Prediction: BTC Plummets To $45,000 As Liquidations Soar To $312 Million In An Hour appeared first on Coingape.

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Bitcoin Price Prediction: BTC Upside Potential Limited But Remains Fundamentally Strong To Hit $50,000

Bitcoin price holds above robust support despite $48,000 seller congestion zone thwarting bullish efforts. A spike in on-chain levels throughout the week shows that Bitcoin is fundamentally ready to hit higher levels. Bitcoin bulls targeted closing the gap to $50,000 before this week came to an end. However, price action appears to have been limited

The post Bitcoin Price Prediction: BTC Upside Potential Limited But Remains Fundamentally Strong To Hit $50,000 appeared first on Coingape.

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Bitcoin Price Forecast: BTC Upside Remains Highly Vulnerable At $47,000

Bitcoin price bounced off a weekly low at $43,437, but upside potential above $45,000 is shaky. A short-term descending parallel channel contributes to the rising overhead pressure. Following a massive crash last week, Bitcoin extended the bearish leg below $46,000 on Monday, whereby a low was traded at $43,437 (data by Coinbase). Shortly after, a

The post Bitcoin Price Forecast: BTC Upside Remains Highly Vulnerable At $47,000 appeared first on Coingape.

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Bitcoin Price Forecast: BTC Rup-up To $50,000 Short-Lived, Addresses Interacting On The Network Hit 1 million

Bitcoin price slips under $50,000, following a temporary jump above $50,000. An increased network activity could keep Bitcoin on an upward roll in the coming sessions or days. Bitcoin’s temporary step above $50,000 excited the entire market, with a breath of fresh air sweeping across. Most altcoins that had been dormant for nearly two weeks

The post Bitcoin Price Forecast: BTC Rup-up To $50,000 Short-Lived, Addresses Interacting On The Network Hit 1 million appeared first on Coingape.

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Bitcoin, Ripple Price Analysis: September 2, 2021

Bitcoin knocks at $50,000 after a lock-step trading from the key 200-day Support around $46,000. XRP makes its way to $1.25 while the Ripple vs. SEC lawsuit drags on the US court. Most cryptocurrencies appear to have been triggered following a few days of mundane price action, especially Bitcoin. All the top ten crypto assets

The post Bitcoin, Ripple Price Analysis: September 2, 2021 appeared first on Coingape.

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Bitcoin Price Analysis: BTC Bulls Show Utmost Resilience Above $46,000 While Eyeing Liftoff To $50,000

Since the rejection from $50,648, buyers kept Bitcoin price above the 100-day SMA near $46,000. On-chain data by Glassnode reveals increased on-chain demand accumulation as investors eye another liftoff above $50,000. Bitcoin has remained lethargic in its trading since last week. The rejection from $50,548 left investors dejected because their expectation was for BTC to

The post Bitcoin Price Analysis: BTC Bulls Show Utmost Resilience Above $46,000 While Eyeing Liftoff To $50,000 appeared first on Coingape.

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Bitcoin Price Prediction: BTC Expects Volatility After Largest Exchange Inflow Since June 2019

Bitcoin price managed to hold above $46,000, supported by the 200-day SMA. The bellwether cryptocurrency is headed for high volatility following 1.68 million BTC exchange inflow, the largest since June 19, 2019. Bitcoin is about to step above $47,000 after the declines that dominated this week’s trading embraced crucial support. The flagship cryptocurrency had pulled

The post Bitcoin Price Prediction: BTC Expects Volatility After Largest Exchange Inflow Since June 2019 appeared first on Coingape.

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Bitcoin, Dogecoin Price Analysis: August 26, 2021

Bitcoin is staring at an 18% pullback following the formation of a rising wedge pattern. Dogecoin depends on the 100-day SMA to keep declines at bay and perhaps resume the uptrend above $0.3. Cryptocurrencies ran out of steam following the weekend session’s accrued gains. Most assets consolidated the gains on Monday, but headwinds increased intensity

The post Bitcoin, Dogecoin Price Analysis: August 26, 2021 appeared first on Coingape.

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Bitcoin Price Analysis: BTC Bulls Put Up A Ferociously Fight, Avoiding Further Losses

Bitcoin briefly slipped under $48,000, but bulls reacted immediately, pulling the price higher. The transaction history model reveals that BTC sits on robust support areas, crediting the recovery. The MACD has a minor bearish impulse that may keep bulls from accomplishing their goals above $50,000 in the near term. Bitcoin price eventually slipped under $50,000

The post Bitcoin Price Analysis: BTC Bulls Put Up A Ferociously Fight, Avoiding Further Losses appeared first on Coingape.

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Bitcoin Price Forecast: BTC Taps $50,000 For The First Time Since May Amid Extreme Greed

Bitcoin lifts above $50,000 since May while bulls shift attention to $60,000. BTC’s technical picture remains bullish, suggesting that this is a bull cycle. Bitcoin price continues with the recovery from $44,000 during the weekend session. As expected, settling above $48,000 triggered more gains as buyers looked forward to trading past $50,000. At the time

The post Bitcoin Price Forecast: BTC Taps $50,000 For The First Time Since May Amid Extreme Greed appeared first on Coingape.

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Bitcoin Price Renews Bid For $50,000 After Nearly $5 Billion Exchange Outflows

Bitcoin price regains ground above $47,000 after testing $44,000 crucial support mid-week. Roughly 111,000 BTC withdrawn from known exchange wallets, creating a perfect environment for Bitcoin to swing higher. Bitcoin has scared investors this week as it descended to $44,000. Earlier, the flagship cryptocurrency bounced off support at $45,000 and closed the gap to $48,000.

The post Bitcoin Price Renews Bid For $50,000 After Nearly $5 Billion Exchange Outflows appeared first on Coingape.

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Bitcoin, Dogecoin Price Analysis: August 17, 2021

Bitcoin price slides to test support at $44,000 after it became challenging to sustain the uptrend to $48,000. Dogecoin slips under as short-term technical indicator flip bearish; more declines cloud follow. The cryptocurrency keeps faltering following the impressive gains over the weekend and on Monday. According to the live price data by CoinGecko, the total

The post Bitcoin, Dogecoin Price Analysis: August 17, 2021 appeared first on Coingape.

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Bitcoin Price Prediction: BTC Rally Takes A Hiatus At $46,000 Ahead Of Upswing To $55,000

Bitcoin price slows down the new parabolic recovery slightly above $55,000. The 200-day SMA provides Bitcoin with the much-needed support to prevent a correction from wiping the gains to $40,000. Bitcoin seems to have started another bull cycle following a lengthy battle in June and July to break the barrier at $40,000. Following the selloff

The post Bitcoin Price Prediction: BTC Rally Takes A Hiatus At $46,000 Ahead Of Upswing To $55,000 appeared first on Coingape.

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Bitcoin, Dogecoin Price Analysis: August 9, 2021

Bitcoin rallies to $45,000 but slows down the uptrend before regaining strength for an upswing to $50,000. Dogecoin price hit a two-month high of $0.284 but corrected to confirm support at $0.23. The weekend was kind to cryptocurrency holders, with some cryptocurrencies hitting three-month highs. Ethereum rose to $3,200 for the first time since May,

The post Bitcoin, Dogecoin Price Analysis: August 9, 2021 appeared first on Coingape.

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Bitcoin Price Prediction: BTC Poised For Another 8% Drop, Time To Sell?

Bitcoin price barely holds above $38,000 short-term support as losses linger toward $35,000. The MACD on the four-hour chart has a vivid bearish signal, implying that the slightest resistance path is downward. Only a break above $40,000 will ensure market stability as bulls look toward the ultimate liftoff past $50,000. Bitcoin price has lost several

The post Bitcoin Price Prediction: BTC Poised For Another 8% Drop, Time To Sell? appeared first on Coingape.

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Bitcoin, Dogecoin Price Analysis: August 3, 2021

Bitcoin price rally fizzled out slightly above $42,000 amid concerns of crypto tax in the US. Dogecoin price risks another dive to $0.16 following the ongoing consolidation. Cryptocurrencies are grappling with increased overhead pressure, making it difficult for bulls to sustain the winning streak recorded in the past couple of weeks. Initially, Bitcoin pulled the

The post Bitcoin, Dogecoin Price Analysis: August 3, 2021 appeared first on Coingape.

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Bitcoin, Cardano Price Analysis: August 2, 2021

Bitcoin price correction from $42,000 underway, with losses eying $38,000 and $36,000. Cardano looks bullish after holding above the 50 SMA. The new week seems to have commenced on a bearish note, with cryptocurrencies posting considerable single-digit losses. Bitcoin price had lifted above $42,000 over the weekend, but the uptrend was short-lived. At the time

The post Bitcoin, Cardano Price Analysis: August 2, 2021 appeared first on Coingape.

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Bitcoin Price Prediction: BTC Bullish Outlook Steadies Above $40,000 As PayPal Launches Crypto Exchange In The UK

A daily close above $40,000 could see Bitcoin nurture a key uptrend to $50,000. PayPal to debut a crypto exchange platform in the UK as the market turns green. Bitcoin must target a break above the 100 SMA in the short term to validate the impending upswing. Bitcoin price has remained pivotal at $40,000 for

The post Bitcoin Price Prediction: BTC Bullish Outlook Steadies Above $40,000 As PayPal Launches Crypto Exchange In The UK appeared first on Coingape.

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Bitcoin Price Prediction: BTC Breaks Above $40,000, Prepares To Launch To $44,000

Bitcoin price is on the verge of breaking out to $44,000 if the 200 SMA resistance shatters. BTC erases the Amazon-triggered losses to trade around $40,000. Bitcoin price remarkably bounced back following a correction on Tuesday. The retreat from $40,000 to $36,000 occurred barely 24 hours after the bellwether cryptocurrency had rallied from levels around

The post Bitcoin Price Prediction: BTC Breaks Above $40,000, Prepares To Launch To $44,000 appeared first on Coingape.

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