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Cryptocurrencies

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Technical Analysis – BTCUSD retreats after unsuccessful test of 50-SMA

Posted on May 9, 2024 at 11:43 am GMT

BTCUSD drops after failing to claim 50-day SMA The price extends its series of lower highs and lows Momentum indicators are tilted to the downside BTCUSD (Bitcoin) had been in a slow but steady recovery since its bounce off the two-month bottom of 56,483. However, the rebound faltered and the price reversed back lower following its second unsuccessful attempt to conquer the 50-day simple moving average (SMA). Should Bitcoin extend its pullback, the March-April support of 59,400 might curb initial downside attempts. [..]

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Bitcoin licks wounds as Fed comes on the rescue – Crypto News

Posted on May 3, 2024 at 12:05 pm GMT

Bitcoin posts 2-month low on expectations of slower rate cuts But cryptos breathe a sigh of relief after dovish Fed meeting The launch of Hong Kong listed spot ETFs disappoints   Bitcoin gains but lacks bullish long-term catalysts The king of cryptos has come under selling pressures lately, especially following the successful completion of the fourth halving event on April 19. As both the launch of spot-Bitcoin ETFs and halving event are now behind us, it seems that there is nothing positive left [..]

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Bitcoin slips as markets pare back Fed rate cuts – Crypto News

Posted on April 26, 2024 at 11:47 am GMT

Halving proves to be a non-event for Bitcoin Expectations of fewer rate cuts weigh on cryptos Hong Kong ETFs might improve demand outlook   Successful halving but no fireworks Last week, the much-anticipated halving event took place but as most had expected the market reaction was relatively muted. In a nutshell, it seems that the post-halving boost had already been baked in the price, given Bitcoin’s exponential rally from around $15,000 to fresh all-time highs within less than two years. [..]

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Technical Analysis – BTCUSD retreats after unsuccessful test of 50-SMA

Posted on April 25, 2024 at 1:47 pm GMT

BTCUSD regains ground in the halving aftermath But the price gets rejected at the 50-day SMA Momentum indicators are tilted to the downside BTCUSD (Bitcoin) had been in a slow but steady recovery after the completion of the halving event on April 19, erasing a significant part of its recent slump. However, the rebound appears to be on pause for now following the price’s inability to conquer the 50-day simple moving average (SMA). Should Bitcoin reverse lower, the March support of 62,500 [..]

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Bitcoin slides ahead of halving event – Crypto News

Posted on April 18, 2024 at 2:48 pm GMT

Bitcoin drops to its lowest in six weeks, a tad below $60,000 Geopolitical tensions and slower rate cuts weigh on cryptos Focus shifts on halving event expected between April 19 and 20   Bitcoin dips as market turn risk-off This has been a harsh week for Bitcoin, which has not yet been able to find traction after posting its biggest intraday loss since March 2023 in the aftermath of the Iranian missile attack against Israel. Besides geopolitical concerns, the repricing around [..]

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Technical Analysis – BTCUSD drops to 6-week low as halving looms

Posted on April 18, 2024 at 10:03 am GMT

BTCUSD falls temporarily below 60,000 ahead of halving Momentum indicators point to intensifying downside pressures BTCUSD (Bitcoin) experienced a strong pullback following the formation of a triple top pattern, sliding below its 50-day simple moving average (SMA). Meanwhile, the price dropped to a fresh six-week low a tad beneath the 60,000 psychological mark, just a couple of days ahead of the crucial halving event. Given that the momentum indicators are heavily tilted to the downside, Bitcoin could revisit its March bottom of 59,313. In case [..]

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Bitcoin holds above $70,000 as halving event looms – Crypto News

Posted on April 12, 2024 at 11:08 am GMT

Bitcoin trades sideways after posting 3-week high on Monday Cryptos seem resilient to expectations of fewer rate cuts Spot Bitcoin ETFs could soon get approval in Hong Kong Halving to occur next week, will it be a sell-the-fact event?   Bitcoin stable around all-time highs Bitcoin has been in a steady upside trajectory since the beginning of the month, surging to a fresh three-week high of $72,730 on Monday. This bullish wave got disrupted by the stronger-than-expected US inflation report [..]

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Technical Analysis – ETHUSD finds support at 50-day SMA

Posted on April 11, 2024 at 1:42 pm GMT

ETHUSD slides after recording 1-month peak But the 50-day SMA curbs its retreat Momentum indicators ease in positive zones ETHUSD (Ethereum) experienced a strong pullback from its 2024 peak of 4,090, dropping to as low as 3,060. This week, the price recorded a fresh one-month high of 3,410 before reversing lower to find solid support at the 50-day simple moving average (SMA). Should Ethereum bounce off its 50-day SMA and storm higher, immediate resistance could be found at the one-month peak of [..]

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Technical Analysis – BTCUSD pauses pullback but still under pressure

Posted on April 4, 2024 at 10:39 am GMT

BTCUSD halts its retreat and recoups some losses But momentum indicators remain tilted to the downside BTCUSD (Bitcoin) experienced a strong pullback following its repeated inability to conquer the 71,750 hurdle. Although the price seems to be finding its footing in the last couple of sessions supported by a short-term ascending trendline, near-term risks remain tilted to the downside. If bearish pressures persist, Bitcoin could revisit its recent support of 64,500.  Further declines could then cease at the March deflection point of [..]

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What does the 2024 halving mean for Bitcoin? – Crypto News

Posted on April 2, 2024 at 1:34 pm GMT

The fourth Bitcoin halving set to occur around April 20 Bitcoin rose significantly in the aftermath of past halving events Will the win streak continue or could things be different this time?   What is Bitcoin halving? The Bitcoin halving, also known as the halvening, is a process that occurs approximately every four years and essentially slices mining rewards in half. At Bitcoin’s initiation in 2009, every block rewarded 50 new Bitcoins to miners, with the number expected to fall to [..]

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