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Cryptocurrencies

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Bitcoin consolidates above $50,000 as advance pauses – Crypto News

Posted on February 23, 2024 at 12:40 pm GMT

Bitcoin posts fresh 2-year high this week but fails to rally Ethereum violates $3,000 for the first time since April 2022 ECB warns that cryptos are worthless despite ETF approval   Bitcoin enters a consolidation phase Bitcoin is on track for a solid monthly performance in February, rebounding strongly from its post-ETF bottom and posting consecutive higher highs. This week, the king of cryptos stormed to a fresh more than two-year peak of $52,990 but failed to extend its advance. [..]

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Technical Analysis – BTCUSD consolidates near more than 2-year high

Posted on February 22, 2024 at 1:39 pm GMT

BTCUSD moves sideways after steep advance pauses Holds comfortably above 50,000 psychological mark Momentum indicators look overbought BTCUSD (Bitcoin) had been in a steep advance following its break above the 50-day simple moving average (SMA) on February 7. However, the rally seems to have paused for now, with the price consolidating a tad below its more than two-year peak of 52,989. If Bitcoin storms to fresh highs, the November 2021 support zones of 53,300 and 55,500 could now provide initial resistance. Conquering [..]

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Technical Analysis – ETHUSD unlocks 21-month high just shy of 3,000

Posted on February 20, 2024 at 12:46 pm GMT

ETHUSD extends structure of higher highs Posts 21-month peak a tad below 3,000 psychological mark Momentum indicators point to overbought conditions ETHUSD (Ethereum) has been developing within a bullish channel since late October, surging to consecutive higher highs. On Tuesday, the price leaped to a fresh 21-month peak of 2,984, but traders should be cautious as the momentum indicators are hinting at overbought conditions . If buying pressures persist and the price storms to fresh highs, the bulls might attack the [..]

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Bitcoin clocks 2-year high, surpassing $1 trillion in market cap – Crypto News

Posted on February 16, 2024 at 12:28 pm GMT

Bitcoin surges above $52,000 to a fresh 2-year peak Regains $1T market cap as crypto market touches $2T Market focus turns on halving event and Fed rate cuts   Bitcoin fires on all cylinders Bitcoin and most major digital coins advanced sharply this week, extending their solid performance in 2024. Despite a minor retreat after the hotter-than-expected US CPI report pushed back against premature rate cut bets, Bitcoin and Ethereum leaped to their highest levels since December 2021 and May [..]

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Technical Analysis – BTCUSD explodes to a more than 2-year high

Posted on February 15, 2024 at 11:58 am GMT

BTCUSD goes parabolic after claiming 50-day SMA Jumps above 50,000 to a fresh more than 2-year peak Momentum indicators look extremely overbought BTCUSD (Bitcoin) has been experiencing a steep advance following its break above the 50-day simple moving average (SMA) on February 7. Within a week, the price violated its two-year peak of 49,051 and surged above the 50,000 psychological mark, but traders should be cautious as the advance is significantly overstretched. If the rally resumes, Bitcoin could test the November 2021 support [..]

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Bitcoin surges to 1-month high amid ETF boom – Crypto News

Posted on February 9, 2024 at 12:51 pm GMT

Bitcoin jumps above 47,000 to its highest in a month BlackRock and Fidelity ETFs have stellar debut month Market focus turns on halving event   Bitcoin set to erase post-ETF slump In the past two weeks, Bitcoin has been in a steady recovery from its 2024 low of $38,460, which was the region that put an end to the price’s post-ETF selloff. Following a consolidation period around the 50-day simple moving average (SMA), the king of cryptocurrencies exploded higher, eyeing [..]

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Technical Analysis – BTCUSD advances towards crucial resistance

Posted on February 8, 2024 at 1:21 pm GMT

BTCUSD ascends sharply after claiming 50-day SMA Currently challenges the December peak of 44,785 Momentum indicators are starting to look overbought BTCUSD (Bitcoin) experienced a strong decline from its recent two-year peak of 49,051, dropping to as low as 38,460. However, the price has managed to storm back and recoup a significant part of its losses, testing the crucial 44,785 resistance zone on Thursday. If the price conquers the December peak of 44,785, the bulls could then aim for the January resistance [..]

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Bitcoin clocks first negative monthly performance since August – Crypto News

Posted on February 2, 2024 at 12:47 pm GMT

Bitcoin interrupts a four-month winning streak Despite feeling Fed blues, it follows stocks higher As ETF buzz subsides, macro factors take front seat   Bitcoin in slow recovery from ETF slide Last week, Bitcoin fell to its lowest level since the US Securities and Exchange Commission (SEC) approved spot-Bitcoin ETFs, validating the anticipated sell-the-news type of reaction. However, since bottoming out, Bitcoin has not looked back again, with the price recovering to around $43,200 at the time of writing on [..]

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Technical Analysis – BTCUSD drops below 50-day SMA

Posted on February 1, 2024 at 12:26 pm GMT

BTCUSD bounces off 2024 low and reclaims 40,000 But price dips back below 50-day SMA after advance pauses Momentum indicators suggest weakening buying pressures BTCUSD (Bitcoin) experienced a strong decline from its recent two-year peak of 49,051, dropping to as low as 38,460. Despite the price’s attempt for recovery, a new round of weakness has begun, with Bitcoin dropping below the 50-day simple moving average (SMA) following a rejection near 43,850. If the slide resumes, the inside swing low of 41,420 could [..]

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Bitcoin post-ETF selloff takes a breather – Crypto News

Posted on January 26, 2024 at 12:50 pm GMT

Bitcoin prices stabilise as selling pressures ease Tough battle expected around 40,000 psychological mark Investors digest spot ETF impact on Bitcoin characteristics   Post-ETF slide pauses for now On Tuesday, Bitcoin fell to its lowest level since the U.S. Securities and Exchange Commission’s (SEC) approved spot-Bitcoin ETFs, validating the anticipated sell-the-news type of reaction. Following a fresh two-year high of $49,051 in the aftermath of the decision, Bitcoin’s price dropped to as low as $38,460 before rotating back above the $40,000 [..]

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