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Cryptocurrencies

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Technical Analysis – BTCUSD pauses selloff and battles with 40,000

Posted on January 25, 2024 at 1:06 pm GMT

BTCUSD manages to halt its short-term decline But its rebound encounters resistance around 40,000 Momentum indicators still deep in their negative zones BTCUSD (Bitcoin) has 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, the short-term oscillators are still heavily tilted to the downside, painting a rather dire technical picture. If the price manages to extend its rebound, the inside swing low of 41,285 could prevent initial advances. [..]

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Bitcoin posts 1-month low as ETF excitement fades – Crypto News

Posted on January 19, 2024 at 12:55 pm GMT

Bitcoin drops to its lowest post-ETF level on Thursday Sell-the-news reaction and profit taking persist ETF inflows grow, diverging from the price action   Post-ETF slide continues On Thursday, Bitcoin fell to its lowest level since the U.S. Securities and Exchange Commission’s (SEC) approved spot-Bitcoin ETFs, validating analysts’ fears that this could turn out to be a sell-the-news type of event. Following a fresh two-year high of $49,051 in the aftermath of the decision, Bitcoin’s price dropped to as low [..]

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Technical Analysis – BTCUSD stuck in tight range

Posted on January 18, 2024 at 2:49 pm GMT

BTCUSD extends sideways move in narrow range The 200-period SMA rejects any upside attempts Momentum indicators deep in their negative zones BTCUSD (Bitcoin) has experienced a strong decline from its recent two-year peak of 49,051, dropping to as low as 41,400. Although the short-term oscillators have been tilted to the downside for the past few four-hour sessions, the digital coin managed to recoup some losses and adopt a neutral pattern. Should the bears attempt to push the price lower, immediate support could [..]

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Bitcoin posts fresh 2-year high in ETF debut week – Crypto News

Posted on January 12, 2024 at 12:48 pm GMT

Bitcoin jumps to its highest since late 2021 after SEC’s ETF approval US-listed spot Bitcoin ETFs record $4.6 billion volume on launch day Ethereum climbs to 20-month peak on speculation of impending ETFs   Landmark event but too early to draw conclusions This week was characterized by the long-awaited decision from the U.S. Securities and Exchange Commission’s (SEC) to greenlight 11 spot-Bitcoin ETF applications from big Wall Street players. Although the positive outcome had been largely priced in, we saw a [..]

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Technical Analysis – Bitcoin climbs to new 21-month high ahead of ETF decision

Posted on January 9, 2024 at 3:07 pm GMT

BTCUSD rallies and hits new 21-month high RSI and MACD detect positive momentum Bearish reversal to be considered upon dip below $41,200 BTCUSD surged yesterday, breaking back above $45,000 and hitting a new 21-month high at $47,282. It seems that the euphoria around the potential approval of a spot-Bitcoin ETF by the Securities and Exchange Commission (SEC) has been the main driver behind the current uptrend, increasing the chances for a sell-the-fact response at the time of the announcement. That [..]

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Bitcoin volatility spikes as ETF decision looms – Crypto News

Posted on January 5, 2024 at 12:25 pm GMT

Bitcoin starts the year with a fresh 21-month high Speculation around ETF approval induces volatility Asymmetric risks in place as regulatory clearance is already priced in New year, old habits After a spectacular 2023, Bitcoin started the new year on a volatile note amid increasing anticipation of the eventual greenlight of spot-Bitcoin ETFs by the Securities and Exchange Commission (SEC). On Tuesday, the flagship cryptocurrency climbed to $45,912, its highest level since April 2022, during a painful trading session for [..]

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Technical Analysis – ETHUSD trades sideways after decline pauses

Posted on January 4, 2024 at 1:46 pm GMT

ETHUSD spikes aggressively to the downside Rebounds quickly and moves sideways in the last sessions Momentum indicators are heavily tilted to the downside ETHUSD (Ethereum) experienced a sharp retreat following the formation of a double top pattern in the four-hour chart. Although the bulls managed to recoup some losses after the price tumbled to a fresh one-month bottom of 2,108, the digital coin is still hovering beneath both its 50- and 200-period moving averages (SMAs). Should the sideways pattern break to the upside, [..]

Cryptos Year Ahead 2024: Spot ETF approval and Bitcoin halving take centre stage

Posted on December 29, 2023 at 11:39 am GMT

Phenomenal year for cryptocurrency markets; 2024 could be even better Approval of spot-Bitcoin ETFs expected to spur institutional demand Bitcoin has shined in each halving year, will the streak extend?   Cryptos licked their wounds in 2023 After a catastrophic 2022, which was characterised by recurring blowups and cases of fraud within the crypto industry, this year has been a spectacular one for digital coins. Bitcoin has been one of the best performing assets globally, appreciating more than 150% year-to-date, while Ethereum [..]

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Bitcoin set to end 2023 on firm note – Crypto News

Posted on December 22, 2023 at 12:14 pm GMT

Bitcoin on track for another positive week BlackRock updated its ETF filling on Monday Attention shifts to 2024 developments Bitcoin ascends towards recent peak The king of cryptocurrencies is on track to clock another positive week and extend its impressive performance to what has been a solid year so far. On Monday, BlackRock updated its spot-Bitcoin ETF filling to permit cash redemptions, which is believed to bring the final approval one step closer. This development was cheered by crypto investors, [..]

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Technical Analysis – ETHUSD attempts to erase recent pullback

Posted on December 21, 2023 at 2:23 pm GMT

ETHUSD forms structure of lower highs and lower lows But the latest rebound advances above previous high Momentum indicators suggest strengthening positive bias ETHUSD (Ethereum) had experienced a strong rally since late October, which propelled the price to a fresh 19-month peak of 2,403 on December 9. Although the latter was followed by a pullback, the price seems to be attempting a recovery in the past couple of sessions as the short-term oscillators have turned positive. Should the rebound extend and [..]

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