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Bitcoin Miners Add Capacity Despite Dwindling Profits

The bitcoin price is trading in “no man’s land,” if you ask Fundstrat market technician Robert Sluymer. According to Sluymer, bitcoin must make its way back to the $6,300-$6,400 range to pave the way for a comeback. The current trading pattern is a setback for perhaps no group more than bitcoin miners, whose profits are […]

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Trade Recommendation: Bitcoin

The Bitcoin/US Dollar pair has been bearish since it generated a lower high of $17,178 on January 5, 2018. That means that the pair has been in bear territory for six months now. Recently, it recorded a new 2018 low of $5,777.00 and broke the $6,000 long term support. This triggered numerous stop losses. Predictions […]

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3 Reasons Why Bitcoin Market Remains Optimistic Despite $6,000

On June 23, CNBC Fast Trader hosted a show dedicated to presenting the “Bitcoin Funeral,” a witty introduction to BKCM founder and cryptocurrency investor Brian Kelly’s discussion on the recent bitcoin correction and its future price trend. Three Reasons why Bitcoin Isn’t Dead On CNBC Fast Trader, Kelly outlined three major reasons bitcoin will recover […]

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Bitcoin: Price Analysis, June 22

BTC/USD The pullback in Bitcoin stalled right at the downtrend line. The failure of the bulls to break out of this overhead resistance has attracted fresh selling by the bears. Now, it’s up to the bulls to defend the major support at $6,075.04. If the bears succeed in breaking below the psychological support at $6,000, […]

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Selloff Resumes: Cryptocurrency Market Heads for Weekly Loss After Friday Tumult

Cryptocurrency prices fell hard on Friday, with EOS hitting its lowest level in 60 days as bear-market pressures re-emerged following days of stable trading ranges. Coins See Red Cryptocurrency prices were down across the board, with major altcoins like EOS and Ethereum falling double digits percentage-wise. EOS reached a session low of $9.30, its worst […]

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5 Reasons Why Bitcoin Is Crashing Right Now

1. Market Manipulation BTC market manipulation has been a highly contentious area that always arises when questioning Bitcoin’s price activity. Whether traders choose to accept it or not, evidence supplied by a University of Texas finance professor recently, along with investigations by the United States Justice Department the Commodity Futures Trading Commission, are beginning to […]

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Bitcoin: Price Analysis, June 20

BTC/USD Bitcoin is trying to pull back from the lows. It has major resistance at the downtrend line. The 20-day EMA is also located just above this line at $7,011. If prices turn down from the overhead resistance, a retest of the June 13th lows at $6,277.23 is probable. If the bulls manage to break out of the […]