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Posts Tagged ‘Price’

Bitcoin Price Eyes Triangle Breakout Above $6.4K

Bitcoin (BTC) is again trading in a narrowing price range above $6,400, but the lateral trading may soon give way to a rally, according to technical studies. The price consolidation comes after Monday’s big spike to three-week highs above $6,800, which weakened the bearish case put forward by last Thursday’s violation of key support. So…

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3 Hurdles Could Complicate Bitcoin’s Price Recovery

Forcing a bitcoin (BTC) price breakout is looking anything but easy for the bulls, with the path to $7,400 being littered with resistance levels. Stepping back, the leading cryptocurrency jumped above $6,800 on Monday, neutralizing the bearish view put forward by a downside break of a trendline support last Friday. The sharp recovery from lows…

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Binance Burns More Than 1.6 Million BNB Coins But Price Drops

The world’s largest cryptocurrency exchange by volume Binance had completed its 5th scheduled token burn. The price has reacted negatively so far, however, despite the reduction in BNB supply. 1,643,986 Binance Coins (BNB) Destroyed In an official release dated October 17, Binance announced that it has successfully completed its 5th quarter token burn, as per…

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Bitcoin Price Is Defending One Key Support for the Fifth Month Running

Bitcoin (BTC) is defending a key long-term price floor as it recovers from Friday’s three-week lows near $6,200. After a strong bearish move last Thursday, the leading cryptocurrency looked set to pierce the 21-day exponential moving average (EMA), which has been serving as a strong support since June. However, yesterday’s rally to over $6,800 ensured…

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Do These Indicators Suggest a Bitcoin Price Rally Early in 2019?

Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization has enjoyed a staggering price increase in excess of 150,000 percent since it was first listed on exchanges back in July 2010. Since then, the cryptocurrency has also experienced multiple bull runs, bear runs (the longest of which consumed much of 2014 and 2015) and stronger…

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Price of Tether Stablecoin Tanks to 18-Month Low

The price of the tether stablecoin (USDT) has fallen to an 18-month low Monday, despite a general rise in the wider crypto markets. The tether-US dollar exchange rate (USDT/USD) fell to $0.925284 at 07:00 UTC  – the lowest level since April 27, 2017 – and was last seen trading at $0.967296, representing a 2 percent…

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Bitcoin Price Spikes But Bull Reversal Is Still $1K Away

Bitcoin (BTC) spiked to multi-month highs Monday likely due to a sell-off in tether (USDT), but a bullish reversal is still not confirmed, technical charts indicate. The leading cryptocurrency jumped to a 2.5-month high of $7,788 at 06:45 UTC on Bitfinex – the cryptocurrency exchange, which manages Tether LLC, the firm that developed the USDT…

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Bitcoin Price Jumps by $600 to Reach One-Month High Above $6.9k

Bitcoin, the world’s largest cryptocurrency by market capitalization, jumped by 11 percent on Monday, pushing its prices above $6,900 for the first time in two weeks. CoinDesk’s bitcoin price index shows that just after 5:00 UTC on Monday, bitcoin’s price saw a sudden jump by $400 over the course of 60 minutes, pushing the price…

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