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Cryptocurrency News Articles
Bitcoin (BTC) Rainbow Chart Predicts $288k Target, But Will History Repeat?
Oct 25, 2024 at 08:00 am
Bitcoin [BTC] saw a surge in accumulation addresses. The HODL mentality was growing in popularity. Bitcoin addresses that have never had an outflow and a minimum of 10 BTC held 1.5 million coins at the beginning of 2024, but currently held 2.9 million.
Bitcoin [BTC] price dropped below a crucial support level on 1 March as traders remained skeptical about the sustainability of the recent rally. The world’s largest cryptocurrency by market capitalization fell through the $30k zone after a brief period of consolidation.
Bitcoin price action hinted at a local top forming at $33.4k. A failure to hold the key support level at $29.3k could lead to further losses. BTC price dropped to lows of $26.2k in February 2023.
A shorter time frame revealed a bullish breakout from a descending trendline. However, the daily chart showed the formation of a lower high, suggesting that the uptrend could be coming to an end.
Bitcoin price dropped below $30k on 1 March. A failure to hold a crucial support level could lead to further losses. The recent rally appeared to be losing steam as BTC price faced resistance at the 200-day moving average (DMA).
A shorter time frame showed a breakout from a descending trendline, but the daily chart indicated the formation of a lower high, suggesting that the uptrend could be coming to an end.
The Moving Average Convergence Divergence (MACD) indicator remained bullish on the shorter time frame, but a failure to hold above the 0 line could lead to a bearish crossover.
Bitcoin price dropped below a crucial support level on 1 March as traders remained skeptical about the sustainability of the recent rally. The world’s largest cryptocurrency by market capitalization fell through the $30k zone after a brief period of consolidation.
Bitcoin price action hinted at a local top forming at $33.4k. A failure to hold the key support level at $29.3k could lead to further losses. BTC price dropped to lows of $26.2k in February 2023.
A shorter time frame revealed a bullish breakout from a descending trendline. However, the daily chart showed the formation of a lower high, suggesting that the uptrend could be coming to an end.
Bitcoin price dropped below $30k on 1 March. A failure to hold a crucial support level could lead to further losses. The recent rally appeared to be losing steam as BTC price faced resistance at the 200-day moving average (DMA).
A shorter time frame showed a breakout from a descending trendline, but the daily chart indicated the formation of a lower high, suggesting that the uptrend could be coming to an end.
The Moving Average Convergence Divergence (MACD) indicator remained bullish on the shorter time frame, but a failure to hold above the 0 line could lead to a bearish crossover.
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- Ethereum (ETH) Fear, Uncertainty, and Doubt (FUD) Spike as ETH/BTC Price Ratio Drops to 3.5-Year Low
- Oct 25, 2024 at 02:25 pm
- Ethereum fear, uncertainty, and doubt (FUD) have spiked again amid an apparent rotation into Solana, while ETH price in terms of BTC has fallen to its lowest level in three-and-a-half-years.
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- Shiba Inu (SHIB) ETF Could Significantly Boost the Cryptocurrency's Price
- Oct 25, 2024 at 02:25 pm
- With institutional investors increasing their exposure to Bitcoin through ETFs, there is a question of what other asset could experience a similar surge in investments, and Shiba Inu is currently leading the pack.
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- Lake District: Beatrix Potter's farm opens up to public
- Oct 25, 2024 at 02:25 pm
- The item is being sold on eBay for 20,000 times its original face value and is located in Doncaster. The coin features Mr Jeremy Fisher, whose starring book was released back in July 1906 as a love letter from Potter to the Lake District.