Tag: Bitcoin

Elliot Wave Analyst Sees Bitcoin Bottom at $4,700

Elliot Wave Analyst Sees Bitcoin Bottom at $4,700

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Popular technical analyst and founder of live trading room platform ElliotWaveTrader.net Avi Gilburt, has outlined his predictions for the future of Bitcoin (BTC). Following a nine-month-long bear market that has taken the asset down from $19,000 to current levels, the Bitcoin crash is ...
Bitcoin Back on Track Following False Breakout, CNBC Prompts Fall

Bitcoin Back on Track Following False Breakout, CNBC Prompts Fall

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Following the catastrophic collapse that saw the cryptocurrency market lose $36 billion in two days, wild theories abounded of manipulation and insider trading. However, a graph from FXStreet showing broader analysis over the year reveals that the recent breakout to $7,500 was actually ...
Bitcoin Crash: Take a Deep Breath and Zoom Out – Markets Move, it’s Normal

Bitcoin Crash: Take a Deep Breath and Zoom Out – Markets Move, it’s Normal

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Okay, sure, the recent Bitcoin and cryptocurrency downturn is happening a little quicker than expected but it WAS expected, and therefore no real cause for concern. Everything has been pointing to a market retracement over the past week. Volume has been low, and the price of Bitcoin had ...
The $74 Million BTC Short Could Only Be Insider Trading

The $74 Million BTC Short Could Only Be Insider Trading

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Yesterdays sudden Bitcoin crash has drawn all kinds of speculation as to what could be the cause, with the most prominent belief being that of Goldman Sachs withdrawing its plans to build a BTC Trading Desk. Other evidence points to the transfer of 16,000 BTC from a wallet allegedly link ...
Bitcoin (BTC) Drops $400 in Minutes, Manipulation Likely

Bitcoin (BTC) Drops $400 in Minutes, Manipulation Likely

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For no immediately apparent reason, Bitcoin just dropped $400 from $7350 to $6950 in the matter of a few minutes. While the cryptocurrency is no stranger to volatility, this kind of sudden unexpected crash is highly suspicious. Some have speculated that news from Shapeshift introducin ...
Over 100 Thousand BTC Moved From Potential Silk Road Wallet

Over 100 Thousand BTC Moved From Potential Silk Road Wallet

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As pointed out by a Reddit user yesterday, somebody has recently moved a collective 111,114 bitcoin and bitcoin cash from a single wallet into over 80 separate wallets. Initial examinations of blockchain data suggested the account may be related to 'Dread Pirate Roberts' (DPR) of the le ...
Bitcoin Jumps $200 in Minutes As Buyers Flock to the Market

Bitcoin Jumps $200 in Minutes As Buyers Flock to the Market

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For the first time in weeks, Bitcoin has finally escaped the claws of the bear market and broken the crucial psychological barrier of $7,000. The move is a significant indication that buyers are returning to the market, with the gap between short and long positions slowly closing. A rep ...
BTC Faces Further Volatility in Upcoming Proshares ETF

BTC Faces Further Volatility in Upcoming Proshares ETF

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Following a delay earlier this month on the VanEck/SolidX Bitcoin exchange-traded fund (ETF) decision, the U.S. Securities and Exchange Commission (SEC) now has another ETF decision that must be finalized this Thursday. The ProShares Bitcoin ETF has already been delayed a number of time ...
Vitalik Buterin likens Bitcoin Maximalists to dictators

Vitalik Buterin likens Bitcoin Maximalists to dictators

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Ethereum co-founder Vitalik Buterin has taken issue with the arguments and language used by single coin maximalists, saying they are the same as those “dictators use against political opposition.” Single-coin maximalists believe that the greatest gains will be made if one cryptocurrency ...
Is the market overreacting to SEC’s Bitcoin ETF postponement?

Is the market overreacting to SEC’s Bitcoin ETF postponement?

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Bitcoin’s price fell dramatically yesterday as the U.S. Securities and Exchange Commission (SEC) announced it would be delaying a much anticipated decision on whether it would approve a Bitcoin exchange traded fund (ETF). ETFs are widely seen as a key next step to cryptocurrencies’ entr ...

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