Bitcoin

Bitcoin price holds $20K, but analysts say ‘expect 6 months of sideways’ price action – Cointelegraph

Trading across the cryptocurrency market was relatively subdued on July 5 as the ecosystem continues to digest the fallout from the Three Arrows Capital scandal and Voyager Digital announcing that it has filed for Chapter 11 bankruptcy protection.  Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) has spent the day oscillating around the $20,000 support level, ranging from a low of $19,775 to an intraday high of $20,480 on $25.48 billion in trading… Source link

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BTC Hovers Slightly Above $20,000, as Crypto Volatility Continues – Market Updates Bitcoin News

BTC Hovers Slightly Above $20,000, as Crypto Volatility Continues – Market Updates Bitcoin News

BTC was trading higher on hump day, as bullish momentum picked up as the week progressed. Prices once again tested a key resistance level above $20,000, with ETH also hovering around a ceiling of its own during Wednesday’s session. Bitcoin Bitcoin was trading in the green for most of Wednesday’s session, as bullish pressure continued to intensify. Following a low of $19,341.23 on Tuesday, BTC/USD was up by over $1,000 from this point earlier today. Prices rose to a peak of… Source link

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Analyst Predicts Rallies for Two of Ethereum’s Biggest Rivals, Says Bitcoin Could Bounce Harder Than Traders Think

A popular analyst is predicting if and when three cryptos can break out of the lingering market downtrend to achieve a short-term rally. Pseudonymous crypto trader Altcoin Sherpa tells his 180,000 Twitter followers he’s not encouraged by altcoins on their one-hour to daily high time frame [HTF] charts but thinks there could be temporary upside potential for certain projects. Sherpa thinks both Cosmos (ATOM) and layer-1 scaling solution NEAR Protocol (NEAR) can do well. “The… Source link

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Bitcoin price approaches potential springboard to $23K as DXY cools surge

Bitcoin price approaches potential springboard to $23K as DXY cools surge

Bitcoin (BTC) approached the July 6 Wall Street open near $20,000 as a fresh battle between support and resistance loomed. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Whale levels close by Data from Cointelegraph Markets Pro and TradingView showed BTC/USD wedged in a tight trading range with liquidity creeping closer to spot on the day. After recovering 6% losses from the day before, order book data confirmed that support and resistance was now almost… Source link

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Argentina Runs to Stablecoins Amidst Political and Economic Uncertainty – Economics Bitcoin News

Argentina Runs to Stablecoins Amidst Political and Economic Uncertainty – Economics Bitcoin News

Citizens of Argentina are hedging their savings by using stablecoins amidst the recent climate of uncertainty created by the resignation of certain key members of the government. The minister of economy in the country resigned last weekend, alongside other personalities, creating the turmoil that prompted the price of stablecoins in the country to rise by 11% on some exchanges. Dollar-to-Peso Exchange Rate Plummets Due to Political Uncertainty in Argentina The rate that citizens in… Source link

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What are Bitcoin investors aiming for amid surging BTC outflows

On-chain data suggested that June was the worst month for Bitcoin [BTC] considering the performance of the king coin since 2011. It took a dip of 37.5% over the month in an already catastrophic Q2. Feds, inflation, and now recession rumors are circling around the crypto market. How will these talks affect the BTC performance in the coming weeks? Despite the grievances during June, the month of July has bought some respite for Bitcoin. The entire crypto market is going through… Source link

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