Market Analysis

Bitcoin (BTC) Price Prediction: BTC/USD Faces Rejection Thrice at the $60,000 Resistance Zone, Resumes Downward Correction

Bitcoin (BTC) Price Prediction – May 9, 2021Bitcoin bulls have broken above the $58,000 resistance but the bullish momentum could not be sustained. Today, BTC/USD traded as price reached the high of $59,450. The king coin is likely to retrace to $57,000 low if the bulls fail to break the $60,000 psychological price level. Resistance …

Bitcoin (BTC) Price Prediction: BTC/USD Faces Rejection Thrice at the $60,000 Resistance Zone, Resumes Downward Correction Read More »

Bitcoin Price Prediction: BTC/USD Jumps Another 3% Gains to Reclaim $59,000 Level

Bitcoin (BTC) Price Prediction – May 8 After a sudden and bullish price spike, BTC/USD moves toward the long-awaited $60,000 resistance. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $63,000, $65,000, $67,000 Support Levels: $51,000, $49,000, $47,000 BTCUSD – Daily Chart BTC/USD has once again given more than 3% pullback surging past $59,000 …

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Bitcoin (BTC) Price Prediction: BTC/USD Is Stuck between $53,000 and $58,000 as Bears and Bulls Continue Unending Price Tussles

Bitcoin (BTC) Price Prediction – May 7, 2021Since May 1, BTC/USD upward moves have been restricted below $58,000 high. Bitcoin now fluctuates between $53,000 and $58,000 price levels. Bitcoin bulls have retested the $58,000 resistance level on four occasions but unable to break it. BTC price is now falling after the last rejection. Resistance Levels: …

Bitcoin (BTC) Price Prediction: BTC/USD Is Stuck between $53,000 and $58,000 as Bears and Bulls Continue Unending Price Tussles Read More »

Bitcoin Price Prediction: BTC/USD Corrects Gain as Price Remains Below $59,000 Level

Bitcoin (BTC) Price Prediction – May 6 After touching the daily high of $58,400, BTC/USD drops over 0.55% as it trades at the $57,185 level. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $62,000, $64,000, $66,000 Support Levels: $53,000, $55,000, $57,000 BTCUSD – Daily Chart The daily chart reveals that BTC/USD failed to …

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VanEck and BetaShares Await Approval for Aussie Bitcoin ETF

As Australians venture deeper into the crypto market, fund managers in the country are racing to seek approval from regulators for the first Bitcoin ETF. Two companies that have submitted formal proposals for review and approval by the Australian Securities Exchange (ASX) are VanEck and BetaShares. The move comes despite reports in May suggesting the …

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Will Amazon’s Digital Currency Lead the Way to Crypto Adoption?

Amazon has announced plans for its own digital currency, according to various news reports. Though the project is not a blockchain-based cryptocurrency, the decision could potentially lead the way to crypto adoption in the future. Here’s why. Amazon Has Hired a Regulatory Team According to the U.K. newspaper The Telegraph, Amazon has recently recruited six …

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Bitcoin Price Prediction: BTC/USD Stays Above the Moving Averages; Recovery May be Limited by $55,000 Level

Bitcoin (BTC) Price Prediction – March 5 BTC/USD is up by more than 6.94% as the price struck a sudden and bullish price spike. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $62,000, $64,000, $66,000 Support Levels: $48,000, $46,000, $44,000 BTCUSD – Daily Chart The daily chart reveals that BTC/USD is pushing the …

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Bitcoin Price Prediction: BTC/USD Bounces above $57,000 as Bulls Struggling to Keep the Uptrend

Bitcoin (BTC) Price Prediction – May 5 Bitcoin gains 7.36% as bulls keep working hard to nurture a bullish trend from the support at $53,000. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $60,000, $62,000, $64,000 Support Levels: $49,000, $47,000, $45,000 BTCUSD – Daily Chart BTC/USD is currently trading at the $57,161 resistance …

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