Bitcoin Analysis | Crypto Profit Bot

Historically low spot volumes and investor indecision weigh on Bitcoin price

July 17, 2021

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If one word could be used to describe how the majority of participants in the cryptocurrency ecosystem feel about the near-term outlook for Bitcoin (BTC) it would be ‘undecided’, as mixed signals from all manner of indicators have many traders waiting for a significant move in either direction before planning their next entry point. A […]

Bitcoin price set to rebound? BTC shorts on Bitfinex crash by 25% after record spikes

July 17, 2021

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Bitcoin (BTC) bears should watch out for a potential blow as the number of margined short positions on the Bitfinex exchange crashes by roughly 25%. The dataset dropped to 11,066 BTC as of 12:20 GMT Saturday, compared to 14,897 BTC at the session’s open. Meanwhile, the drop came as a part of a bigger downside […]

Big bullish pattern on US dollar index chart puts Bitcoin at risk of losing $30K

July 16, 2021

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Dollar traders have kept a close eye on a potentially bullish “inverse head-and-shoulders” pattern building in the U.S. dollar index (DXY) chart. Meanwhile, the smell of a stronger greenback is weakening Bitcoin’s (BTC) upside case, especially as the flagship cryptocurrency struggles to break out of its current $30,000-35,000 trading range. Three troughs, one price ceiling […]

Goldman Sachs: Ethereum’s popularity could see ETH become dominant store of value

July 7, 2021

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Goldman Sachs says the popularity of Ethereum’s smart contracts means it could overtake Bitcoin as the number one crypto by market cap soon. 9080 Total views 28 Total shares Goldman Sachs said in a note to clients on Tuesday that the blockchain with the highest “real use potential” is Ethereum, suggesting its ETH could become […]

$Bitcoin fractal setup from 2019 hints BTC price can rebound back to $50K$

Bitcoin fractal setup from 2019 hints BTC price can rebound back to $50K

July 4, 2021

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Bitcoin (BTC) faces the prospects of reaching $47,500-$50,000 based on its current trend’s eerie similarity with the one in June through December 2019. 2019 Bitcoin fractal In detail, Bitcoin topped out around $14,000 on June 26, 2019, before turning lower for the remainder of the year on profit-taking sentiment, and as well as FUD sparked […]

Cambridge and IEA data shows bitcoin carbon intensity peaked last year

July 2, 2021

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Worst case projections seem to suggest that bitcoin emissions will be down by more than two-thirds in five years. 1541 Total views 6 Total shares According to publicly available data from the University of Cambridge Centre for Alternative Finance and the International Energy Agency, or IEA, bitcoin (BTC) carbon emission intensity may have already peaked. […]

3 things traders are saying about Bitcoin and the state of the bull market

June 23, 2021

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Bitcoin’s (BTC) dip below $29,000 on June 22 rocked the markets a handful of analysts to call for a potential drop below $20,000. Many traders on crypto Twitter were focused on the formation of a death cross on the Bitcoin chart as an omen for another potential drop in the price but analysts with a […]

Bitcoin rejects near $37.5K, on-chain data shows capitulation from short-term holders

May 31, 2021

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On-chain data shows short-term Bitcoin holders continue to capitulate while long-term investors have been buying the dip in anticipation of the market moving higher. 33711 Total views 8 Total shares Bitcoin started the week off with an abrupt bullish breakout to $37,500, a level some analysts have identified as a crucial ‘line in the sand’, […]

Analyst says reclaiming $37,500 is Bitcoin’s crucial ‘line in the sand’

May 29, 2021

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According to analysts from Decentrader, Bitcoin needs to quickly reclaim the $37,500 level and ETH needs to hold $2,300 as support to avoid bull-market-ending price action. 35999 Total views 11 Total shares Bitcoin (BTC) price continues to limp lower as traders in the U.S. hit the BBQ to enjoy the upcoming Memorial Day holiday on […]

Willy Woo doesn’t think Bitcoin’s overall upward run has ended

May 21, 2021

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Popular Bitcoin analyst Willy Woo noted a few signs and symptoms indicating the BTC bull run still has some juice left. 40848 Total views 26 Total shares Bitcoin’s price fell significantly this week as the $30,000 price level waved hello to the frantically falling asset. Willy Woo, a popular Bitcoin (BTC) analyst, however, thinks the […]

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Category: Bitcoin Analysis