Bitcoin price analysis | Crypto Profit Bot

Bye, alt season? Analysts see traders rotating back to Bitcoin after $30K ‘reset’

May 20, 2021

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The Bitcoin (BTC) market bias stands divided on how to interpret the BTC price crash this week, wherein the pair lost more than 35% of its value at one point on Wednesday, crashing to as deep as $30,000 on Coinbase. Global media outlets attributed the plunge to China reiterating its anti-crypto business stance and Tesla suddenly […]

Bitcoin dips under $60,000 — What’s pulling down BTC price?

April 17, 2021

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The price of Bitcoin suddenly dropped below $60,000 days after the Coinbase public listing. 92487 Total views 59 Total shares The price of Bitcoin (BTC) declined below $60,000 on April 17 after a strong rally throughout the past week in anticipation of the Coinbase public listing on Nasdaq. However, after the COIN listing, which is […]

Bitcoin’s lower lows worry traders — But is the BTC bull market really in danger?

March 23, 2021

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Bitcoin’s price has seen massive gains in recent months, accelerating from $11,000 to nearly $62,000. However, such impressive rallies also include relatively calm periods of price action. These periods are consolidative and are needed for the market to find a new floor. In bull markets, bullish continuation is likely after these periods of ranging before […]

Dollar weakness meets alt season: Is Bitcoin price about to hit $50K?

February 11, 2021

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Bitcoin’s (BTC) price broke through the crucial level at $40,500 as news of Tesla adding $1.5 billion in Bitcoin to their balance sheet. This news event pushed the price to new all-time highs, putting the next major resistance level at $50,000. What’s more, other cryptocurrencies are accelerating left and right as the landscape is ideal […]

Bitcoin eyes $50K less than a month after BTC price broke its 2017 all-time high

February 6, 2021

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Bitcoin’s (BTC) price broke through the crucial level at $35,000 and continued its run above $40,000 on Feb. 6, just days after MicroStrategy’s pitched Bitcoin to over 1,4000 companies. This breakout above $35,000 earlier this week was significant as it opened the door to a new all-time high test. The final hurdle at $40,000 has […]

Bitcoin price chart shows ‘Elon Musk’ pump was an outlier — So what happens now?

January 30, 2021

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Bitcoin (BTC) has seen a very volatile week, as the price of Bitcoin jumped around from $32,000 to $38,500 and back toward $33,000 in a matter of 24 hours. The initial spike to $38,500 happened in minutes after Elon Musk added #Bitcoin to his Twitter profile. However, no follow-up of that price movement was seen […]

World’s richest man Elon Musk boosts Bitcoin price by 20% — Is $40K back in play?

January 29, 2021

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Bitcoin (BTC) has been correcting since the peak high at $42,000. However, this correction might have ended as a significant momentum shift occurred in recent days. The GameStop debacle raised many questions about big parties’ trustworthiness and exchanges, after which more and more people started to claim that decentralization is the future. Among these people […]

Is Bitcoin’s vertical rally in danger? Why $30K isn’t the only level to watch

January 5, 2021

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Bitcoin (BTC) had a tremendous 2020 as BTC price rallied by 311%. In the shadows of Bitcoin, Ether (ETH) also saw a fantastic year as Ether’s price rallied by an even bigger 475%. While only five days into the new year, ETH is continuing this trend. Bitcoin vs. Ether January 2021 performance. Source: Digital Assets […]

Bitcoin rebounds to $18K after crucial support level holds — What’s next?

November 19, 2020

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Bitcoin (BTC) has seen a tremendous run, particularly since September, with BTC price surging from $10,500 to $18,400 — a rally of 75% in less than three months. What’s more, since March, BTC/USD has gained almost 400%, making it the best-performing asset of 2020 and likely catching many investors completely by surprise. Let’s take a […]

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Category: Bitcoin price analysis