BTC Markets | Crypto Profit Bot

BTC Markets becomes first Australian crypto firm to get a financial services license

June 21, 2022

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While the license isn’t currently needed for crypto companies in Australia, BTC Markets says it is preparing the exchange for upcoming regulations. 1652 Total views 45 Total shares Australian-based cryptocurrency exchange BTC Markets has become the first crypto company in the country to gain a financial services license. The license was issued by the country’s […]

Bitcoin critics say BTC price is going to $0 this time, but these 3 signals suggest otherwise

June 18, 2022

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Like clockwork, the onset of a crypto bear market has brought out the “Bitcoin is dead” crowd who gleefully proclaim the end of the largest cryptocurrency by market capitalization. If #Bitcoin can collapse by 70% from $69,000 to under $21,000, it can just as easily fall another 70% down to $6,000. Given the excessive leverage in […]

Bitcoin has support at $23K, but analysts warn of a dire drop to $8K as global debt unwinds

June 13, 2022

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BTC’s sell-off is easing slightly, but traders are afraid that negative newsflow and future U.S. interest rate hikes could push the price lower. 26244 Total views 77 Total shares Bitcoin’s (BTC) month-long choppy price action came to an end on June 13 after a deep market sell-off pressed the top cryptocurrency under the $29,000 support. The […]

On-chain data shows Bitcoin long-term holders continuing to ‘soak up supply’ around $30K

May 30, 2022

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Bear markets are typically marked by a capitulation event where discouraged investors finally abandon their positions and asset prices either consolidate as inflows to the sector taper off or a bottoming process begins. According to a recent report from Glassnode, Bitcoin (BTC) hodlers are now “the only ones left,” and they appear to be “doubling […]

3 metrics contrarian crypto investors use to know when to buy Bitcoin

May 27, 2022

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Buying low and selling high is easier said than done, especially when emotion and volatile markets are thrown into the mix. Historically speaking, the best deals are to be found when there is “blood on the streets,” but the danger of catching a falling knife usually keeps most investors planted on the sidelines. The month […]

On-chain data flashes Bitcoin buy signals, but the bottom could be under $20K

May 27, 2022

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Every Bitcoin investor is searching for signals that the market is approaching a bottom, but the price action of this week suggests that we’re just not there yet. Evidence of this can be found by looking at the monthly return for Bitcoin (BTC), which was hit with a rapid decline that “translated to one of […]

Falling wedge pattern points to eventual Ethereum price reversal, but traders expect more pain first

May 26, 2022

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ETH dropped below a key support in its USD/BTC pair, but analysts say a bullish trading pattern could eventually spark a sharp trend reversal. 8592 Total views 62 Total shares The cryptocurrency market was hit with another round of selling on May 26 as Bitcoin (BTC) price dropped to $28,000 and Ether (ETH) briefly fell under […]

‘Extreme fear’ grips Bitcoin price, but analysts point to signs of a potential reversal

May 25, 2022

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Sideways crypto price action persists as the Federal Reserve confirms its plan to continue raising interest rates, but analysts spot a silver lining. 5363 Total views 64 Total shares The cryptocurrency market settled into a holding pattern on May 25 after traders opted to sit on the sidelines ahead of the midday Federal Open Market […]

Contrarian Bitcoin investors identify buy zones even as extreme fear grips the market

May 19, 2022

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Bitcoin (BTC) support at the $30,000 level has proven to be quite resilient amid the turmoil of the past two weeks, with many tokens in the top 100 now showing signs of consolidation after prices bounced off their recent lows. Fear & Greed Index. Source: Alternative.me During high volatility and sell-offs, it’s difficult to take […]

Bitcoin price could bounce to $35K, but analysts say don’t expect a ‘V-shaped recovery’

May 13, 2022

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Altcoins saw a relief bounce on May 13 as the initial panic sparked by Bitcoin’s sell-off Terra’s UST collapse and multiple stablecoins losing their dollar peg begins to decrease and risk loving traders look to scoop up assets trading at yearly lows. Daily cryptocurrency market performance. Source: Coin360 Despite the significant correction that occurred over […]

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Category: BTC Markets