btc price | Crypto Profit Bot

Bitcoin must now reclaim these price levels to resume its rally to $20K

November 26, 2020

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Bitcoin (BTC) has been seeing significant momentum in previous weeks as its price was approaching the precious $20,000 all-time high. However, an abrupt end came to this glorious rally, with Bitcoin price crashing severely over the past 24 hours. Cryptocurrency market, 1-day performance. Source: Coin360 While most investors were celebrating a potential new all-time high, […]

How massive liquidations caused Bitcoin to plummet 16% in 24 hours

November 26, 2020

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Bitcoin (BTC) price fell by a whopping 16% to $16,334 on Nov. 26 since achieving its peak at $19,484 the previous day. Data suggests that cascading liquidations were the driving force of the massive correction. Prior to the pullback, the open interest of the Bitcoin futures market hit a new record high. The derivatives market […]

Bitcoin faces this final resistance zone before $20K all-time high

November 25, 2020

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Bitcoin (BTC) traders are pinpointing the order books of major exchanges that show the $19,500 level is a near-term resistance level. Bitcoin rejects $19,500 for now On Nov. 25, Bitcoin price was rejected at $19,500 with a relatively large volume across top spot exchanges. On Binance, for example, BTC price hit $19,484 before seeing a […]

Bitcoin price has now only been higher one day in history

November 24, 2020

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Nov. 24 is generating the second-highest daily price ever for Bitcoin, with November already its best month in terms of dollar gains. 9613 Total views 48 Total shares Bitcoin (BTC) is currently having its second-highest trading day ever as BTC/USD is hitting a new multiyear high of $19,330. Data from Cointelegraph Markets and TradingView provides […]

Bitcoin price dips below $18K — Time to watch these ‘whale cluster’ support zones

November 22, 2020

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Bitcoin (BTC) price dropped below the $18,000 support level on Nov. 22. This comes after BTC continuously saw high over-the-counter (OTC) and institutional volume throughout November. BTC/USD 1-hour chart. Source: Tradingview Data suggests that the growing institutional demand was likely one of the main catalysts behind the BTC price rally to $18,965. According to the […]

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 […]

Not just Wall Street: Quant trader explains why Bitcoin price is going up

November 19, 2020

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Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin (BTC). The catalysts are increasing adoption, whales, inflows from other products into Bitcoin, and influence from other markets. Alameda Research is a major cryptocurrency firm that trades a variety of cryptocurrencies and derivatives, with a volume […]

3 reasons Bitcoin price hit $17K, marking a new parabolic uptrend

November 17, 2020

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The price of Bitcoin (BTC) surpassed $17,000 for the first time since December 2017, continuing its current uptrend. The rally comes after BTC broke out of the previous parabola, which initially caused concerns. Three factors likely contributed to the ongoing rally: a new parabolic trend, resilience above $16,000, and Bitcoin absorbing whales’ selling pressure. New […]

Bitcoin analyst gives 4 reasons why BTC price will hit $22,000 next

November 17, 2020

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Philip Swift, a Bitcoin (BTC) analyst and the creator of Lookintobitcoin.com, laid out four reasons why BTC is headed to $22,000. Both fundamental and technical factors indicate the top cryptocurrency’s momentum is strengthening. The one-year HODL percentage, the decline of Bitcoin exchange reserves, neutral funding rates, and institutional accumulation point toward a prolonged BTC rally. […]

Bitcoin price must break this level to extend 6-week winning streak

November 16, 2020

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Bitcoin price has been showing significant strength as Bitcoin (BTC) rallied by more than 60% in a matter of six weeks, surging from $10,000 to $16,500 and leaving many investors behind. These investors were waiting for the close of the CME gap at $9,600, which didn’t occur. However, can the markets expect a correction to happen, […]

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