Category: btcusd

Bitcoin’s epic $7.5B long squeeze just made BTC price more bullish — Here’s why

Bitcoin’s epic $7.5B long squeeze just made BTC price more bullish — Here’s why

May 19’s price crash in the Bitcoin (BTC) spot market wiped about $7.56 billion worth of long-leveraged positions from cryptocurrency derivatives markets. Leveraged bullish investors winded up around $7.5 billion in longs on May 19. Source: Bybt The event marked the biggest bullish leverage wipeout since March 2020. Retail and institutional investors borrowed from leading […]

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Bitcoin chart fractal notorious for 60%–70% price crashes is back  — What’s next?

Bitcoin chart fractal notorious for 60%–70% price crashes is back — What’s next?

Bitcoin bulls should brace for aggressive downside market corrections in the sessions ahead, especially as the benchmark cryptocurrency breaks below a critical support level. Dubbed the 20-week exponential moving average (EMA), the wave has historically served as a primary downside target for bulls to accumulate Bitcoin (BTC). For instance, the BTC/USD exchange rate maintained its […]

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Bitcoin’s drop from $64K comparable to Black Thursday, but Coinbase outflows hint at accumulation

Bitcoin’s drop from $64K comparable to Black Thursday, but Coinbase outflows hint at accumulation

Elon Musk and COVID-19 have something in common: They have both panicked investors — at least once — into dumping their Bitcoin (BTC) holdings. The similarities notched up higher in the previous six days as Musk doubled down on his chaos-inducing perspective toward Bitcoin. The billionaire entrepreneur engaged in a Twitter spat with top cryptocurrency […]

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Buy or hodl, says investor Raoul Pal as Bitcoin price chart hints at ‘falling wedge’

Buy or hodl, says investor Raoul Pal as Bitcoin price chart hints at ‘falling wedge’

Raoul Pal wants Bitcoin (BTC) investors to mobilize their trades against Elon Musk. The macro investment strategist advised traders to either accumulate or preserve their Bitcoin holdings just as the flagship cryptocurrency suffered massive declines over the weekend and at the beginning of this week. Bitcoin drops by 16.92% over the weekend and Monday. Source: Tradingview […]

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