BITCOIN Archives - Page 127 of 129

April 27, 2021

Glassnode Reports Surge in Bitcoin On-Chain Activities, as Transfer Volume Reaches Record High

Glassnode, an on-chain analytics provider, has posted a weekly activity report for the Bitcoin (BTC) network, noting that several milestones and record highs have gotten triggered for various metrics. The report suggested that the peaks in on-chain transaction volume and fees indicate that the corr...

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April 25, 2021

On-Chain Data Suggests Bitcoin’s Bullish Bias Still Intact

Despite the massive plunge suffered over the past week, on-chain data proposes that demand for Bitcoin (BTC) is still intact. The data revealed that the declining number of BTC stored on exchanges and miners’ refusal to sell their coins is indicative that the benchmark cryptocurrency could resume i...

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April 25, 2021

Bitcoin (BTC/USD) Finally Reaches Lower Support of $50,000 in a Downward Price Correction

Bitcoin Price Prediction – April 25In the aftermath of the recent downward price correction of the BTC/USD, its market valuation has lowered down to the level expected to be the final trading point of extension around the value of $50,000. BTC/USD MarketKey Levels:Resistance levels: $55,000, $60,00...

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April 22, 2021

Guggenheim Chief Investment Officer: Bitcoin to Drop to $20 – $30k Range

Scott Minerd, the Chief Investment Officer at Guggenheim Partners, has made a gloomy prediction for Bitcoin (BTC). Minerd also holds the title of chairman of Guggenheim Investments, the global asset management and investment advisory arm of Guggenheim Partners. Guggenheim Investments is responsible...

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April 21, 2021

Bitcoin (BTC/USD) Sets a Trading-Pace Bottoming Around the $55,000 Support Level

Bitcoin Price Prediction – April 21BTC/USD market, in the wake of featuring a line of price correctional movements recently, the pair now finds a vital support baseline to sit on. BTC/USD Market Key Levels:Resistance levels: $60,000, $65,000, $70,000Support levels: $50,000, $45,000, $40,000 BTC/USD...

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April 20, 2021

Federal Reserve Bank President: Bitcoin is a Store of Value

President of the Federal Reserve Bank of Dallas Robert Kaplan made some positive comments about Bitcoin (BTC) and central bank digital currencies (CBDCs) at the Texas A&M Bitcoin Conference 2021 hosted by Mays Business School on Friday. Firstly, Kaplan distinguished between what he understood a...

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April 18, 2021

Bitcoin Sheds $10k, as Cryptocurrency Market Bleeds

The cryptocurrency industry has come under severe selling pressure, as the cryptocurrency market cap plunged by over $200 billion (10.4%) to $2.03 trillion in a few hours. Reports show that a selloff in Bitcoin (BTC) was responsible for the broader market plunge. The benchmark cryptocurrency fell b...

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April 15, 2021

Bitcoin Sheds 5 Percent Following Coinbase IPO

Crypto investors got a shocker from Wednesday’s market price action, following the listing of Coinbase (NASDAQ: COIN) on the Nasdaq. Bitcoin (BTC) suffered a 5% intraday decline, likely because capital moved out of Bitcoin and into COIN or the classic sell the news event played out. BTC bulls...

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April 14, 2021

Bitcoin (BTC/USD) at Last Breaks out the Key Resistance of $60,000 Level

Bitcoin Price Prediction – April 14The BTC/USD long-resistant trading line at $60,000 has finally broken northward while the crypto’s value is appreciated against the purchasing worth of the USD counter currency. BTC/USD Market Key Levels:Resistance levels: $65,000, $70,000, $75,000Support levels: ...

#BITCOIN #BTC/USD #Technical Analysis