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What Is Bitcoin Dominance and Why Does It Matter?

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August 02, 2024

Bitcoin (BTCUSD) Market Reverses Downward As Price Hits Major Trendline

Bitcoin Price Prediction – August 1 BTC/USD market reverses downward as price hits major trendline. Owing to the previous price actions around the major trendline, a change to a bearish move is likely to ensue. The BTCUSD pair currently shows a bearish trend, as evidenced by the indicators on the c...
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July 27, 2024

Bitcoin (BTC/USD) Market Retraces Amidst Bullish Order Flow

Bitcoin Price Prediction – July 25 BTC/USD market retraces amidst the overall bullish order flow on the daily chart. The retracement emerged after the price hit the diagonal resistance at the premium zone. The Simple Moving Average (SMA) line is positioned below the current price levels, indicating...
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July 13, 2024

Bitcoin (BTC/USD) Market Sets For a Reversal to the Upside

Bitcoin Price Prediction – July 11 BTC/USD market sets for a reversal to the upside as it consolidates above the $56500 major support. Invalidation of the $63800 high will likely change the market’s sentiment, causing a breakout across the major trendline. The Relative Strength Index (RSI) is...
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July 05, 2024

Bitcoin (BTC/USD) Market Approaches a Major Support at $56500

Bitcoin Price Prediction – July 4 BTCUSD market approaches a major support at $56500. The ongoing decline is likely to halt as the market becomes extremely oversold in the discount zone. The Moving Average (MA) Cross indicator with a 9-day and 21-day period indicates a recent bearish crossover. How...
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June 29, 2024

Bitcoin (BTC/USD) Market Sets for Upwards Pullback

Bitcoin Price Prediction – June 27 Bitcoin (BTCUSD) sets for an upward pullback with an accumulation. Technically, after an accumulation, a markup is expected. However, the overall trend remains bearish; this implies that the impending rally might last only for a short time. The 9-day Simple Moving...
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