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Prices

Bitcoin Price Dips to $9.6K as Bear Cross Looms

View BTC quickly fell to $9,600 this morning, bolstering the bearish setup on the 4-hour and daily charts. A deeper drop to key support at $9,454 may now be in the offing. A UTC close below $9,450 would confirm a downside break of a three-month-long contracting triangle and expose the 200-day moving average (MA) support …

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Bitcoin May Be Building for Move as Price Volatility Nears 5-Month Low

View Bitcoin’s price volatility, as represented by Bollinger bandwidth, has hit the lowest level since May 3. The gauge is closing on a level seen ahead of violent price swings in the past. Technical charts are increasingly favoring a downside move. Bitcoin’s non-price metrics continue to call a bullish move, which, so far, has remained …

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Will Bitcoin’s Price Rally After Federal Reserve Rate Cut?

View Bitcoin has dived out of a narrowing price range and may see a deeper drop if key trendline support near $10,120 is breached. Acceptance below $10,120 would expose the recent low of $9,855. Some notable observers believe the decline may be reversed following Wednesday’s Federal Reserve rate cut, although historical data suggests otherwise. On …

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Bitcoin Price Indicator May Signal Next Leg Higher

History looks to be repeating itself in the bitcoin market, as a key indicator’s bullish turn could mark the beginning of the next meteoric price rally. The world’s most valuable cryptocurrency’s price action seen over the last eight months is very similar to the moves seen in 2015, according to Bitstamp data. For instance, the …

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Bitcoin Eyes Move to $10,950 Hurdle After Price Breakout

View The 4-hour chart is reporting a bullish breakout. As a result, bitcoin could challenge key resistance at $10,956 in the next few days. Daily chart indicators also indicate scope for a retest of recent highs. A UTC close above $10,956 (Aug. 20 high) would activate twin bullish cues and open the door to $12,000. …

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History Favors the Bulls as Bitcoin Trades Sideways at $10K

View Bitcoin’s long-term bullish bias remains intact, with prices holding well above the historically strong support of the three-day chart’s 55-candle exponential moving average (EMA), currently at $8,972. The line served as a strong base in the 2016–2017 bull market. A bullish falling-wedge breakout on the 4-hour chart looks likely and could pave the way …

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Bear Trap? Bitcoin Price Dips Below $10K on Low Volumes

View Bitcoin’s drop from $10,949 to $9,855 (Wednesday low) may be a bear trap, as selling volumes have dropped throughout the price pullback. A widely-tracked 4-hour chart indicator is reporting a bullish divergence and the daily candlesticks are signaling seller exhaustion. BTC could rise above $10,270, confirming a falling wedge breakout on the 4-hour chart. …

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Bitcoin Price Faces Drop to Support Levels Below $10K

View Bitcoin risks falling below $10,000 this week, having confirmed a high-volume bearish reversal on the daily chart on Friday. A break below $10,000 would expose key support levels lined up at $9,755 and $9,320. The bearish case would weaken if the cryptocurrency rises above $10,350 today, confirming a wedge breakout on the hourly chart. …

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Trump’s Trade War May Be Driving Chinese Investors to Bitcoin

As the Chinese yuan falls in value due to factors like the ongoing trade war with the U.S., there are signs that locals are increasingly moving funds into bitcoin. According to a Bloomberg analysis of prices over 30 days, the negative correlation between the yuan and bitcoin has fallen to a record low in the …

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Bitcoin Price May Break Longest Weekly Losing Run Since November

View Bitcoin is likely to end the current week (Sunday, UTC) on a positive note, having registered losses in the previous three weeks. Prices are currently up 10 percent on a month-to-date basis. The weekly gain could be much bigger if prices invalidate a bearish lower highs pattern with a UTC close above $10,956 (Aug. …

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