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Bitcoin Making Little Headway as Resistance Caps Price Gains

View Bitcoin is struggling to cross the 50-day moving average hurdle for the fifth straight day. The repeated failure at that key hurdle has neutralized the bullish outlook put forward by Friday’s falling wedge breakout. A convincing move…
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Bitcoin Price Still Trading Flat While Litecoin Hits 7-Month High

View The immediate outlook for bitcoin will remain bearish while prices are held below the 6-hour chart 50-candle moving average, currently at $3,417. Litecoin’s BTC-denominated exchange rate (LTC/BTC) clocked seven-month highs earlier today.…
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Little Relief in Sight as Bitcoin Price Closes at 7.5-Week Low

View Bitcoin suffered its lowest UTC close in over seven weeks on Wednesday, reinforcing the bearish view put forward by the rejection at the 50-candle moving average (MA) on the 6-hour chart yesterday. The close at multi-week lows also dashed…
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Bitcoin Price Volatility is Down 98% Year-on-Year

Bitcoin price volatility has crashed in the last 12 months as the bear market killed off the speculative frenzy. The daily volatility, as represented by the spread between the price high and price low, stood at $61 yesterday – down a staggering…
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The Case for a 2020 Bitcoin Bull Run

Christopher Brookins is the founder of Pugilist Ventures, a quantitative crypto fund founded out of Carnegie Mellon. ———————————————————————————————— Since the end of 2018, price…
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Bitcoin Price Suffers Worst Monthly Losing Streak in 7 Years

Bitcoin (BTC) chalked up its longest monthly losing streak in seven years in December. The leading cryptocurrency by market value closed at $3,689 on Dec. 31, representing a 13 percent drop from the monthly opening price of $4,241. That was…
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Bitcoin’s Path to $5K Faces a Major Hurdle

Bitcoin’s ongoing recovery rally faces a major obstacle that could impede progress towards $5,000, according to the technical charts. The leading cryptocurrency by market capitalization jumped to a two-week high of $4,108 earlier today, validating…
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Bitcoin Price Consolidates Sub-$3.5K With Bulls and Bears in Stalemate

Bitcoin (BTC) is consolidating below $3,500 for the third day straight. The challenge now is to gauge whether the bulls or the bears will win out in the coming days. As discussed yesterday, the leading cryptocurrency could soon see a corrective…
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Bitcoin Price Charts Indicate Glimmer of Hope for Corrective Rally

Bitcoin’s (BTC) struggle to build a notable bounce could end if prices beat key resistance above $3,600. The leading cryptocurrency by market value fell to 15-month lows near $3,200 last week, pushing the 14-week relative strength index (RSI)…
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Bitcoin Still on Defensive But Price Rally Possible Over $3.9K

Bitcoin (BTC) remains on the defensive despite a 4-percent recovery from nine-day lows today, but bearish pressure may weaken if prices rise above key resistance near $3,900. The world’s largest cryptocurrency by market capitalization fell…