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Bitcoin RSI Hits Highest Since June 2019 Top, May Signal Bull Market

The latest rally in Bitcoin has caused the Relative Strength Index to reach shocking highs. Such a reading would typically indicate a pullback is due, however, it can also be a signal that the bull market is back in full force. Comparing the…
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How Bitcoin’s Macro RSI Show a Drop Is Coming After 100% Rally

Bitcoin has been on an impressive rally since sustaining a 50% drop in March, rallying from the $3,700 bottom to a local high at $7,470. The move has convinced many traders that the cryptocurrency market is on the verge of entering yet another…
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Analyst: Crypto Market Pullback Imminent But May Not Occur For Months

The crypto market experienced a short and minor correction this past week but appears to be ready to keep chugging right along, with no end to the momentum in sight. In fact, one cryptocurrency analyst says that while there’s no denying that…
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Bitcoin Price Breaks Out of Downtrend, But Gets Rejected at $8700 Resistance

Bitcoin price has been on an absolute tear over the last 24 hours, rallying from lows around $8,000 to as high now as $8700, giving bullish crypto traders confidence that a near-term bottom is in, and more upside could be in the days ahead. However,…
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Bitcoin Price Likely to Drop Towards $6,000 if History Rhymes

After plunging to $6,800 on Friday, Bitcoin (BTC) has been subject to some reprieve; the cryptocurrency now trades at $7,300, up some 8-odd percent from the bottom. While this bounce is somewhat positive for bulls, especially considering the…