BTC bulls are holding $20,000, but most traders are confident that the price will remain range-bound for at least six more months.
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BTC bulls are holding $20,000, but most traders are confident that the price will remain range-bound for at least six more months.
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Crypto Jebb and independent market analyst Scott Melker agree that the crypto market’s toughest days still lay ahead.
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BTC price briefly fell below $20,000 and traders warn that the all-important support level could eventually crumble after enduring an increasing number of retests.
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While the license isn’t currently needed for crypto companies in Australia, BTC Markets says it is preparing the exchange for upcoming regulations, which may help it gain other complementary certifications.
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Bitcoin haters are ready to read its obituary, but on-chain data and other indicators suggest the current price range could be a good buy zone.
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All options are on the table for 3AC after this week’s crypto market collapse triggered mass liquidations for the hedge fund.
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Analysts say the entire crypto market is in for a very long consolidation and accumulation period following BTC’s current drop to 2017 highs.
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Traders are taking a hands-off approach to BTC, but a number of price metrics suggest Bitcoin is undervalued even though further downside is expected.
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BTC and altcoins generated nominal gains after the Federal Reserve raised the benchmark interest rate by 0.75%, the largest hike in 28 years.
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BTC’s sell-off is easing slightly, but traders are afraid that negative newsflow and future U.S. interest rate hikes could push the price lower.
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