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3232Bitcoin Technical Analysis: First Drawdown of Over 25% in 14 Months
https://www.digit.info/bitcoin-technical-analysis-first-drawdown-of-over-25-in-14-months/
Fri, 05 Jul 2024 11:42:48 +0000https://www.digit.info/2024/07/05/bitcoin-technical-analysis-first-drawdown-of-over-25-in-14-months/Read more]]>Bitcoin’s market activity on July 5, 2024, has been marked by a persistent downtrend across various time frames, with the price currently at $55,338. Over the past 24 hours, Bitcoin’s price has ranged between $53,550 and $58,673, with a market capitalization of $1.08 trillion and a 24-hour trade volume of $54 billion. Bitcoin Bitcoin’s 1-hour […]
]]>Bitcoin Technical Analysis: Inverse Head and Shoulders Pattern Suggests Bullish Reversal
https://www.digit.info/bitcoin-technical-analysis-inverse-head-and-shoulders-pattern-suggests-bullish-reversal/
Wed, 26 Jun 2024 12:21:59 +0000https://www.digit.info/2024/06/26/bitcoin-technical-analysis-inverse-head-and-shoulders-pattern-suggests-bullish-reversal/Read more]]>On Wednesday, via the 1-hour chart, bitcoin is forming a potential inverse head and shoulders pattern around the $61,500 level. If confirmed by a breakout above $62,000, this could signal a bullish reversal. Additionally, the 4-hour chart reveals a descending channel from $65,144 to $58,456, where a breakout above the channel’s upper boundary near $62,000 […]
]]>Sentimental of Easter: BTC Resurrects Following Midday Dump, Price of Bitcoin Returns to $7,000
https://www.digit.info/sentimental-of-easter-btc-resurrects-following-midday-dump-price-of-bitcoin-returns-to-7000/
Mon, 02 Apr 2018 02:06:39 +0000https://www.digit.info/2018/04/02/sentimental-of-easter-btc-resurrects-following-midday-dump-price-of-bitcoin-returns-to-7000/Read more]]>With each coming day, the price of Bitcoin edges nearer and nearer to 2018 lows of just above US$6,000 achieved in early February. In the last days of March, Bitcoin saw yet another tumble, as the price saw an extended stay below $7,000, the longest period of time throughout 2018 spent in the 6k range. While April Fool’s Day saw a slew of comical and tacky crypto-pranks alike, Bitcoin’s April 1 dip was no joke. After starting out Easter Sunday pegged at US$7,000, BTC continually bled, until it fell to a midday low of $6,500, a drop of over 7%.
Bitcoin’s market activity on July 5, 2024, has been marked by a persistent downtrend across various time frames, with the price currently at $55,338. Over the past 24 hours, Bitcoin’s price has ranged between $53,550 and $58,673, with a market capitalization of $1.08 trillion and a 24-hour trade volume of $54 billion. Bitcoin Bitcoin’s 1-hour […]
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On Wednesday, via the 1-hour chart, bitcoin is forming a potential inverse head and shoulders pattern around the $61,500 level. If confirmed by a breakout above $62,000, this could signal a bullish reversal. Additionally, the 4-hour chart reveals a descending channel from $65,144 to $58,456, where a breakout above the channel’s upper boundary near $62,000 […]
]]>
With each coming day, the price of Bitcoin edges nearer and nearer to 2018 lows of just above US$6,000 achieved in early February. In the last days of March, Bitcoin saw yet another tumble, as the price saw an extended stay below $7,000, the longest period of time throughout 2018 spent in the 6k range. While April Fool’s Day saw a slew of comical and tacky crypto-pranks alike, Bitcoin’s April 1 dip was no joke. After starting out Easter Sunday pegged at US$7,000, BTC continually bled, until it fell to a midday low of $6,500, a drop of over 7%.