Bitcoin is at the pivotal 50-day SMA support and a drop below this level could result in accelerated selling in BTC and altcoins.
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Bitcoin is at the pivotal 50-day SMA support and a drop below this level could result in accelerated selling in BTC and altcoins.
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Bitcoin bulls have failed to step in, increasing the chance for a retest of the $29,500 support.
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The weakness in the U.S. dollar index bodes well for Bitcoin and the altcoins in the near term.
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The bulls are trying to nudge Bitcoin above the critical resistance of $31,000, which may start a broad-based crypto rally.
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An onslaught of Bitcoin ETF applications could help BTC price find long-lasting support at the $30,000 level.
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The strength in the S&P 500 and weakness in the U.S. Dollar Index could limit the short-term downside in Bitcoin and select altcoins.
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Cointelegraph analyst and writer Marcel Pechman explains why the cryptocurrency market has been falling behind the stock market after the Fed’s hawkish stance.
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Market observers will closely watch the United States CPI data and the Fed’s policy decision to provide direction to the stock and crypto market.
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Bitcoin and several altcoins took a beating on reports that the SEC filed a suit against Binance in the United States District Court.
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The news of a tentative debt ceiling deal bolstered Bitcoin’s price above $28,000, but higher levels continue to attract selling from the bears.
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