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Bitcoin Downside Thrust Possible Before Key Reversal 12/27/2019 06:00 Bitcoin price spiked towards $7,400, but it failed to retain strength against the US Dollar. The bulls need to protect the $7,120 and $7,000 support levels in the near term. There is a major bearish trend line active with resistance near $7,360 on the hourly chart of the BTC/USD pair (data feed from Kraken). The... The post Bitcoin Downside Thrust Possible Before Key Reversal appeared first on NewsBTC. Bitcoin & Crypto Market Could Rise Again: BNB, BCH, LTC, EOS Analysis 12/27/2019 04:28 The total crypto market cap is holding the key $182.0B and $180.0B support levels. Bitcoin price is trading above the $7,200 support and it could start a fresh increase. Litecoin (LTC) price is slowly rising and it might test the $41.20 resistance. BCH price is up 4% and it is moving higher towards the $200... The post Bitcoin & Crypto Market Could Rise Again: BNB, BCH, LTC, EOS Analysis appeared first on NewsBTC. Ethereum at Potentially Key Turning Point, Bitcoin Holding $7K 12/27/2019 03:58 Ethereum is still trading above the $122 and $125 support levels against the US Dollar. The price could start a decent increase above the $128 and $130 resistance levels. This week's major bearish trend line was breached with resistance near $126 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin spiked above $7,300,... The post Ethereum at Potentially Key Turning Point, Bitcoin Holding $7K appeared first on NewsBTC. Bitcoin Rejected at $7,500; A Much Larger Drop Could Be Imminent 12/27/2019 01:00 Bitcoin has incurred multiple bouts of bullishness over the past several days and weeks, with each rally resulting in a strong rejection that leads the cryptocurrency to fully retrace its gains. This pattern occurred again today, when BTC surged to highs of nearly $7,500 before incurring a strong and swift rejection. This rejection may have... The post Bitcoin Rejected at $7,500; A Much Larger Drop Could Be Imminent appeared first on NewsBTC. Bitcoin Outlives Tulip, Dotcom, and Every Notorious Market Bubble 12/27/2019 00:10 Just over a year ago, the price of bitcoin registered an average low of $3,120 across many regulated and unregulated cryptocurrency exchanges. A year before that, the asset was trading at its Everest value of $20,000. The 84 percent decline in the "revolutionary" financial asset allowed Bloomberg to reiterate that bitcoin, indeed, was a bubble.... The post Bitcoin Outlives Tulip, Dotcom, and Every Notorious Market Bubble appeared first on NewsBTC. Options Market is Losing Confidence in Bitcoin; This Could Spell Trouble for 2020 12/26/2019 23:00 Bitcoin (BTC) has been able to incur some tempered bullishness today after a multi-day period of hovering around its support at $7,200. Today's slight gains have come about in the face of a strong down trend, however, which could mean that these gains will ultimately prove to be fleeting and followed by further downside. One... The post Options Market is Losing Confidence in Bitcoin; This Could Spell Trouble for 2020 appeared first on NewsBTC. Math Shows That 2020 Could Be a Great Year for Ethereum Bulls; Here's Why 12/26/2019 21:00 Ethereum's price action has been fully exposed to Bitcoin's recent bearishness over the past several days and weeks, struggling to garner any independent upwards momentum. This price action has led ETH to remain stuck beneath $130, which appears to have become a resistance level for the cryptocurrency. In spite of its overt bearishness, one analyst... The post Math Shows That 2020 Could Be a Great Year for Ethereum Bulls; Here's Why appeared first on NewsBTC. Analysis Which Called Bitcoin's Drop to $6,000s Says 40% Rally Ahead 12/26/2019 20:00 Earlier this year, in late-September, prominent Bitcoin analyst FilbFilb posted this chart below, showing that he expects for BTC to jump by dozens of percent to near $10,000, then collapse to the low-$6,000s to interact with the "miners bottom range." While some laughed this off as pure bearish sentiment at the time, FilbFilb's prediction was... The post Analysis Which Called Bitcoin's Drop to $6,000s Says 40% Rally Ahead appeared first on NewsBTC. Early Bitcoin Adopter Throws Cold Water On Halving Narrative; Here's Why 12/26/2019 18:47 As NewsBTC has covered over the past few weeks, a debate has erupted around Bitcoin's impending block reward reduction. Informally known as the "halving" or the "halvening," every four years the number of BTC issued per block (every 10 minutes or so) gets cut in half, resulting in a negative supply shock on the market.... The post Early Bitcoin Adopter Throws Cold Water On Halving Narrative; Here's Why appeared first on NewsBTC. Is the Bitcoin Halving Priced In? No Way, and Here's Why 12/26/2019 17:50 In less than six months' time, Bitcoin will see an extremely important event. Known as a "halving" or "halvening" — depending on who you ask — the number of BTC issued per block (every 10 minutes or so) will get cut in half from 12.5 to 6.25, effectively meaning that BTC's inflation rate will be... The post Is the Bitcoin Halving Priced In? No Way, and Here's Why appeared first on NewsBTC. Update your subscription — Unsubscribe

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