Bitcoin Makes Weekly Close Above $50k Level, This is the Next Price Target to Watch: BTC Price Analysis

After 2 weeks of consolidation, Bitcoin managed to make a weekly close above the critical $50k level, marking another step forward in bull market continuation validation. This is now the fourth consecutive weekly close above the 21-week, 40-week, and 200-day moving average, 3 major levels that have been successfully reclaimed in order to re-enter bull […]

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Analyst on Bitcoin: I’ll be watching to see if…

With Bitcoin rallying up to over $45.7k at the time of writing, hitting its highest levels since mid-May, the crypto community is experiencing a bullish wave. Even the U.S. Infrastructure Bill that seeks to heavily tax cryptocurrency usage, hasn’t been able to deter this upward trajectory. This bullish sentiment was also reflected in the analysis by various […]

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Fear & Greed Index Recovers After Predicting Market Bounce

The cryptocurrency market is recovering slightly after the main market sentiment indicator hit yearlong lows. The Fear & Greed market index measures the overall sentiment of market participants and other sources. Previously, we noted that the index hit year-low values, which is usually a good indicator for the market since the following bounce comes immediately after. After the recent price drop of Bitcoin […]

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What Changed in Crypto Markets While You Were Sleeping — May 24

Bitcoin update Last week, BTC created another bearish candlestick. The decrease took it to the $30,000 support area that was created in January 2021.  The price has recovered slightly since and is attempting to reclaim the $34,300 area. This is the 0.5 Fib retracement level of the entire previous upward movement. It has yet to reach a […]

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Rejecting traditional finance, some firms now turn to DeFi for growth capital

Despite the current market correction, the cryptocurrency and decentralized finance (DeFi) industry has seen exponential growth over the past year, and a number of crypto-native companies like Hong Kong-based Alameda Research and Amber Group are now turning to DeFi for capital to grow their business. The total value locked in DeFi protocols on Ethereum — which hosts the vast majority […]

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Bitcoin Price Tumbles Below $39K as Correction Hits 40%

Bitcoin prices have dumped to their lowest level since early February as more selling pressure has mounted up after increased inflow to exchanges. Wednesday’s Asian trading session has seen Bitcoin prices tumble below $40,000 for the first time since February 6. The asset dropped to a low of just below $39,000 a couple of hours […]

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