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Bitcoin rate falls – “smart money” complete purchases

The past week has been the toughest since November’s FTX crash, with Bitcoin falling over 10%. According to the Cryptocurrency Screener Cryptovizorwhich determines the price of BTC/USD based on the results of trading on spot exchanges, the lower point of the fall corresponded to $27,045, while the week closed with a bearish engulfing candlestick pattern. Bitcoin weekly chart. Source: Cryptovizor The collapse of the bitcoin rate and the bearish pattern did not embarrass the head of the Eight trading firm, Michael van de Poppe. It follows the following scenario: $26,600, then $28,800, and then $25,000. Although at $28,800, the market

Bitcoin Price Relatively Muted, Risk of More Downsides Still Exist

Bitcoin price is struggling to climb above $29,500. BTC remains at risk of more downsides if there is a close below the $28,800 support. Bitcoin is still struggling to gain pace above the $29,500 pivot level. The price is trading below $29,200 and the 100 hourly Simple moving average. There…

August 7, 2023

In "analysis"

Bitcoin Price Could Stage Steady Increase If It Clears This Hurdle

Bitcoin price is still facing strong resistance near $29,500. BTC is slowly moving higher and might start a steady increase above $29,500. Bitcoin is moving higher toward the $29,500 pivot level. The price is trading above $29,000 and the 100 hourly Simple moving average. There was a break above a…

August 8, 2023

In "analysis"

Bitcoin Price Faces Hurdle And Remains At Risk of Additional Losses

Bitcoin price is correcting losses from the $27,660 zone. BTC is now facing strong resistance near the $28,800 and $29,000 levels. Bitcoin is attempting a fresh increase above the $28,500 resistance zone. The price is trading below $28,800 and the 100 hourly Simple moving average. There is a connecting bullish…

May 3, 2023

In "analysis"

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kryptonew

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Bitcoin rate falls – “smart money” complete purchases

Related

Bitcoin Price Relatively Muted, Risk of More Downsides Still Exist

Bitcoin Price Could Stage Steady Increase If It Clears This Hurdle

Bitcoin Price Faces Hurdle And Remains At Risk of Additional Losses

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