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Bitcoin Price Recovery Remains Capped, Why 100 SMA Is The Key

[Nov 22, 2022 8:22 PM] Bitcoin price started an upside correction from $15,500. BTC is now facing a strong resistance near the $16,300 zone and the 100 hourly SMA. Bitcoin found support near $15,500 and started an upside correction. The price is trading below $16,300 and…

These Bitcoin Metrics Signal A Capitulation Event Is Near

[Nov 22, 2022 3:27 AM] Several metrics currently suggest that the Bitcoin price is finally finding its bottom after another capitulation event, possibly triggered by the Genesis/ DCG/ Grayscale saga. This final miner capitulation may be imminent as miners are selling…

Bitcoin Price Trend Overwhelmingly Negative, Bears Target $13K

[Nov 21, 2022 9:07 PM] Bitcoin price extended losses and retested the $15,800 support. BTC could continue to move down towards the $15,000 and $14,000 levels. Bitcoin started a fresh decline below the $16,000 and $15,800 levels. The price is trading below $16,400 and the…

Bitcoin Recovery Only Temporary As All Roads Lead To $15,000

[Nov 21, 2022 11:00 AM] Bitcoin recovered above $16,000 in the early hours of Monday after hitting $15,600 on Sunday. With the continued trend above $16,000, it is starting to look like the digital asset is finally on a path to recovery but this is not the case. The…

Bitcoin Slips Below $16k As Older Whales Show Signs Of Dumping

[Nov 21, 2022 10:00 AM] On-chain data shows signs of dumping from the Bitcoin whales as the price of the crypto dips below $16k. Bitcoin Exchange Inflow CDD Has Spiked Up In Recent Days As pointed out by an analyst in a CryptoQuant post, a large amount of dormant coins…

Bitcoin Price Grinds Lower, Why The Bears Are Not Done Yet

[Nov 20, 2022 8:24 PM] Bitcoin price is slowly moving lower towards $15,500. BTC remains at a risk of more losses unless it settles above the $17,000 resistance zone. Bitcoin started a fresh decline below the $16,500 and $16,400 levels. The price is trading below $16,500…

Tim Draper Stands By $250,000 Bitcoin Prediction, Here’s Why

[Nov 18, 2022 5:00 PM] Venture capitalist Tim Draper continues to show staunch support for bitcoin even during this time. Draper who has been an evangelist for bitcoin has said multiple times that he expects the digital asset to hit six figures, and once again, he has…

Bitcoin Bearish Signal: 130k BTC Just Flowed Into Binance

[Nov 18, 2022 10:00 AM] On-chain data shows the crypto exchange Binance has just received Bitcoin inflows of 130k BTC, a sign that may be bearish for the price of the crypto. Binance’s Bitcoin Exchange Reserve Has Sharply Spiked Up Over Past Day As pointed out by an…

Grayscale Liquidation Could Unleash A Bitcoin Armageddon

[Nov 18, 2022 1:42 AM] The FTX Contagion effects do not even stop at the largest institutional Bitcoin product on the market, the Grayscale Bitcoin Trust (GBTC). As a result of the bankruptcy of Sam Bankman-Fried’s crypto exchange, the discount to the NAV of…

Bitcoin Price Prediction: Is the Recovery Just Getting Started?

[Nov 17, 2022 9:06 PM] Bitcoin price is slowly moving higher above the $16,750 resistance zone. BTC could gain bullish momentum if it settles above the $17,000 resistance zone. Bitcoin is slowly gaining pace from the $16,350 and $16,000 support levels. The price is…