Will Valentine’s Day End in Heartbreak for Bitcoin Bulls?

The cryptocurrency market held above $ 120 billion heading into Thursday evening, but could Bitcoin be setting up investors for a post-Valentine’s Day heartbreak? Bitcoin and the rest of the top 5 cryptocurrencies had a pretty boring 24-hour period. The notable moves happened at the opposite end of the market cap spectrum, with Steem gaining 3% and NEM, 2%. Of the top 10 non-stablecoins, only Bitcoin Cash saw any positive movement, with a less than 0.2% global gain. As we reported earlier today, Bitcoin SV is now available for withdrawal at Coinbase. In a related note, Waves Platform is making Bitcoin

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Bitcoin Bulls Stampede Past $3,700 & Wider Crypto Market Rallies with Them

Everyone knew a breakout was coming. A tight trading pattern lasted for weeks, which is almost always a precursor to big activity, one way or the other. In the case of Bitcoin and most everything else in the crypto market over the past 24-hours, things went very positive. Bears lost their stranglehold on the market and plenty of short positions were likely vaporized. Traders in recent weeks had become accustomed to movements of sometimes less than $ 100 in a whole day. Like as not, plenty of positions were primed for movements of that size. But virtually every market saw Bitcoin

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One Trader is Forecasting Bitcoin Price to Sink Near $2,000 Before the Bulls Take Over

In the last 24 hours, the valuation of the crypto market slightly recovered from $ 100 billion to $ 102 billion while the Bitcoin price declined below $ 3,400. In a span of two days, the price of BTC fell from $ 3,445 to $ 3,377 by around 2 percent against the U.S. dollar. Based on the lack of momentum in the price trend of the dominant cryptocurrency, traders expect the market to face more bloodbath before engaging in a strong recovery. $ 2,000 Before a Big Rebound For Bitcoin According to Murad Mahmudov, the Bitcoin price is likely to drop below the $ 3,000 support level

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Wall Street’s about to Bid Farewell to One of its Biggest Bitcoin Bulls

Serial investor and bitcoin advocate Bill Gross has announced his immediate retirement from active bond investment to manage his own funds. Gross who was dubbed the  “bond king” for his role in active bond-trading almost 50 years ago, achieved fame and notoriety in equal measure for his investment advice to pick bitcoin over central banks. Bill Gross Defended Bitcoin in 2016 Describing central banks as a “casino” in a 2016 investment letter for the Janus Henderson Global Unconstrained Fund, Gross painted a picture of a post-apocalyptic future where existing financial paradigms are overwhelmed and replaced by cryptocurrency. Unsurprisingly, the position

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Why the Bitcoin Price Will Reject the Bulls and Crash Even Lower

While financial forecasters are predicting a bullish 2019 for the bitcoin price, the cryptocurrency first needs to fight strong technical barriers in the near-term. It is becoming difficult for bitcoin bulls to initiate a substantial push towards the $ 3,480-barrier and beyond. At the same time, their presence at the support area above $ 3,371 is stopping the price from further downside action. The situation has led bitcoin to remain rangebound, which is increasing the bearish sentiment in the near-term scenario. On the intraday/weekly level, bitcoin could now pursue another selling action thanks to two pressing issues: lower volatility and volume. Let’s

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