Bitcoin Price Plunge to $3,700 Expected, Say Traders; Retreat is a Blessing For Crypto

Following a rapid surge in the Bitcoin price from $ 3,614 to $ 4,000 within a span of three days, traders are expecting BTC to retrace by around 7 percent to $ 3,700. The cautious projection on the price trend of the dominant crypto asset comes after the failure of BTC to climb beyond the crucial $ 4,000 resistance level. On February 19, BTC achieved $ 4,000 across major crypto exchanges including Bitstamp and Binance. Shortly thereafter, it fell to the low $ 3,900 region and today, below the $ 3,900 level. What does Will Bitcoin Pullback mean For the Rest of the Crypto Market? The price

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Here’s Why the Bitcoin Price Has Crypto Traders Railing at Bart Simpson

Bitcoin’s recent price movements have crypto traders everywhere railing at Bart Simpson for roiling the market. Below, we’ll explain why, but first, let’s take a look at the flagship cryptocurrency’s movements today. Bitcoin Price Trades Sideways Bitcoin price action has not changed much since our previous analysis. The digital currency continues to trend inside a narrow channel. Whether or not this channel is a bull flag cannot be determined just yet. The only positive thing in the current trend is bitcoin’s ability to hold onto gains it made during February 8’s impressive bull run. As of Thursday afternoon, the bitcoin-to-dollar rate

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Coinbase Stops Holding Bitcoin SV Hostage, Will Traders Dump Craig Wright’s Crypto?

In a note to users today, Coinbase announced that it has finally made Bitcoin SV balances available for withdrawal. Users have been complaining for months about their Bitcoin SV, which peaked shortly after launch at over $ 200. It has since then been in steady decline, and the announcement by both Coinbase and Waves Platform today that BSV balances will be made available might stimulate a dumping frenzy on the coin. Coinbase Allows Crypto Traders to Claim Bitcoin SV The note reads, in part: “The competing chain, known as Bitcoin SV, resulted in a forked coin now commonly referred to as

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Traders Who Shorted Bitcoin From All-Time High $20,000 are Cashing Out: Is The Bottom is Near?

In the past two months, several traders who shorted Bitcoin from its all-time high at $ 20,000 have started to cash out in the $ 3,000 to $ 4,000 range. On February 12, a cryptocurrency trader with an online alias “Cryptofungus” revealed that he had closed a year-long Bitcoin short contract. The trader shorted the dominant cryptocurrency since $ 19,665.39. At the time of reporting, the price of BTC remains just above $ 3,500. closing my $ BTC short from 19,665.39 here — Cryptofungus (@crypt0fungus) February 11, 2019 The closure of the trader’s Bitcoin short follows the publicized cash out of former International Monetary Fund (IMF)

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Bitcoin Bottom In? What Crypto Traders Expect After $10 Billion Surge Overnight

On February 8, the crypto market experienced a strong $ 10 billion recovery from $ 111 billion to $ 121 billion, breaking out of a three-week stalemate. With an overnight price movement, the crypto market nearly fully recovered to January levels at around $ 130 billion. Several major crypto assets in the likes of Litecoin (LTC) and EOS (EOS) recorded gains in the 15 to 20 percent range against the U.S. dollar. Bitcoin surged by 11 percent from $ 3,337 to $ 3,711. Although the dominant cryptocurrency slightly retraced to $ 3,616, it has shown strong momentum in the past 24 hours. Traders Foresee Bullish Movement For

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Traders: Bitcoin Trend Looking Ugly, Why a Slow Drop Below $3,000 is Expected

In the last 24 hours, the crypto market has slightly declined by $ 2 billion in valuation as the Bitcoin price fell by one percent. The decline in the value of major crypto assets in the likes of Ripple (XRP) and Ethereum (ETH) which recorded drops in the range of three to five percent prevented the market from continue recovering. From January 30 to January 31, the crypto market seemed to be rebounding as its valuation rose from $ 111 billion to $ 115 billion. But, in the past 12 hours, the valuation fell back to $ 112 billion, unable to sustain its momentum.

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