Bitcoin 

Bitcoin Price Tackles $9.5K as Analysts Spot Potential Breakout Signal

Bitcoin price (BTC) was challenging $9,500 on Oct. 29 as the largest cryptocurrency preserved its higher levels after a bullish breakout over the weekend. Cryptocurrency market daily overview. Source: Coin360 Analyst: Bitcoin suggests further upside on the cards Data from Coin360 showed BTC/USD repeatedly attempt a fresh push past $9,500 on Tuesday. The level seemed difficult to crack, however, with each break towards $9,600 met with rejection.  At press time, Bitcoin was circling $9,430, volatility remaining after a sudden drop to $9,200 earlier in the day.  Bitcoin seven-day price chart.…

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Bitcoin 

Ethereum, Dogecoin Signal First Bullish Trend Reversal in 2 Years

When the Binance ban for users in the United States was first announced a few months ago, the market feared that significant volume and money would exit.  Interestingly enough, days after the proposed U.S. ban news came out about the launch of Binance America, altcoins suddenly started to move upwards with decent volume. Sell the rumor, buy the news. Cryptocurrency market 7-day performance. Source: Coin360 It’s not only Ether (ETH) making significant gains upwards after bouncing from $170 either.  Other altcoins are also currently outperforming Bitcoin (BTC). Stellar Lumens (XLM)…

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Bitcoin 

Cryptocurrency Price Trends Could Signal End of Bear Market, Says Binance Research

Bitcoin (BTC) prices and altcoin prices could have already hit their lowest point, new analysis from cryptocurrency exchange Binance concluded on April 11. In the latest edition of its research bulletins, the exchange’s dedicated analytics arm, Binance Research, investigated various current phenomena and trends within cryptocurrency markets. Among them was correlation between Bitcoin and altcoin prices, data from 2014-2019 confirming that the 90 days to mid-March represented the longest period of high correlation in market history. According to historical behavior, such periods tend to trigger trend reversals. The 90 days…

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Bitcoin 

Tom Lee’s Bitcoin Misery Index Hits Highest Value Since 2016 in Possible Bull Signal

Wall Street strategist and co-founder of Fundstrat Global Advisors Thomas Lee revealed on April 11 that his “Bitcoin Misery Index” (BMI) recently hit its highest figure since June 2016. He suggested the data could be a good or a bad sign. The BMI — which Lee designed with the aim of informing investors of how “miserable” Bitcoin (BTC) holders are based on the coin’s price and volatility — reportedly hit a value of 89 on April 2. The Index assigns a value of 100 to positive sentiment and 0 to…

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