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Bitcoin (BTC) has finally reached the significant price point of $60K after weeks of consolidation. While investors initially celebrated this milestone, the overall crypto market remains shrouded in negative sentiment, as evidenced by various data points.…
Month: September 2024
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Traders often look for technical patterns that signal potential reversals in market trends. One such pattern, the double bottom, can indicate a transition from a downtrend to an uptrend. By understanding the characteristics and formation of…
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The negative trend for Bitcoin and altcoins has continued for seven days. BTC has fallen to $53,000 and is currently trading between $54,000 and $55,000. Bitcoin’s situation has worsened due to the lack of positive catalysts…
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September has proven to be a challenging month for the crypto market and Bitcoin (BTC). Contrary to predictions of a surge to $60,000, BTC has experienced a significant price drop, reaching a low of $53,000. Currently,…
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The double top is one of the most important chart patterns for traders. It can be used to take profit or as an entry point to place a short position. Essentially, it is a pattern that…
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Bitcoin and the altcoins have returned to the red zone at the start of this week. Despite breaking through the $61,500 resistance, BTC has shed over 10% in the past seven days, trading around $57,850. With…
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Historically, Bitcoin (BTC) has frequently closed August in the red, causing significant concern among crypto investors and prompting questions about potential catalysts for price growth. The key question remains: could September be a month of positive…