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Market Analysis

Market Analysis Sep 2nd, 2024: August Ends with a Downtrend for Bitcoin

Reading Time: 5 minutes 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…
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Market Analysis

Market Analysis Aug 26th, 2024: BTC Struggles to Break 50-Day MA Resistance

Reading Time: 5 minutes Bitcoin (BTC) was finally able to break its important level of $61K by rising to $64K. However, to close the month of August positively, BTC still faces two important technical levels. Check out the full analysis…
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Market Analysis

Market Analysis Aug 19th, 2024: Bitcoin Remains Trapped Below $61K as Market Stagnates

Reading Time: 5 minutes It’s a festive week in Indonesia as the country just celebrated its 79th Independence Day, but unfortunately, the mood in the crypto industry is far from celebratory, with the market remaining in a slump. However, mounting…
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Market Analysis

Market Analysis Aug 12th, 2024: BTC’s price is still below the $61,000 mark.

Reading Time: 6 minutes Despite the tumultuous price swings in early August, which saw Bitcoin (BTC) plummet to $49K, the crypto market has shown resilience. This rebound has ignited renewed optimism among investors, suggesting a potential bullish trend. However, it’s…
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Market Analysis

Market Analysis Aug 5th, 2024: Bitcoin Plunged in the First Week of August

Reading Time: 6 minutes Bitcoin (BTC) started the first week of August 2024 with a significant price drop after closing the month of July with a positive increase. This decline was caused by various factors such as the weak US…
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Market Analysis

Market Analysis Jul 29th, 2024: ETF ETH Boost Confidence in Bitcoin

Reading Time: 6 minutes The recent launch of Ethereum Exchange-Traded Funds (ETFs) on July 23 has infused a new optimism into the cryptocurrency market. Generating over $1 billion in trading volume on their first day, these ETFs mark a significant…
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Market Analysis

Market Analysis Jul 22nd, 2024: Bitcoin on Track for Strong July Finish!

Reading Time: 7 minutes Crypto investors had a reason to smile last week as Bitcoin (BTC) prices returned to the $67K range. The increase in BTC price was driven by the positive inflows of BTC ETFs for 11 consecutive days.…
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Market Analysis

Market Analysis Jul 15th, 2024: Bitcoin Battles Resistance at Key 200-Day Moving Average

Reading Time: 6 minutes The world was shocked by the events experienced by US Presidential Candidate Donald Trump during a campaign in Milwaukee, where Trump’s ear was injured by a bullet. Surprisingly, this event had a positive impact on the…
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Market Analysis

Market Analysis Jul 8th, 2024: Bitcoin Price Plunges Amidst Rising Market Fear

Reading Time: 6 minutes Hitting its lowest point since February at $55,000, Bitcoin’s price faces headwinds from the Fed’s reluctance to cut rates, declining ETF inflows in the US, and recent actions by Mt. Gox and the German government. Check…
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Market Analysis

Market Analysis Jul 1st, 2024: BTC is in a consolidation phase

Reading Time: 6 minutes Bitcoin (BTC) has been quite dull throughout June 2024, dominated by bearish sentiment. However, this phase can actually be quite positive for investors who want to continue building their BTC portfolio. Technically, BTC still appears bearish…
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Market Analysis

Market Analysis Jun 24th, 2024: Bitcoin is testing support at $64,000

Reading Time: 7 minutes Following the Federal Reserve’s (Fed’s) decision to halt interest rate cuts and the German government’s $325 million BTC sell-off, which contributed to BTC prices hovering around $64,000, the crypto market continued to come under immense pressure…
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Market Analysis

Market Analysis Jun 18th, 2024: Bitcoin Faces Resistance at $68,500

Reading Time: 6 minutes The Federal Open Market Committee’s (FOMC) decision to hold interest rates steady sent shockwaves through the crypto market. Bitcoin (BTC) plummeted to $66K, dashing investor hopes for a rate cut that would have boosted the entire…
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Market Analysis

Market Analysis Jun 10th, 2024: Bullish Market Could Send Bitcoin Skyrocketing 45%!

Reading Time: 6 minutes Bitcoin (BTC) surged to $71,000 again on June 5, fueled by the highest inflow of US spot Bitcoin ETF funds since March 2024, reaching $880 million. Overall, the crypto market sentiment remains bullish, with investors anticipating…
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Market Analysis

Market Analysis Jun 3rd, 2024: $69,000 is a Key Support Level for BTC

Reading Time: 6 minutes After experiencing a decline in April, Bitcoin (BTC) closed May with a notable monthly gain of 10.69%. A significant driver of this positive trend was the launch of the Ethereum (ETH) Exchange-Traded Fund (ETF). But what…
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Market Analysis

Market Analysis May 27th, 2024: Ethereum ETF Gets SEC Nod: ETH and BTC Prices Climb

Reading Time: 6 minutes Last week, the crypto market was taken by surprise when the U.S. Securities and Exchange Commission (SEC) approved an ETH (Ethereum) Exchange-Traded Fund (ETF). This approval led to a significant increase in the price of ETH,…