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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,…
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Market Analysis

Market Analysis May 20th, 2024: Bitcoin Soars Back Above $67,000

Reading Time: 6 minutes Crypto investors celebrated as Bitcoin (BTC) surged above $67k after weeks of hovering around $60k. The rise was driven by predictions of lower interest rates and positive inflows into the US Bitcoin Spot ETF on May…
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Market Analysis

Market Analysis May 13th, 2024: BTC Price Faces Downward Pressure: Potential Drop to $56K

Reading Time: 5 minutes Over the past three weeks or so, Bitcoin (BTC) has been consistently hovering around the $60,000 price mark. Recently, a Bitcoin ETF began trading in Hong Kong, with a combined inflow of BTC ETF funds totaling…
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Market Analysis

Market Analysis May 6th, 2024: Bitcoin Holds Steady Near $60k

Reading Time: 6 minutes Bitcoin (BTC) has experienced considerable volatility in recent weeks, influenced by a range of negative sentiments including Fear, Uncertainty, and Doubt (FUD) stemming from news about the former Binance CEO CZ receiving a four-month prison sentence,…
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Market Analysis

Market Analysis April 29th, 2024: Bearish Signal for Bitcoin? Empty Spot ETF Inflows Raise Concerns

Reading Time: 7 minutes Despite the recent optimism surrounding Bitcoin, its price has shown little movement after a week since the halving event. It currently sits around $60,000. A contributing factor could be the lack of investment in Bitcoin Spot…
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Market Analysis

Market Analysis April 22nd, 2024: Despite the Recent Halving, Bitcoin’s Price Remains Stagnant

Reading Time: 7 minutes Last Friday, the much-anticipated Bitcoin halving finally took place. This marked the fourth halving for the Bitcoin network, reducing the block reward for miners from 6.25 Bitcoin to 3.125 Bitcoin. However, this event happened amidst an…
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Market Analysis

Market Analysis April 15th, 2024: Bitcoin Tumbles Amidst Middle East Crisis

Reading Time: 6 minutes Last weekend, the world was shocked by Iran’s attack on Israel. This act immediately sparked anxiety among various parties. As the attack unfolded, financial sectors, including the crypto market, reacted negatively, witnessing price drops across almost…
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Market Analysis

Market Analysis April 8th, 2024: BTC Faces Critical Resistance at $70,000

Reading Time: 7 minutes In the weeks leading up to the Bitcoin Halving, the price of Bitcoin (BTC) has yet to see a revival. Instead, significant selling pressure occurred after crossing the $70,000 price level, leading to a drop by…
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Market Analysis

Market Analysis Apr 1st, 2024: 18 Days to Bitcoin Halving: What’s Next?

Reading Time: 6 minutes Bitcoin’s recent pullback to $60,000 from its all-time high of $73,000 challenges investor confidence as the much-anticipated halving event nears. In this analysis, we’ll explore potential price projections for Bitcoin in light of current market conditions.…
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Market Analysis

Market Analysis Mar 25th, 2024: BTC Must Maintain $65K Support for Continued Bull Run

Reading Time: 6 minutes Bitcoin (BTC) has not yet reached its previous peak levels following a significant correction, at one point dipping to $60,800, a decrease of about 17%. This drop has triggered various responses and sparked many speculations regarding…
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Market Analysis

Market Analysis Mar 18th, 2024: Bitcoin Faces Resistance at $75,000: Will $60k Be the Support?

Reading Time: 7 minutes After surging to new highs above $73,000, Bitcoin (BTC) underwent a correction of more than 10% last Friday, briefly dipping below $65,000. This pullback was seemingly welcomed by investors waiting to buy at their target price.…
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Market Analysis

Market Analysis Mar 12th, 2024: BTC Reaches $72,700 – What’s Next?

Reading Time: 6 minutes Following last week’s market analysis, which explained the potential for Bitcoin (BTC) to reach $70,000, Bitcoin (BTC) finally surpassed this price level on Monday (11/3), reaching an all-time high of $72,700. Will BTC continue to set…
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Market Analysis

Market Analysis Mar 4th, 2024: BTC Poised for Potential Rally to $70k

Reading Time: 6 minutes Bitcoin’s (BTC) price has caused a stir in the first quarter of 2024, reaching $64,000 and even hitting an all-time high in Indonesian Rupiah, exceeding Rp1 billion. This strong market performance suggests the potential for further…