Bitcoin whales are playing a dirty game with their dump and buy when the price is low, but in the end that drives the bitcoin price to rise, as they don't want it to lose value but they will always play the game...we can just watch it happen👊
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This week had been quite volatile, even for Bitcoin. After the primary cryptocurrency broke-up to the 2020 highs near $10.5K, followed by a quicker drop back below the same critical trend-line, BTC is left now at the same levels it was trading at for the majority of the past week.
The bottom line is that Bitcoin has hard times dealing with the descending trend-line as can be seen on both charts below – the daily and the 4-hour chart.
some reasons why the price of BTC plummeted in just 15 minutes after reaching values surpassing the $10,100 on June 1st, what expect from coming days despite it being already negotiated in $9,600?! We can just wait to see😎
Bloomberg: "Bitcoin will approach record high of about $20,000 this year"
Bloomberg says that all signs point to Bitcoin going on the major bull run in 2020, the only question is whether it will break the all time high of $20,000.
The latest report from Bloomberg reveals that the company expects Bitcoin (BTC) to retest the record highs from 2017, and may even go as high as $28,000.
COVID-19 & Institutions helping Bitcoin
The report suggests that COVID-19 has accelerated…
Blockstream CEO Adam Back recently said that institutional money is not needed to propel Bitcoin (BTC) to $300,000 within five years. This is partially because the current financial situation could drive retail traders to look for alternative investments to preserve the value of money in a time where there is a lot of money printing across the world. This is likely to create enough demand from retail traders to start the next mega bull run in the top-ranked cryptocurrency…
Bitcoin’s latest price swing has precipitated quite a stir in the cryptocurrency market. Its impact was felt across the decentralized finance sectors as well, as the world’s largest cryptocurrency’s surge propelled a fresh all-time high for Bitcoin locked in DeFi, a figure that sprung to 4.04k on 3 June, doubling from 2.23k less than a month ago.
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On 25 May 2020, when Goldman Sachs announced that they were going to host a call involving Gold, Inflation, and Bitcoin, a sense of exhilaration ran wild in the crypto-community.
When the institutional call commenced on the 27th, the same community bombarded the premier investment firm with accusations of a lack of credibility and ignorance.
Bitcoin took a heavy beating yesterday after attempting to break past $10,000 for the first time in weeks.
As reported by Bitcoinist previously, the asset plunged by $1,500 in three minutes, falling as low as $8,600 on BitMEX due to a barrage of sell orders. On spot exchanges and some other derivatives exchanges, the cryptocurrency managed to hold the low-$9,000s.
The Inventor of Bolling Bands, John Bollinger, has once again provided valuable insight into the current price movement of Bitcoin. In a Tweet earlier today, Mr. Bollinger classified BTC’s price movement to approximately $10,400 as a Head Fake.
Bitcoin and the aggregated crypto market saw some calm overnight trading following the immense volatility seen yesterday.
After plunging from highs of $10,400 to lows of $8,600 on BitMEX, BTC has been able to incur some buying pressure that has given it a firm standing within the mid-$8,000 region
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Computer visionary Ted Nelson thinks he knows the person behind Satoshi Nakamoto, the pseudonymous Bitcoin (BTC) creator whose real identity remains a mystery to this day.