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Bitcoin price soars as investors await ‘bullish event’

Bitcoin investors worldwide are feeling optimistic as the infamous cryptocurrency reached new heights in late October, an event they have popularly dubbed “Uptober.” We have witnessed a significant increase in price, with the price reaching a new high for the first time since May 2022. After months of struggling to stay above the $30,000 price

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Bitcoin’s ETF Anticipation: Navigating Market Volatility with Caution

The Rollercoaster Ride of Bitcoin Bitcoin (BTC), the pioneering cryptocurrency payments and undisputed leader in the digital asset market, recently experienced a renewed surge, capturing the attention of traders and enthusiasts alike. This surge, breaching the significant $30,000 mark, followed a series of dramatic events triggered by misleading headlines and regulatory speculations. On October 16,

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Bitcoin Ordinals: Revolutionizing the NFT Landscape

In recent years, Bitcoin has emerged as a major player in the ever-evolving world of non-fungible tokens (NFTs). A recent report by Galaxy Research has highlighted Bitcoin’s significant contribution to the NFT ecosystem. Unlike other major blockchain networks, Bitcoin has pioneered the concept of Ordinals, a revolutionary protocol that allows the direct embedding of data

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Bitcoin’s Serenity at $29.1K: Is Higher Volatility on the Horizon?

Over the last six weeks, Bitcoin has exhibited a strikingly narrow trading range, defying traditional market influences that would typically trigger significant fluctuations. Despite macroeconomic and industry events that would have historically spurred investors into action, Bitcoin has remained relatively static, hovering around $29.1K. Furthermore, it has been unable to surpass the $31,000 mark since

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Analyzing the Imminent Expiry of BTC and ETH Options

The BTC economic calendar of the cryptocurrency market is marked by a noteworthy event today (19 May 2023), as a significant number of Ethereum and Bitcoin options are set to expire. This occurrence is expected to have a substantial impact on price movements within the cryptocurrency platform. Bitcoin, being the leading digital currency, currently has

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Bitcoin’s price may potentially decline towards $25K due to a technical breakdown.

The value of Bitcoin is currently on a decline, dropping below the crucial $27,000 level. As a result, there is a looming possibility of a downside breakthrough, potentially causing BTC to fall towards its $25,000 support level. Despite efforts to recover, Bitcoin has faced difficulty in surpassing resistance levels of $27,500 and $27,800. Presently, the

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Bitcoin and Gold Prices Soar in Wake of Fed Rate Hike Announcement

The anticipation of a temporary halt in the Federal Reserve’s interest rate hike led to a surge in Bitcoin’s price, breaking its stagnant range of $28,000. On Thursday, Bitcoin climbed to $29,241 during early New York trading, following the Fed’s announcement of a 25 basis point rate increase and speculation of a potential adjustment in

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The indicator that is most reliable in forecasting Bitcoin’s growth

Charles Edwards, the founder of Capriole Investments and an analyst, has expressed his belief in the growth prospects of Bitcoin. In a microblog post, he shared his bitcoin forecast and provided arguments supporting the increase in the coin’s price. Edwards drew attention to a graph that shows how Bitcoin behaves in response to changes in

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