Crypto 

BITCOIN PANIC SELLS EVERYWHERE!! Price Predictions and Technical Analysis on Crypto

CRYPTO MARKETS TODAY: Bitcoin is bearish right now with CME and Spot closing underneath the 55ema. This doesn't mean we go to 0 but it does set the stage for a larger, long-winded structure to come to fruition over the next few months. ALTCOIN UPDATE: Exaaactly as predicted, the alts that surged last week have come down with heavy bearishness. Watch AXS this week to see if it can remain healthy on the longer timeframes as it tests moving averages. Ask me anything, I trade for a living! Sign Up For A Free Webinar And Get Free Weekly Email Updates…
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Crypto 

THE BITCOIN MEGA RANGE!! Price Predictions and Technical Analysis on Crypto

CRYPTO MARKETS TODAY: Bitcoin has been trickling up along the trend line but with no strong volume or momentum. Nothing has changed as bitcoin is coiled up to the max and will need resolution in a direction very soon. ALTCOIN UPDATE: Alts have been showing signs of uniquity which is adding confusion to the mix more than anything. The goal with altcoins at the moment is to filter out the good from the bad and snipe trades on the healthier coins. the issue right now is that most of these coins that show promise, end up getting obliterated soon after…
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Bears back off, but Bitcoin price still wavers below $35K

Although bulls made a show of force in the morning trading hours, Bitcoin (BTC) price is still pinned under the $35,000 resistance and unable to flip the 20-day moving average to support or secure a daily close above the level.  Data from Cointelegraph Markets Pro and TradingView since rallying to $35,400 on June 28, Bitcoin has traded in a range between $33,850 and $35,000 as the fallout from China’s crackdown on BTC mining continues to reverberate across the market. BTC/USDT 4-hour chart. Source: TradingView In addition to turning the Bitcoin…

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Altcoin Roundup: Stablecoin pools could be the next frontier for DeFi

In times like these, when the entire cryptocurrency market is down and there is nary a sector-wide runup to be found, traders have to dig into data to see how the market dynamics may have changed to pinpoint signs of new growth.  Stablecoins are the newest trend to emerge in the decentralized finance (DeFi) arena due to the resiliency they bring to the sector, especially since protocols that are more reliant on the dollar-pegged assets continue to offer token holders low-risk yield opportunities in turbulent market conditions. Possible evidence of…

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Bitcoin hits $35K after Biden reveals infrastructure deal, Paraguay proposes BTC bill

Bitcoin (BTC)  price received a boost as news that lawmakers in Paraguay plan to present a bill to make BTC legal tender spread across Twitter. Shortly after the unconfirmed news surfaced on Twitter, Bitcoin price rallied to $35,289 before slightly pulling back below the key short-term resistance level.  Congratulations Paraguay • a bill has been submitted to make #BITCOIN legal tender • reading likely to occur on July 14th • they wish to be a crypto hub • promotion of green energy mining • some interest from Argentina & Brazil now…

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Canadian Bitcoin ETF adds to its holdings despite steep market correction

Demand for Bitcoin (BTC) among Canadian investors has not wavered amid the latest price correction, offering further evidence that market participants are capitalizing on heavily discounted prices.  The Purpose Bitcoin ETF, which launched in February, has now accumulated 19,692.149 BTC as of June 13, according to Bybt data. The ETF has added 284.51 BTC over the past seven days and nearly 2,000 BTC since May 15. A massive breakdown in price has not deterred Canadian investors from seeking exposure to Bitcoin. Source: Bybt. In fact, the ETF added to its…

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Bitcoin rejects near $37.5K, on-chain data shows capitulation from short-term holders

Bitcoin started the week off with an abrupt bullish breakout to $37,500, a level some analysts have identified as a crucial ‘line in the sand’, but the rally was short-lived as BTC met selling near the lower arm of the bearish pennant that can be seen on multiple timeframes.  While many traders are concerned that the 2021 bull market is now over and considering whether gains should be locked in, on-chain data shows that long-term Bitcoin (BTC) holders have been accumulating in preparation for a potential 2013-style double-pump that has the…

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