Bitcoin whales keeping 100 to 10k BTC have collected 30k extra coins in the closing weekTHE BUILDUP coincided with final weeks retest of $31k and rejection at $40,800Earlier today, Bitcoin dipped to $33,379 sooner than bouncing again to $36,TWO HUNDREDAll eyes are at the weekly shut, monthly close and $30kBitcoin
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Bitcoin’s pullback to $30k is now the biggest capitulation adventure so far in terms of discovered lossesThe amount of discovered BTC losses exceed the ones of March 2020, November 2018 and the January 2018 correctionRoughly 76% of Bitcoin addresses are still in profitsSelling could proceed thru Bitcoin miners and traders
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The Bitcoin sell-off maintains into its third dayBitcoin has misplaced the 2 HUNDRED-day transferring moderate with the cave in of the $40k enhanceIf Bitcoin closes underneath this MA, it will open the doorways to $34.7k which is the 50% retracement level from the March 2020 bottomBitcoin and the crypto markets
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Tweets discussing Bitcoin have hit a new height of 232.7k in a 24 hour periodThe file was once set the day past, Might twentiethThe similar Bitcoin tweets trace of panic through crypto-investorsOn The Other Hand, the majority are constructive that Bitcoin’s $50k fortify will likely be regainedThe choice of Tweets
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Bitcoin is again retesting the $34,THREE HUNDRED worth space$34,300 is the 50% retracement level from the March 2020 bottom to the April 2021 peakA loss of this level will open the doorways to $30k and the 61.8% retracement stage at $27,111$28,850 is also a level of reinforce that held back
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MagicPoopCannon has explored the possibility of Bitcoin entering a bear marketIf it happens, Bitcoin could drop to as low as $12k or $15kBitcoin is currently trading below the 50-day moving average which is a sign of weaknessMagic speculates that perhaps Tesla knew Bitcoin was near a top hence the announcement
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Peter Brandt highlights the possibility of the Biden administration turning into a big terrible issue for BitcoinHe cites the recent plans to extend capital profits taxSome establishments and people in a few US states might finally end up paying as much as FIFTY FIVE% in taxes if the plan is
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Dan Morehead of Pantera Capital is anticipating Bitcoin to hit $200k via 2022His research is predicated at the adoption of BitcoinFor every million new users, the fee of Bitcoin rises by $200Smartphones will be key in Bitcoin adoptionDemand for Bitcoin via establishments may be rising and will result in a
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Turkey has announced a move to ban cryptocurrencies as a sort of costThe Turkish Significant Financial Institution cites that cryptocurrencies can cause ‘non-recoverable’ losses because of their degree of anonymityThe crypto ban in Turkey begins April thirtiethBitcoin has dropped from $63k to a local low of $60,050 as a results
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Abstract:The number of Bitcoin whales protecting 100k BTC or more has hit an ELEVEN month highThe whales now keep an eye on 2.20% of Bitcoin supply up from 0.76% ELEVEN weeks agoAt the similar time, smaller addresses of 1k – 100k Bitcoin have droppedThe drop might be attributed to selling
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