Bitcoin’s Bullish Double Bottom Pattern

Adam and Eve Double Bottom Crypto analyst Christopher Inks has spotted a bullish “Adam and Eve” double bottom pattern on Bitcoin’s 1-hour chart. This pattern consists of two troughs with a peak in between. Adam: Sharp V-shaped bottom indicating a rapid price decline and recovery. Eve: Rounded and gradual bottom indicating a slower price recovery….

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Bitcoin Investors Feeling the Pinch: Losses Mount

Losses Outpace Profits Bitcoin investors are facing a bumpy ride as the digital currency’s value fluctuates. Data shows that investors are currently losing more money than they’re making. This is a significant shift from the recent past, where profits dominated. Rollercoaster Ride Bitcoin’s price has been on a rollercoaster over the past 24 hours. It…

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Bitcoin Halvings: More Than Meets the Eye

Miners’ Influence on Price In the early days of Bitcoin, miners had a significant impact on its price. However, as the market has matured, miners’ influence has waned. This is due to increased diversification of Bitcoin holders and the growth of sophisticated financial instruments. Halvings and Monetary Policy Bitcoin halvings occur during key economic turning…

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Bitcoin’s “End Run”: What It Means

Bitcoin took a tumble over the weekend, falling to $60,850 before recovering to around $64,500. This sudden drop has sparked a lot of questions. The “End Run” Theory Peter Brandt, a veteran trader, believes the price action is a potential turning point. He calls it an “end run,” a maneuver to bypass obstacles and gain…

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UFC Champ Demands Bonus in Bitcoin

Bitcoin’s Rise in Sports Brazilian UFC fighter Renato Moicano made headlines by demanding his $300,000 bonus in Bitcoin. This move reflects the growing popularity of cryptocurrency in the sports industry. Moicano’s Request After his victory at UFC 300, Moicano expressed his support for Bitcoin and requested that his bonus be paid in the cryptocurrency. His…

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Bitcoin: A Buying Opportunity Before the Halving?

Bitcoin has caught the attention of investors again. Some analysts believe it could see a significant price drop before the next halving event. Historical Patterns Analyst Rekt Capital has studied past Bitcoin cycles. In 2016 and 2020, Bitcoin experienced retracements of around 30% and 20%, respectively. This suggests that a more substantial downturn of around…

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