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Tag Archives: BTCUSD

Bitcoin Price Intraday Analysis: BTC/USD Stability Continues

Bitcoin at $6,382 continued to trend sideways on a low volume and low volatility Tuesday. The BTC/USD is trading between 6450-fiat and 6360-fiat, offering enough space to make decent intrarange profits for day traders. A pullback from upside is bringing a decent short opportunity towards the downside. Similarly, a bounce back from the downside is bringing a similarly profitable long ...

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BTC/USD More Bearish than Ever

The bitcoin price continues to trade sideways on Monday after a stable showing during the weekend on the daily charts. The bitcoin-to-dollar exchange rate is trading at 6398-fiat at the time of writing, 0.85 percent lower than its Sunday high. The pair has found a decent support area in 6350-6400-fiat zone. But, it does not signal enough buying sentiment to ...

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Bitcoin Price Watch: BTC/USD Bearish Within Range Below $6,450

Key Points Bitcoin price failed to move above the $6,450 and $6,460 resistance levels against the US Dollar. There is a key connecting bullish trend line in place with support at $6,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price must clear the $6,450 and $6,460 resistance levels to move into a positive zone. ...

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BTC/USD in Bull Trap, Again

The Bitcoin-to-dollar exchange rate consolidated sideways as an extension to its intraday stable action. The pair seems to have found a decent support above 6400-fiat, but an equally stubborn resistance near 6530-fiat is holding its gains. Currently, BTC/USD is trading at 6439-fiat, down 0.54 percent from the previous day’s close. On the fundamental front, Fidelity, a multinational financial service with ...

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Bitcoin Price Watch: BTC/USD Could Dip and Rip Above $6,520

Key Points Bitcoin price is consolidating below the $6,520 resistance level against the US Dollar. Yesterday’s highlighted key ascending channel is active with support at $6,430 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could decline a few points towards $6,400 or $6,380 before it climbs higher. Bitcoin price is currently trading in a ...

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Bitcoin Price Intraday Analysis: BTC/USD Holds $6,400 Floor

The bitcoin-to-dollar exchange rate is holding above 6400-fiat as it goes towards testing major resistance hurdles to the upside. The pair moved 1.5 percent above its intraday low near 6346-fiat on Coinbase Pro while trading at over 7 percent premium rates on Tether-featuring exchanges. The volume, however, slowed down in contrast to Monday’s wild swings, indicating that serious traders waited ...

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Spread between BTC/USD and BTC/USDT Crosses $300

The imbalanced peg between the US Dollar and Tether LLC’s USDT has resulted in a $300-spread in Bitcoin price. At the press time, the aggregated Bitcoin-to-dollar exchange rate on non-Tether exchanges is approximately 6430-fiat. Meanwhile, on Tether exchanges like BitFinex, the same forex rate is above 6700-fiat. The strange trading activity, which started surfacing on Monday, has seen traders getting ...

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Bitcoin Price Watch: BTC/USD Buyers Losing Grip Below $6,520

Key Points Bitcoin price revered yesterday’s gains and traded below the $6,500 support against the US Dollar. There is a short-term ascending channel in place with support at $6,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could dip towards the $6,340 or $6,320 support before moving back higher. Bitcoin price is struggling to ...

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BTCUSD Goes Haywire as USDT Declines

Bitcoin on Monday pursued a fake upside action across several exchanges, mainly BitFinex, after stablecoin Tether (USDT) started falling. The BTC/USD responded to the upside action witnessed in the BTC/USDT market. USDT traders started exiting their positions amidst growing concerns about BitFinex’s insolvency and its impact on the coin’s liquidity. The more traders swapped USDT for other coins, the larger ...

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