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Bitcoin breakout coming? The cryptocurrency is already up 220% this year Bitcoin’s followed a similar trend since mid-February and has breached yearly highs at least once every month Bitcoin broke above its upper band limit for the first time this year in early February Bitcoin bulls looking for a catalyst that could extend its colossal rally may want to turn to technical analysis favored by some traders for a dose of good news.   Following an increase in prices over…

Why is this Distressing News from Deutsche Bank a Good Signal for Bitcoin? On Sunday, Deutsche Bank announced that it would soon make significant cutbacks to its investment bank unit. Reportedly, about 20000 employees could lose their jobs in their process. On Friday, 5th July, the head of Investment Banking, Garth Ritchie, also announced his departure from the firm. New York and London offices of the largest Germany’s business Bank is expected to experience the majority of the cut-backs. The…

Bitcoin Approaches $11,500 as Top Cryptos See Gains Saturday, July 6 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as Bitcoin (BTC) hovers just under the $11,500 mark. Bitcoin is currently up by about three percent on the day, trading around $11,486 at press time, according to Coin360. Looking at its weekly chart, the coin is down by over 7.68%. Bitcoin 7-day price chart. Source: Coin360 According to a recent report…

  Bitcoin Consumes As Much Power As Switzerland, But Impact Remains Negligible Much of the conversation surrounding Bitcoin and Switzerland in recent days is focused on the cryptocurrency showing price correlation between it and the country’s native fiat currency, the Swiss franc, which is often viewed as a “safe haven” asset for investors alongside gold and the Japanese yen. However, a new study conducted by researchers at the University of Cambridge, has revealed that each year Bitcoin could consume as…

Crypto Analyst – Bitcoin Market Cap Due to Surpass $1 Trillion this Cycle, $8 Trillion Next Crypto asset market analyst and partner at Adaptive Capital, Willy Woo, believes that the market capitalisation of Bitcoin alone will surpass $1 trillion dollars in the coming years. After letting off steam, he believes the next cycle will take Bitcoin’s market capitalisation to levels that rival that of gold today in terms of value. The analyst also takes a rather unique, hyper extended view…

THE 30 PERCENT BITCOIN PRICE CORRECTION HAPPENED ALREADY? The Rundown Bitcoin Price Drops Exactly 30% Back Above $11000 Bitcoin Price Could Fall Back Again? The much talked about 30% correction in Bitcoin price was hit pretty much spot on during yesterday’s US trading session. Many are now questioning whether they missed the dip and whether the bull run has resumed as BTC trades back above $11000 again today. BITCOIN PRICE DROPS EXACTLY 30% Over the past 24 hours, Bitcoin price…

Cryptocurrency market update – Wounded bulls are in a tactical retreat The cryptocurrency market is losing ground, controlled by bears. Bitcoin, Ethereum are still deep in red on a day-on-day basis. The cryptocurrency market lived through another bloody red day as Bitcoin and all major altcoins are nursing significant losses ranging from 1% to 7%. The total capitalization of all digital assets in circulation dropped to $303 billion from $320 billion on Monday, while an average daily trading volume reduced…

BITCOIN PRICE CORRECTION DEEPENS – WEEKLY CLOSE LOOKS BEARISH The Rundown Bitcoin Price Doji Turns Bearish Bitcoin Dominance Still Raging The Bitcoin price pullback which began at the end of last week has accelerated this Monday morning despite a relatively stable weekend. The weekly candle has closed off with a bearish signal indicating further losses could be coming. BITCOIN PRICE DOJI TURNS BEARISH Bitcoin price has been in decline for the past 24 hours following a weekend push back over…