Bitcoin News
By Dan Saada
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Monthly Flip of Bitcoin
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Bitcoin After the Second Halving
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What Stops Bitcoin to Reach $100,000 Level This 2020?
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Crypto analysts and traders see Bitcoin (BTC) getting more expensive than previous weeks. The recent bullish price momentum of the leading cryptocurrency by market cap is giving…
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While BTC bulls are doubling their efforts before the upcoming halving, others are giving fearless predictions on how high it will soar in years to come.
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Over the past few weeks, Bitcoin’s price holds the $9,445 zone. Since the bear market made traders frustrated in 2018 and 2019, the bulls are now celebrating.
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However, some analysts fear that the recent rally might give the crypto space another false victory.
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On January 12th, the Moving Average Divergence Convergence was on its first red candle. But, other major timeframes like daily and weekly appeared to be in bullish patterns.
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After three weeks, traders become more excited. That’s because Bitcoin charts completely transformed into incredibly bullish.
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Crypto analyst Dave the Wave believes that Bitcoin has a big chance of hitting above the $100,000 zone in the next few years.
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Considering the crypto’s historical performance after the halving season, it rose from $12.31 to $994.21 in the first halving.
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Additionally, the leading cryptocurrency made a stunning market performance as it rose from $650.63 to $19,535.70, which resulted to its all-time high during the second halving.
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If you’ll remember, Bitcoin’s price rose from $8,879 to $8,879 on January 14th, which resulted to an 8.5% daily increase.
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Besides, on January 1st, the price of BTC was about $7,200, along with 6.57% mining difficulty.
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When January 28th kicked off, the crypto brought a gradual difficulty growth of 4.6%, leading to price bounce from $8,900 to $9,350.
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