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Crypto
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View allbitcoin:native The current monthly high ($79.2K) is a weak one. In all of the previous ~8 years of history, it has never been so low and early in the month. This makes it a very likely level to get taken out at some point. This is why I mentioned about a deviation early in the
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bitcoin:native The past 3 months, only tuesdays have been red on average. Every other day has been seeing a positive average return. Surprised wednesday isn't the biggest considering that was the day BTC put in the initial +7% breakout candle. So before including that one, the
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bitcoin:native There is the initial sweep below right into the range low for the time being. If you read back my post from yesterday I was saying that a quick sweep of liquidity locally at either the high or low made sense. As we tend to see that at the start of a new monthly
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bitcoin:native Today is Labor day so volumes and volatility will likely remain low. There's some liquidity that has built up on both sides during the weekend. Keep an eye out for these levels and how price reacts around them in the short term. Tomorrow we'll see where this
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bitcoin:native Trading right below its May highs and liquidity cluster. Breaking that should lead to a squeeze higher due to this liquidity and also marking a market structure break.
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bitcoin:native Where do we stand? Bitcoin did a lot of work by breaking above many of its weekly levels. But it is yet to make a new higher high on the weekly timeframe. For that to happen, it must trade back above its May highs at $83K+. That is pretty much the last factor
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bitcoin:native With the 2023 breakout from the bear market as overlay. The price action at the bottom with the second sweep into very compressed sideways and the breakout has been very similar. In 2023 at this point, a lot of people were calling for another lower low to occur.
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bitcoin:native's Recent bear market trend has seen a -54% drawdown top to bottom. This was while all other markets were rallying hard, which is a good argument as to why it was "just" -54% this time around. Arguably, price would see a much larger drawdown if stocks and
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Bitcoin.de trading remains halted as German regulator rejects MiCA application
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Bitcoin’s ‘last resort’ quantum-safe solution just got 79% cheaper: StarkWare
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Bitcoin’s (BTC) Chance for Recovery Hinges on This Major Economic Event
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Bitcoin’s (BTC) Defining Moment, Ethereum’s (ETH) Potential, and More: Bits Recap August 14
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Bitcoin’s (BTC) Rally Looks Strong, But the Real Money Behind It Is Still Missing
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Bitcoin’s (BTC) Still in a Bull Market, But a Correction Could Be Coming First
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Bitcoin’s $126,000 Top Signal Turns Risk-On Again
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Bitcoin’s $15B Options Expiry Hits, 5% Treasury Yields Test the Rally
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Bitcoin's $16 billion quarterly options settlement arrives with a 'call-heavy' book
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Bitcoin’s $18B Options Expiry Is Coming — A Major Market Move Could Follow
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Bitcoin's $19 billion wake-up call: One-year after flash crash, has crypto learned anything?
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Bitcoin's $19 billion wake-up call: One-year later, has crypto learned anything?
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Bitcoin’s $3K Drop Comes as Fed Rate Hike Bets Surge, but Analyst Remains Bullish
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Bitcoin’s $500,000 Bet, Ethereum’s AI Warning, Dogecoin ETF Drama and More: This Week in Crypto
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Bitcoin's $500K 2030 Prediction: From Pension Fund to Bitcoin SimplyBitcoin
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Bitcoin's $500K Horizon: Your Savings Survival Guide!SimplyBitcoin
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