Long Term Charts Put Bitcoin Price At for $11,400 Local Top, $60K Bull Cycle Top

Since Bitcoin price left its bear market lows, the first ever cryptocurrency has been seemingly unstoppable, shocking everyone with its resilience in the face of FUD, powerful resistance, and oversold indicators. For weeks now, crypto analysts have been calling for the “top” of the rally but the expected correction never arrives. Even a massively bearish head and shoulders pattern formed at the top of the recent rally – a bearish reversal pattern – that was later invalidated by further bullish upward movement. However, all rallies eventually find their top, and…

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iFinex Buyback Could Spur Another Wave of Leo Demand, Price Up 8.2%

Leo adds 8.2 percent The public open to tracking iFinex repurchase of Leo coins Behind a surging coin, iFinex plans to open up to the public its buyback program. In an initiative called the UNUS SED LEO Transparency Initiative, the public will track how the parent company would purchase Leo from their gross revenue. Meanwhile, Leo is up 8.2 percent from last week’s close. Leo Price Analysis Fundamentals There is noticeable progress. It all has to do with BitFinex and their effort of improving transparency. Through an initiative that will…

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Bitcoin Likely to Set Fresh Year-To-Date Highs If It Closes Above $8,740, Here’s Why

Bitcoin and the aggregated crypto markets have been able to surge significantly higher in the past 24-hour and BTC now been able to solidify its position within the $9,000 region. This bullish momentum has allowed BTC to set fresh year-to-date highs and will likely lead it into the five figure price region in the near-future. Analysts are now noting that Bitcoin is likely to continue surging higher if it is able to hold above $8,740, but they are also explaining that it does face resistance at $9,600. Bitcoin Skyrockets to…

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Bitcoin (BTC) Soars Past $9,300 in Massive Weekend Pump: Bulls on Parade

And just like that, Bitcoin (BTC) is right back above $9,000. The past 72 hours have been absolutely stellar for the crypto market, as it saw all digital assets gain notably across the board. BTC, most notably, moved from the low-$8,000s, where analysts expected heavy resistance, to $9,300 where it stands right now. Related Reading: If History Rhymes, Bitcoin May Be Trading Around $12,000 By the End of July With this, the bullish cries of traders all across the industry have returned, despite the fact that they were calling for…

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Analysts Expect Ethereum to Follow Litecoin’s Lead and Skyrocket in Near Future, Here’s Why

The aggregated crypto markets have been facing an influx of bullish momentum over the past several months that is showing few signs of slowing down anytime soon. This momentum is allowing altcoins, like Ethereum (ETH), to incur strengthening technical formations that will likely allow it to surge higher in the near-future. Now, analysts expect Ethereum to mimic the incredibly bullish price movements that Litecoin has made over the past several weeks, which means that ETH may soon set fresh year-to-date highs. Ethereum Climbs to Weekly Highs as Buying Pressure Grows…

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Altcoin Crypto Trading Axed For Americans as Bittrex Follows Binance

News that the world’s largest crypto exchange by trading volume, Binance, has curtailed services to US customers sent shockwaves across the crypto community yesterday. Today it is the turn of Bittrex which has followed suit by announcing that certain markets will no longer be accessible to US clients. Crypto Assets Moving to Bittrex International In an email to its users and an official announcement on its website, Seattle Washington-based Bittrex stated that it would be making major market availability changes for US customers on June 28. What followed was a…

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Bitcoin (BTC) on a Roll, Bulls Ecstatic After Italy’s New Tax Proposal

Bitcoin (BTC) expands, up 7.4 percent Capital flight from Italy could end up in Bitcoin By zeroing in and targeting personal saving accounts, Matteo Salvini, the Deputy Prime Minister of Italy, is inadvertently advertising Bitcoin. Resilient and thriving with an unpopular decision, BTC bulls are back. Ending the week strongly, prices are up 7.4 percent from last week’s close. Bitcoin Price Analysis Fundamentals Generally, Bitcoin is a machine, a juggernaut whose benefits is enough to promote the first successful digital asset. Withstanding the test of time, shaking off critics-and governments…

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Crypto Market Wrap: Consolidation Could Crack on Bitcoin’s Next Move

Crypto markets still range bound; Bitcoin, BCH and BSV moving marginally, Litecoin, BNB and ADA fall back.  Market Wrap It has been another day of consolidation for crypto markets as they end the week flat. Very little movement outside of the channel has occurred this week as total market capitalization has been range bound around the $250 billion level. Things have picked up marginally for some crypto assets but others have lost ground. Bitcoin hit an intraday high of just above $8,300 a few hours ago but pulled back to…

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Bitcoin (BTC) Ranging, Will Warren’s View Change After July?

Bitcoin (BTC) ranging but up 4.4 percent Adoption depends on the level of BTC awareness Unrelated, Justin Sun may clear any lingering doubt if he successfully convinces Warren Buffet to pour his billions into blockchain and crypto. It will be a momentous breakthrough. Justin will be lauded, perhaps immortalized. However, Bitcoin will be the biggest beneficiary, given its liquidity and popularity. Currently, it is up 4.4 percent and ranging with caps at $8,500. Bitcoin Price Analysis Fundamentals Crypto, and Bitcoin, in particular, is unique. Founded by principles fronting independence and…

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Bitfinex’s LEO Spikes 32%, Passes IOTA on Crypto Leaderboard

LEO surges, up 32 percent FOMO likely accelerating LEO demand The tokenization of BitFinex through the sale of LEO tokens was an opportunity for investors to draw maximum benefits from a liquid exchange. At the time of writing, LEO is up 32 percent week-to-date. LEO Price Analysis Fundamentals Desperate times call for desperate measures. That’s the adage that BitFinex’s owners, iFinex Limited, heeded, quite literally. Faced with insurmountable pressure upon the damaging revelation that the exchange used part of Tether Limited’s fund to fix a deluge, the management settled for…

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