Bitcoin rockets after powerful spike

Bitcoin rockets powerful spike   Bitcoin’s price has seemingly spiked out of nowhere in what has been in one of its strongest moves in days. With Bitcoin’s price suffering from sector volatility, it and most other cryptocurrencies has seen an aggressive sell off. This current rise in price is threatening to test the upper resistance po...

November 30, 2022
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Will BlockFi be another FTX?

Not even one week after crypto exchange FTX officially filed for bankruptcy another Cryptocurrency entity has felt the wrath and submitted its own Chapter 11. The spread and contagion effect from FTX was always a concern and now cryptocurrency lender BlockFi has fallen. BlockFi had been struggling even prior to the FTX collapse. In fact, the com...

November 29, 2022
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Short-term buying opportunity on Bitcoin

Bitcoin has recently tested the lows of its price range that it reached in the immediate aftermath of the FTX crisis. A long opportunity has been brought about after price bounced off these lows near $15,863. The hourly chart shows a potential good risk reward entry. The trigger for the entry is not just the fact that the price has bounced off the ...

November 21, 2022
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FTX, a failure in Corporate Governance and effective risk management

The FTX bankruptcy case has been a fascinating study in the failure of corporate governance providing a warning to the Cryptocurrency industry that a lack of regulation will not excuse poor financial management and that these exchanges are not immune to failure. In the last week, the company engaged distressed company expert, John Ray III to tak...

November 18, 2022
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Bitcoin ready for its next leg down?

Bitcoin has seen its price plummet after a volatile week largely due to the collapse of Cryptocurrency exchange, FTX. The price of the Bitcoin has fallen to levels not seen since November 2020. The price is now showing signs that it may be in a short-term consolidation before it may sell off again. The downward move may be amplified, especially if ...

November 16, 2022
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Crypto Crashes as exchange, FTX, faces liquidity crisis.

Bitcoin has dropped dramatically over the last 24 hours to its lowest level for the year after fears were sparked that major player FTX faced a liquidity crisis. In the last two years cryptocurrency has become available to large institutions and funds which has increased the overall size of the market. However, at the same time it has made it vulne...

November 9, 2022
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Is Bitcoin in a league of its own?

Bitcoin, the currency of tomorrow, a new age currency, has seen some severe ups and downs over the last few years. From reaching highs of nearly 70,000 dollars to dropping to lows of 17,000 the volatility and action around the cryptocurrency has been startling. Even compared to other traditional currencies the range and volatility of the price has ...

November 4, 2022
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More downside for major cryptos?

Following the previous Bitcoin analysis (https://www.gomarkets.com/au/articles/economic-updates/bitcoin-usd-technical-analysis/), bitcoin continues to break below pattern after pattern, recently breaking out and re-testing a descending flag pattern on a 4h time frame as seen below: With the next major support sitting around $17,619, it won...

September 27, 2022
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Bitcoin teetering above key $20,000 level

Bitcoin and other cryptocurrencies have seen their prices decline rapidly in recent times as inflation has wreaked havoc across the market. The capitulation has seen Bitcoin lose almost 75% of its value since November 2021. The aggressive selling has seen the price fall to its lowest levels since November 2020. The theory that Bitcoin would be a...

June 22, 2022
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Crypto’s week of horror ends in a new 18 month low

As the week comes to an end, many cryptocurrency investors grow increasingly nervous. This emotional sentiment has resulted in bitcoin’s new 18 month’s low price, since December 2020. It has also caused a well known crypto company, Celsius, to suspend client’s withdrawals. Bitcoin started the week at $27,000 USD which was a 10% decreas...

June 17, 2022
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Bitcoin and Crypto Outlook

November 2021, cryptos are regularly making all-time highs amid a mania like euphoria that increased institutional uptake and a newly launched ETF that crypto traders believed would  drive prices even higher towards some of the uber bulls loftier 2021 targets. Two months is a long time in the crypto world and they have lived up to their volatile r...

January 25, 2022
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European and US markets hit all time highs, Bitcoin breaks out, the Dollar slides

Equity markets US stocks jumped overnight to reach record levels as stronger than expected print on retail sales and a sharp improvement in the number of new jobless claims cheered the investors. Source: Yahoo Finance US reporting season kicked off this week with impressive results so far from Finance heavyweights JP Morgan, Goldman, BOA and...

April 16, 2021
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Rising yields have markets seesawing, US dollar rising

Equity markets US markets dropped sharply overnight as inflation fears returned on the back of Treasury yields hitting their highest levels in more than a year. Investors are concerned the Federal Reserve will allow inflation to accelerate, after Wednesday’s policy meeting where they reaffirmed their commitment to easy money policies. As...

March 19, 2021
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DOW hits all time highs, Nikkei back to bubble era prices and Bitcoin’s wild ride.

Going into the month’s last day of trading, Global markets have performed well despite a sell off this week. Continued hopes that we’re on a path to economic recovery, with COVID vaccines rolling out and the subsequent drop in cases, have supported markets and drawn in investors. Global Equities Major US Indices all saw record highs, with the...

February 26, 2021
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US markets again hit all time highs and Gold loses its lustre

Equity markets US markets dipped last night with the Dow finishing down for the first time in 4 sessions. This came as the streak of better-than-expected economic data came to an end with initial jobless claims unexpectedly jumping to a one-month high last week. Retail giant and Dow 30 component Walmart (WMT) also weighed on the index dropping ...

February 19, 2021
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