Tag: 103K

Market Wrap: Bitcoin Stuck at $10.3K; Uniswap Value Locked Gyrates

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It was a quiet day in the bitcoin market while there was action on Uniswap’s total crypto value locked. Bitcoin (BTC) trading around $10,316 as of 20:00 UTC (4 p.m. ET). Slipping 0.13% over the previous 24 hours. Bitcoin’s 24-hour range: $10,199-$10,383 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since September 9. Source: TradingView The price of bitcoin was struggling to trend upward Friday, staying in a narrow $10,200-$10,380 range to start the weekend.  “Bitcoin has traded off this…

Market Wrap: Bitcoin Makes Headway to $10.3K; Ether Volatility Highest Since May

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Bitcoin is eking out gains Wednesday while ether’s volatility is up on DeFi drama. Bitcoin (BTC) trading around $10,299 as of 20:00 UTC (4 p.m. ET). Gaining 2.7% over the previous 24 hours. Bitcoin’s 24-hour range: $9,818- $10,349 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since Sept. 7. Bitcoin is slowly making gains Wednesday, reaching as high as $10,349 as of press time.  Read More: Bitcoin’s Correlation With Gold Hits Record High “After the Sept. 2-3 drop, bitcoin has…

Be Short After $10.3K Bitcoin Price ‘Head Fake,’ Veteran Trader Warns

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Bitcoin (BTC) hitting highs of $10,300 this week isn’t a breakout and investors should brace for losses, renowned analyst John Bollinger has warned. In a tweet on June 2, the Bollinger Bands indicator creator said that the largest cryptocurrency’s brief trip to three-month highs was an anomaly. Bollinger to traders: be cautious or short According to charts showing Bollinger band behavior for BTC/USD this week, the spike above $10,300 took the pair into territory which normally dictates an upcoming bull run. Bollinger bands use two standard deviations to plot a…