Price and Analysis

Critical $47,000 resistance was broken in Bitcoin price

Bitcoin (BTC) price temporarily achieved $47,000 on September 15, which analysts see as a critical threshold on its way to reaching $50,000. BTC/USD 1-hour candlestick chart (Bitstamp). Source: TradingView Bitcoin bulls avoid another low test According to data from Cointelegraph Markets and TradingView, the BTC/USD pair managed to hold $47,000 …

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Exhausted bears started selling Bitcoin at a loss

Data has emerged showing that Bitcoin (BTC) bears are “exhausted” and even selling at a loss. Trading platform Decentrader analyst Philip Swift posted on Sept. 14. tweetHe noted an ongoing upward trend in the output earnings ratio (SOPR). Bitcoin bears run out of FUD trump SOPR, a classic data source …

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Bitcoin prepares for $47,000: Will strong resistance be broken?

The Bitcoin (BTC) currency is poised to challenge the critical $47,000 resistance thanks to dwindling supply and “exhausted” bears. BTC/USD 1-hour candlestick chart (Bitstamp). Source: TradingView Preparation for $50,000 retest BTC/USD on the Bitstamp exchange hit local highs above $46,600, according to data from Cointelegraph Markets and TradingView. The pair …

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