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      Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

      Is the Russia-Ukraine War the Biggest Test for Bitcoin? Market Update

      Bitcoin ETFs could have the same result as CME group futures launch in 2017

      Bitcoin ETFs could have the same result as CME group futures launch in 2017

      featured image

      How Bitcoin can be hacked?

      keep bitcoin safe

      Keep Your Bitcoins Safe: All You Need to Know About Crypto-Cyberthreats

      featured image

      Bitcoin IRA – Everything You Need to Know

      A trillion dollar tsunami is about to hit Bitcoin

      A trillion dollar tsunami is about to hit Bitcoin

      featured image

      Why Bitcoin will always be the number one cryptocurrency? Explained

      Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

      Crypto markets mirror Wall Street’s fall- Loses 100 billion in 24 hours and Delta Plus Variant creates extreme fear

      On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

      On-chain shows Divergence against Bearish Price-Action, But Bitcoin continues to stay in the Re-Accumulation Phase

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      Bitcoin can hit 10000$ this week

      Hitesh Malviya by Hitesh Malviya
      February 5, 2020
      in bitcoin, Trade Signal, Trading
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      bitcoin 10000$
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      Bitcoin price recently bounced off from 9100$ support area after a drop from 9600$, and currently trading above 9300$. Bitcoin is looking bullish on Lower, and Higher time frame charts and Price should hit 10000$ this week.

      Let’s discuss technicals that suggest 10000$ is next for Bitcoin.

      BTCUSD -1D (Bitstamp)

      Bitcoin price is in an uptrend channel

      Bitcoin price is trading in an uptrend channel. Channel resistance is sitting at around 10200$, and support is at just below 8800$. Bitcoin can test channel resistance at 10200$ before any significant drop towards channel support below 8800$.

      Golden cross formation

      The golden cross formation has appeared on the Daily timeframe chart yesterday, Golden cross appears when 50 Moving averages meet over 100 Moving averages.

      Last time, a similar pattern appeared in March last year, Bitcoin reached 14000$ after three months, recorded a 280% gai

      Looking at technicals, we are expecting Bitcoin to reach above 10000$ this week.

      Must Read- https://itsblockchain.com/cryptocurrency-market-weekly-update-3/

      Hitesh Malviya

      Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
      Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.

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