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Bitcoin Bottom Near? 10x Research Weighs In

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  Explore the provided link to achieve a steady profit in Binance futures trading: https://telegram.me/btctradingclub Bitcoin could confirm an August bear-market bottom, though rising Treasury yields could force the Fed to raise rates in September, according to 10x Research. Bitcoin could confirm a bear-market bottom in August with a monthly close above $63,000, according to 10x Research. Markus Thielen, founder of 10x Research, said in a Monday report shared with Cointelegraph that Bitcoin closed July below the threshold needed to confirm a technical bottom. A monthly close near $63,000 would turn several of 10x Research’s cycle indicators bullish. Bitcoin was trading at $63,140 when the analysis was prepared, meaning a relatively small gain from July’s closing level could trigger the reversal signal. The company said it continued to favor long positions but would shift to a neutral stance if Bitcoin broke key support levels and moving averages. The base case ...

BTC Holder Ratio Signals Market Shift

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  Visit this link and make consistent profit in Binance futures trading, receive free bitcoin trading signals for the best automated trades – https://telegram.me/binancefuturesignal Wedson found that realized capital is increasingly concentrated among long-term holders while short-term speculative participation remains relatively low. Bitcoin dipped below $63,000 yesterday ahead of the FOMC meeting today but has recovered well over a grand since then. Prominent analyst Joao Wedson identified on-chain data that suggests BTC is nearing a historically significant accumulation zone. Long-Term Holders Take Control In his latest tweet, Wedson explained that he divided the Long-Term Holder Realized Cap by the Short-Term Holder Realized Cap to track where the market’s realized capital is concentrated. According to the Alphractal founder, Bitcoin formed major price bottoms on two previous occasions when this ratio moved above 4. The metric currently stands at 3.9, which mea...

3 Reasons Bitcoin Crashed Today

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Visit the link and get free insights on the Crypto trading signals, profitable Alt coins and Automated Bot trading – https://telegram.me/binancefuturesignal BTC went down by $4,000 from the local peak at $67,000 charted a week ago. It appears that essentially all relief rallies in the cryptocurrency markets over the past few months have been precisely that, as the firepower is simply not sufficient to provide enough force to change the bearish trend. The latest such example took place at the beginning of the current business week, as bitcoin was rejected after its push to $65,600 and dropped to a ten-day low of $63,000. Here are some of the potential reasons behind this. FOMC Uncertainty Given the timing of this correction, the most obvious first reason appears to be macro, as tomorrow is the next Federal Reserve FOMC meeting. Although the US central bank is widely expected to leave the federal funds rate unchanged at 3.50%-3.75%, this is shaping to be one of the least predictable deci...

Bitcoin Shows Signs of Bottoming Before Expected Cycle Low

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  Visit this link to consistently profit in Binance futures trading, receive free bitcoin trading signals, and access the Cornix trading Bot for optimal automated trades: https://telegram.me/cryptosignalalert Download our free app to receive signals on your mobile device: https://play.google.com/store/apps/details?id=com.freecryptosignals.app Grayscale’s head of research said that Bitcoin may have bottomed, arguing that macro factors, such as interest rate decisions as increasingly driving the price action of this maturing asset class. Crypto-focused asset manager Grayscale said that Bitcoin’s price may have bottomed earlier than the traditional four-year cycle, which would imply a cycle low in September or October. Grayscale’s head of research, Zach Pandl, argued that Bitcoin (BTC) has “grown up” as an asset and is increasingly driven by macroeconomic factors. “If the Fed forgoes rate hikes and economic growth holds up well, Bitcoin’s price may already have bo...

Ethereum Hits 10% Market Dominance Milestone

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  Visit the link and get free insights on the Crypto trading signals, profitable Alt coins and Automated Bot trading – https://telegram.me/binancefuturesignal ETH's jump in dominance has unfolded without a single obvious catalyst, making the recent rally harder to explain. Ethereum’s market dominance climbed back above 10% on Tuesday after weeks below that level, while the token outperformed every other top-10 cryptocurrency with an almost 9% gain in the last seven days. The move has rekindled bullish sentiment around ETH, even though one analyst is cautioning that no single event appears to have triggered the latest rally. ETH Retakes 10% Market Share as Sentiment Improves Data from CoinGecko shows Ethereum’s market cap at around $233.2 billion, with the total crypto market up nearly 2% and valued at just over $2.34 trillion. That put ETH’s share of the market at slightly more than 10%, a figure BIT analyst Markus Thielen described as a “psychologically important”...

US Sends $244M BTC to Coinbase: Trump Promise Broken?

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  Visit this link and make consistent profit in Binance futures trading, receive free bitcoin trading signals and Cornix trading Bot for the best automated trades – https://telegram.me/cryptosignalalert Visit – https://play.google.com/store/apps/details?id=com.freecryptosignals.app The US government also transferred some ETH to the exchange. According to data coming from Arkham Intelligence, wallets linked to the United States government have moved almost $300 million in bitcoin and ether to Coinbase Prime, reigniting concerns that Washington could be preparing to sell part of its massive BTC stash despite Trump’s previous pledge. The report noted that the moved bitcoin originated from assets seized in cases connected to convicted dark-web dealer Ryan Farace and the defunct BTC-e exchange. The ETH was linked to Brian Krewson, who was implicated in a crypto custody and money-laundering scheme. Will Trump Break His Promise? The transfers in question were for 3,94...