A Red Week But Bitcoin Still Bullish

Bitcoin Weekly Chart

A red week for Bitcoin and the cryptocurrency market. With only a few exceptions, almost every crypto experienced a decline this week. Bitcoin saw a stormy week in which the price dropped by a steep 20% to break beneath $50,000 and reach as low as $47,500 today.   Peter Brandt: ‘Laser eyes’ to blame for …

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Bitcoin: Is $70k in Sight?

Bitcoin Record High week

A week that sees Bitcoin break above the stiff overhead resistance at $61,825.84, indicating the resumption of the uptrend. The sharp rally also completed the breakout from the inverse head and shoulders pattern that has a target objective at $69,540. Bitcoin traded at a record high of $64.5k this week. Will Bitcoin continue an upward …

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Bitcoin Price Stalls But Market Still Bullish

The digital currency giant started the month with another attempt to breach the $60,000 benchmark level. Unfortunately, it was unable to overcome this resistance through the week as it set a range between $60,000 and $57,000. Despite Bitcoin moved sideways over the last week of trading as it sits at $58,600, experts echo the likelihood …

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Bitcoin Consolidating Recent Gains

Bitcoin Weekly Analysis

Taking about 10% fall in price in the past seven days, the cryptocurrency giant Bitcoin has experienced a fall throughout the week after slipping beneath an ascending trend line around the previous ATH from February at around $58,300, back on Monday. On Saturday March 20th, Bitcoin was rejected trying to break through the $60k resistance …

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Bitcoin Price Analysis: Resistance Stumbling Block For New ATH?

Having touched an all time high of $61k, Bitcoin experienced yet another week of volatility which sees the digital currency giant take a peel back and retracing to week low of around 53k. Most altcoins experienced similar trend however, some performed much better than others. Is Resistance the hurdle to setting a new ATH?   …

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Bitcoin’s Next Station $100k?

Current crypto market sentiment Cryptocaptain.com

Along the US goverment’s economic stimulus package and large investors’ crypto buyings,  the whole week witnessed a large rebound of Bitcoin from $49k to $57k after its recent correction since February 22. Will Bitcoin go above its all time high anytime soon? Exciting stimulus news makes impact? The crypto giant made gains on Sunday moving …

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Bitcoin Still To Break The 50k Resistance But Bull Rally Remains Strong On The Long-Run

Bitcoin technicals

Following an unstable week of price action that has seen inconstancy in bitcoin price, bitcoin continues to show infirmity in the region of $47,600. Having failed to break past the $52,000 mark, suggesting the possibility of more downside in the short term. The world’s largest cryptocurrency, Bitcoin currently trading at $47,600 experienced a massive correction …

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“The Road To Glory Is Always Bumpy” – While Bitcoin Corrects, Long Term Sentiment Is Still Bullish

The Road to Glory is Bumpy #Bitcoin

The past two days showed a 15% dip to the cryptocurrency king, Bitcoin. This dip has brought about panic as investors fear that further downward trend of the cryptocurrency could lead to more investors liquidating. Bybt reports via their twitter account that there’s been a total of $4.4 billion liquidated in the past 24hours. https://twitter.com/bybt_com/status/1364118435907526656?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1364118435907526656%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fpublish.twitter.com%2F%3Fquery%3Dhttps3A2F2Ftwitter.com2Fbybt_com2Fstatus2F1364118435907526656widget%3DTweet …

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Bitcoin hits $58k, sets new record high.

5 days bitcoin growth graph

Bitcoin increased about 28% in the last 7 days reaching an all time high of $58,335 in Sunday trade. Some reasons for this spike can be attributed to billionaire Elon Musk after his portfolio company Tesla invested about 1.5 billion USD and also stated that they would accept BTC as a form of payments for …

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Big Financial Institutions Are Quickly Adopting Cryptocurrency

Below are highlights of some recent adoptions by big financial institutions: 1. National central bank plans to license exchange offices to sell cryptocurrencies in Kyrgyzstan. Source: Akipress 2. ECB’s Largede says central banks holding BTC is “out of the question” The European central bank (ECB) believes that no global central bank will be holding Bitcoin …

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Is Bitcoin the New Gold?

Investors around the world are becoming increasingly worried about the effects of the Covid-19 pandemic on the global economy. As the inflation raises, many people are comparing bitcoin and gold to find out which of the two is a better store of value, and which is better at fulfilling the role of a safe-haven asset …

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Bitcoin sets new record highs. Will the bull run continue?

Bitcoin featured image

Bitcoin is up 5% in the last 24 hours and up 15% in the last 72 hours reaching a record high of 15,9K USD – a price last seen during the bull run of 2017. A possible explanation for the recent price surge could be the increasing odds of a Democratic US president. Recent election …

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CryptoCaptain: The FISHERMAN in the Salty Waters of Information

The FISHERMAN in the Salty Waters of Information

For a cryptocurrency signal service like CryptoCaptain it is of utmost importance to always have the latest information at hand, in order to maintain high accuracy. Such information comes in many different shapes and forms but one thing in common is a good source. Fishing for Quality sources Finding websites, which write about cryptocurrencies is …

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Teaching a computer to extract valuable knowledge for crypto investors from large amounts of news streams is a tough problem. To deal with it, we use techniques of natural language processing, information extraction, machine learning, and text classification.

CryptoCaptain: The SCIENTIST and the deep Seas of Data

The SCIENTIST and the deep Seas of Data

The Bull Market Compass combines knowledge from the fields of big data, sentiment analysis, and predictive analytics using methods of artificial intelligence. Our service is backed by more than 10 years of scientific experience in these fields by the founders.