Bitcoin’s sharp fall from $50K linked to stronger US dollar, gold — Correlation shows

Bitcoin (BTC) and spot gold hovered below their key psychological levels on Wednesday as a stronger United States dollar weighed on investors’ appetite for hedging assets.
The BTC/USD exchange rate dropped 5.

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Bitcoin’s key momentum metric just flashed bearish with BTC price pinned under $50K

The run-up in the Bitcoin (BTC) price toward $50,000 last week risks exhaustion due to a mismatch between the cryptocurrency’s price and momentum trends.
So it appears the Bitcoin’s price and relative strength index (RSI) have been moving in the opposite direction since late July.

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Bitcoin futures open interest at 3-month highs — But will it be enough to overcome $50K?

Bitcoin (BTC) futures open interest has recovered to May levels, raising optimism about a potent bullish breakout move above $50,000.
The total number of outstanding futures contracts on the Deribit exchange reached $1.37 billion on Monday, its highest level since May 27.

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Bitcoin ‘sell the rally’ indicator flashes again as BTC price breaks below $45K

A Bitcoin (BTC) on-chain indicator that spotted dead cat bounces during the yesteryear bearish market corrections has flashed again in August 2021.

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Bitcoin hits $45K ahead of July inflation report, but one fractal hints at looming correction

Bitcoin (BTC) reached its highest level in more than two months with just a few days remaining before the July inflation report.
The top cryptocurrency climbed 1.65% to $45,363 on Aug.8, continuing the upside momentum that has already seen it jumping 21.62% from its August 5 low of $37,300.

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3 reasons why Bitcoin can suddenly explode to a new $50K-$65K range

A combination of multiple indicators tracking Bitcoin (BTC) blockchain would continue the benchmark cryptocurrency’s price rally further into 2021, popular on-chain analyst Willy Woo anticipates.

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Bitcoin chart fractal suggests BTC price will rally to at least $80K by September

While Bitcoin’s (BTC) price has slipped by more than 8.2% after rising to $42,230, the 43.5% rally included 10 consecutive days of gains. But despite BTC currently trading at around $39,700 as of Aug. 2, some analysts anticipate that it can rise by another 100%.

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Bitcoin accumulation accelerates among ‘whales’ and ‘fish’ with BTC rallying to $40K

Both small and rich Bitcoin (BTC) traders accumulated the benchmark cryptocurrency en masse during the period its prices rose from below $30,000 to over $40,000, signaling their confidence in the asset’s long-term bullish setup.

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Bitcoin price weekly outlook: BTC bulls await breakout above 50-day EMA

A four-day winning streak brought the Bitcoin (BTC) prices closer to testing its 50-day exponential moving average (~$35,115) as resistance.

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