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Bitcoin Plunges Again Amidst Concerns of Mt.Gox Repayment-Driven Sell-OffPreface:On July 12, 2023, Bitcoin experienced another significant price drop, falling over 5% to breach the $55,000 mark, reaching its lowest point in a year

Bitcoin's "Paper" Mania: The Impact and Reflections of the Contract Market on the Spot MarketSince its inception in 2009, Bitcoin, with its decentralized and tamper-proof nature, has become the leader in the digital currency space, attracting countless investors. However, in recent years, the price trend of Bitcoin has become increasingly complex, no longer exhibiting the clear upward trend seen in its early days

Bitcoin Faces Resistance at $65,000: Short-Term Traders to Break Even, Highly Leveraged Shorts at RiskBitcoins price is attempting to recover from its June slump, but on-chain data suggests it may face resistance around the $65,000 level. While historical data shows Bitcoin usually exhibits a strong rebound in July, technical analysis and on-chain metrics indicate any rally this month could be capped by selling pressure at the $65,000 mark

Bitcoin Market Analysis for September: Breakout of the Range, $24,800 at Risk, Downward Trend Likely to ContinuePrefaceHello everyone, I'm Jing Shi. Today is September 1st, let's review the Bitcoin trend in August and look ahead to the market direction in September

Bitcoin Breaks Through $57,000, Up Over 0.6% on the DayOn July 8th, Bitcoin continued its upward trajectory, breaking through the $57,000 mark

Bitcoin Hits New High, Over $1.1 Billion Liquidated!On March 13th, Beijing time, Bitcoin surged, breaking through $59,000 per coin, reaching a new all-time high of $59,300

Bitcoin: Bulls and Bears Clash, Is a Bottom in Sight?The cryptocurrency market has been volatile recently, with Bitcoin prices experiencing a significant decline and now standing at a bullish-bearish turning point. While several technical indicators suggest a further drop, the strong buying activity from whales hints that a price rebound may be imminent

Bitcoin Pullback: Short-Term Holders Suffer Heavy Losses, Can the Bull Run Continue?Recently, Bitcoin prices have experienced a sharp pullback, triggering market panic and resulting in significant losses for short-term holders. According to on-chain data analytics firm Glassnode, Bitcoin prices plummeted over 16

Bitcoin: Religious Zeal or Financial Scam? A Heated Debate about the Future of MoneyBitcoin [BTC], the world's largest cryptocurrency, has gained unprecedented attention and support in the past few years. From its humble beginnings to its current status as an undeniable force in financial markets, Bitcoin's rise has sparked heated discussions about the future form of money

Germany Sells Bitcoin: Market Impact Gradually Slows, Bottom Bounce Expected?Since June 19th, German government-related wallets have frequently transferred large amounts of Bitcoin to exchanges and market makers such as Coinbase, Kraken, and Bitstamp for sale, sparking widespread market attention. This move is considered another major factor contributing to the recent decline in Bitcoin prices after the Mt

Bitcoin Nears Crucial Resistance, Test AwaitsBitcoin (BTC), the world's largest cryptocurrency by market capitalization, is at a critical juncture. Its price is currently approaching key resistance levels, with heightened market speculation as traders and investors closely monitor its future trajectory

Bitcoin Breaks $59,000, Ethereum Surges Past $3,100!The cryptocurrency market experienced a strong rebound today! Bitcoin surged past $59,000 per coin, marking a 1.93% gain for the day, indicating strong buying pressure