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Showing posts with the label moving average

Dogecoin Price Prediction as Elon Musk Twitter Deal Nearly Complete – Can DOGE Go to $1?

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Dogecoin is up 16% to trade at $0.0768 on Thursday as Elon Musk closes in on the Twitter acquisition deal expected on Friday. The largest meme coin, which boasts $10.56 billion in market capitalization, saw its volume burst to $2.26 billion as investors and traders beamed with hope for a potential rally to $1. Elon Musk Set to Close Twitter Deal on Friday The world's richest man, Elon Musk, has vowed to complete the acquisition of Twitter Inc. by Friday this week. According to Bloomberg, Musk revealed his plan in a video call with a team of bankers, aiming at fast-tracking the process. People familiar with the details of the conference call claim that a $13 billion debt financing facility has been gathered from selected banks. A credit agreement has been prepared and awaiting relevant signatures before the cash is wired to Musk. Twitter, Inc (TWTR) shares sprouted as investors reacted to the news and exchanged hands at $53.92, just a few cents short of Musk...

Bitcoin Price Prediction for Today, October 24: BTC/USD Trades at $19,331 as Correction Lingers

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The Bitcoin price prediction is slightly under $19,500 amid the struggle to extend the bullish leg above the $20,000 resistance. Bitcoin Prediction Statistics Data: Bitcoin price now – $19,331 Bitcoin market cap – $372.7 billion Bitcoin circulating supply – 19.1 million Bitcoin total supply – 19.1 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $22,000, $23,000, $24,000 Support Levels: $17,000, $16,000, $15,000 BTC/USD is trading around the 9-day and 21-day moving averages, as the market price remains above $19,000. During the European session today, the Bitcoin price trades near the $20,000 resistance. Initially, trading above $20,000 has been an uphill battle for the coin, while most of the price actions toward the upside stalled around this level. Bitcoin Price Prediction: Bitcoin (BTC) Could Remain Flat The break above $20,000 is going to be a big step for the Bitco...

Bitcoin, Ethereum Technical Analysis: BTC, ETH Lower on Saturday, as Bears Reenter the Market

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Bearish sentiment returned to cryptocurrency markets on Saturday, as bitcoin was once again in the red. The world&#x2019 ;s largest token moved lower to start the weekend, following yesterday’s surge towards $20,000. Ethereum was also down today, falling below $1,300 in the process. Bitcoin Bitcoin (BTC) was in the red to start the weekend, as bearish sentiment returned to cryptocurrency markets . BTC was higher on Friday, as market uncertainty eased, following the latest U.S. inflation report, however it seems as though this turbulence has returned this weekend. As a result, BTC/USD fell to an intraday low of $19,076.63 earlier in the day, less than a 24 hours after hitting a peak of $19,821.40. BTC/USD – Daily Chart Looking at the chart, the drop in price has pushed the 10-day (red) moving average (MA) close to an imminent downward crossover with its 25-day (blue) counterpart. In addition to this, the 14-day relative strength index (RSI) is now back below the 50....