Dana Weeks talks to EWI’s Currency Analyst Jim Martens, about what it REALLY means when headlines about financial markets turn extreme. Case in point: Bitcoin.

 

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BTC/USD $10,000 is hanging on for now but remains vulnerable

Bitcoin price on Thursday is trading in minor positive territory by 0.20%. BTC/USD has found critical support via the daily from an ascending trend line. Buyers are heavily trying to defend the $10,000 price area. Determination from the buyers can be observed around the $10,000 mark. The upside is limited near-term by an area of supply seen at $10,100-200 range. 

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BCH/USD produces double bottom, the price jumps 3%

BCH/USD has found some buying interest around the $300 price territory, hitting a double bottom formation. 

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EOS/USD is heading for some serious technical levels

Price action points to a move higher but volumes dont confirm the move. Market found support at 3.30.

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Another crypto futures exchange is soon to be announced

CoinFlex raise USD 10 million to create a futures exchange! Now Bakkt are finally launching their long-awaited futures exchange it seems that CoinFlex will be a serious rival.

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BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Safe-haven or a high-yield asset? Bitcoin qualifies for both

The cryptocurrency market has been a mixed picture this week. Bitcoin attempted to settle above $12,000 practically every single day of the week...

Read the weekly forecast

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