Bitcoin Trading Within A Clear Price Range Amid Market Whirlwind – Expert

Quick Summary:

Bitcoin, the flagship cryptocurrency has continued its bearish momentum, potentially heading to the $50,000 mark after failing to reach the $73,000 level once again.

However, Doctor Profit, a well-known crypto expert and enthusiast considering the price movements has identified that Bitcoin is currently trading within a clear price range, suggesting a period of consolidation.

With speculations about whether Iran will strike back and how Israel will retaliate swelling in the crypto industry, the expert asserted that each scenario could either alleviate the market’s anxiety or increase it.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: HungaryIsrael

Topics: Doctor Profit Mike Alfred Middle East Crisis Moving Averages Bitcoin Bitcoin News Local Bottom BTCUSDT Btc Fibonacci Resistance Wicks Btcusd Consolidation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-05 @ 17:30:46 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 497 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21940044

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 19 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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