Coinhouse Blog: Archives of Past Articles

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Bitcoin about to confirm a long-term bullish reversal

The uptrend seems to be confirmed in the cryptocurrency market. Bitcoin is up another 7% in the last seven days. More importantly, the price is now in contact with the €8,400 to €8,550 ($9,200 to $9,400) pivot zone. Even if other technical resistances are higher, the breakout of this range will trigger a long-term bullish […]

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Bitcoin's uptrend driven by the regain of interest from institutional money

This week was mainly a week of consolidation in the cryptocurrency market. Bitcoin is stable over the last seven days, losing just 1%. Sideways action continues around €7,800 ($8,600). This consolidation pattern is still positive for the uptrend that began in early January, as long as the price remains above $85,00. A breakout of the […]

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Is this a signal for the crypto market to enter a new bull phase?

The cryptocurrency market shows a very optimistic scenario this week, especially on some altcoins. Bitcoin has gained 7% over the last seven daysm trading around €7,900 ($8,800) and breaking through a key resistance. Altcoins offer more impressive gains over the week. If Ethereum gains +15%, other assets literally explode: Bitcoin Cash with +41%, Litecoin with […]

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Bitcoin's rise in early 2020, trap or real reversal?

The cryptocurrency market does not start 2020 as it ended 2019. Since January 3, all the cryptos have been on the rise. Bitcoin has gained 16% over the last seven days and is approaching a key resistance at €7,700 ($8,500). Ethereum jumps 12% in one week. In the market top 20 , assets such as […]

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Crucial week for Bitcoin, trying to hold $6500

Another difficult week for the cryptocurrecy market. Within a strong correction that has been going on for 6 months now, Bitcoin is loosing 8% over the last seven days, falling back to the €6,000 ($6,600) level. This level, already tested on November 25, seems to be about to break this time, with the risk of […]

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Bitcoin: $7,900 to break for a new bull trend

Stable week for Bitcoin, with -0.70% trading at €6,530 ($7,230) on December 11. While major altcoins such as Ethereum are also stable, other ones with poor liquidity have experienced significant losses this week. The market is still waiting for the next clear direction of the Bitcoin price. A cross of €7,100 ($7,900) would be a […]

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This price action could mark the end of the correction on Bitcoin

This price action could mark the end of the correction on Bitcoin

Mixed feelings this week on the cryptocurrency market with Bitcoin stable at +4.7%, at €6,800 ($7,550). Following a bounce, the market has been on a downtrend again since November 30. The €6,000 ($6,500) level remains the most recent low to watch. Ideally, the price should remain above the €6,600€ ($7,200) pivot to hope for a […]

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Two scenarios for a bullish reversal on Bitcoin

Panic selling on the cryptocurrency market this week. Bitcoin is losing 10.3% over the last seven days, trading around €6,300 ($7,000) on November 27. The price even approached €6,000 ($6,500) on November 25, with a very negative sentiment about the market, especially on social media. Altcoins are almost all dragged into this dowtrend spiral. Despite […]

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Bitcoin drops to $8,000 but remains long-term bullish

Bearish week for the cryptocurrency market. Bitcoin lost 8.4% over the last seven days, falling back to the €7,250 ($8,000) level on November 20. This decline in Bitcoin has also stopped most of the increases observed last week on altcoins. However, since the beginning of 2019, Bitcoin’s return on investment has remained above 100%. The […]

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