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Bitcoin (BTC) Revisits Critical Support, Decisive Moves Expected Ahead

Bitcoin (BTC) revisits a critical support and is now resting above the 38.2% Fib extension level which corresponds to a price of $3,955. If the price remains to hold above this level, we could see BTC/USD rise towards $4,200 or higher in the days ahead. This is expected to be the final move to the upside for Bitcoin (BTC) before the next major decline. Daily trading volume is still on the decline and the bulls do not seem interested to take charge just yet. However, a rise from current levels is going to be a quick one and the price...

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Ripple (XRP) Slides Below 50 Day MA, Odds Of A Bullish Comeback Still High

Ripple (XRP) has broken below the 50 day moving average but there is still hope of a bullish comeback in the near future. This is because XRP/USD is now massively oversold on the daily time frame. The situation is a lot more interesting on the XRP/BTC front as we will discuss in this analysis. Ripple (XRP) has been ignore for the most part since the beginning of this year. A series of negative developments seem to have hurt its chances of bullish growth in sync with the rest of the market since the beginning of the year. However, all of...

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Ethereum (ETH) Consolidates Above 50 Day MA, Price Likely To Retest $163

Ethereum (ETH) is consolidating above the 50 day moving average as it struggles to break past the 38.2% fib extension level. This breakout would push ETH/USD towards the 200 day moving average with a wick to $163 for a retest of the previous resistance. We would expect ETH/USD to close below the 200 day moving average as trading conditions on longer time frames are still not favorable for a sustained breakout to the upside. We could see a day or two of rallies which would push Ethereum (ETH) towards the 200 day moving average but the price is extremely unlikely...

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Ripple (XRP) Is Days Away From Its Most Anticipated Breakout In Months

Ripple (XRP) is at an interesting point in time as the price is currently days away from a massive breakout against Bitcoin (BTC). The weekly chart for XRP/BTC shows how oversold Ripple (XRP) currently is against Bitcoin (BTC). The price is currently trading above the 50 day moving average but could soon break out of the symmetrical triangle to shoot to the upside. This breakout has the potential of being of the strongest breakout in Ripple (XRP)’s trading history. We do not know yet what the catalyst for this breakout might be but the charts tell us that something big...

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Rising Interest In Long Term Treasury Bonds Means Bad Days For Bitcoin (BTC)

Bitcoin (BTC) is at risk of further decline as fears of a recession loom over. The bond market has historically been a very good indicator of an upcoming crisis. Whenever, the yield curve goes negative, it is a cause for alarm as investors become more cautious about short term bonds and get more interested in long term bonds. We have just seen a negative yield curve for the first time since the last financial crisis. This does not look good for the stock market in general and the cryptocurrency market in particular. The reason Bitcoin (BTC) and the cryptocurrency market...

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