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Bitcoin (BTC) Diamond Formation Sparks Hope For Swift Bullish Recovery

Bitcoin (BTC) has been trading sideways for the past few weeks which has made a lot of investors pretty nervous because the last time something like this happened, we saw the price crash massively towards a new yearly low. There are still a lot of analysts and investors that expect the same thing to repeat but we have reasons to believe that none of that may happen this time. Bitcoin (BTC) has been trading inside a symmetrical triangle for the past few weeks but it was difficult to see which way the price may eventually break out. However, now we...

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Bitcoin (BTC) Accumulation Expected To Continue Until A Year To Next Halvening

In its entire trading history, Bitcoin (BTC) has begun a new bullish cycle every time roughly a year before its next halvening. It happened in November, 2011 approximately a year before Bitcoin (BTC)’s halvening in December, 2012. It happened again in August of 2015 just before the halvening in July, 2016. Now, the next Bitcoin (BTC) halvening is expected around May, 2020 which means if Bitcoin (BTC) were two do what it has done in the past, we should see the price start rallying towards the end of May this year. That also means that before that, the price will...

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Litecoin (LTC) Expected To Remain Range Bound Until A Break Above $34

Litecoin (LTC) is trading in a tight range just above $30 and below $34. The price has traded in this range for the most part since beginning of the year. However, the 4H chart for LTC/USD shows that we might be close to a break above $34 in the weeks ahead as LTC/USD is poised for a break out towards the top of the ascending channel it is trading in. RSI on the 4H timeframe shows that there is room for significant correction to the downside should the price fall below this ascending channel. However, the support at $29.56 is...

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Ethereum (ETH) Consolidates Above Local Bottom Before Next Decisive Move

Ethereum (ETH) was trading in a tight range since December of last year but for the past few weeks, the price has been consolidating above a local bottom with no clear direction. The 4H chart for ETH/USD shows that the price is very unlikely to break below $115. The most probable scenario after weeks of consolidation would be to expect Ethereum (ETH) to resume its rally towards $160. If the price continues to remain range bound between $160 and $115, it could ultimately culminate in a strong breakout to the upside as a bull flag is formed. RSI for the...

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Will Bitcoin (BTC) Really Take 10 Years To Return To $20,000?

Bitcoin (BTC) is consolidating above $3,600 before its next big move but market sentiment is not very optimistic. In fact, the sentiment seems to have become even more bearish after BTC/USD capitulated in December. When the sentiment is overly bullish, we see people like John McAfee talk about a price of $1 million per Bitcoin (BTC) but when the sentiment is overly bearish; we see some of the most respected figures in the industry give statements that would appear completely ludicrous to someone analyzing the current situation from a neutral perspective. One of such statements was recently made by Charles...

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