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How Long Is Bitcoin (BTC) Going To Trade Sideways?

Bitcoin (BTC) does not have a long trading history unlike the S&P 500 or the Dow Jones Industrial Average. However, it is quite interesting that the ten years of data we have for BTC/USD sometimes offers more clues than the decades of data for other markets. Perhaps this is because markets today are moving at a significantly faster pace and things that used to happen in years and months are now happening in weeks and days. If we look at the ten years of trading data that we have for Bitcoin (BTC), we can see that we have only had one...

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Why Bitcoin (BTC) Is Not Likely To Fall Below $3,000

Bitcoin (BTC) has been through an extensive bear market that lasted a whole year. Most investors in this space are not used to such prolonged periods of downtrend, not after the late 2017 rallies when cryptocurrencies would rise by 10% or higher every passing day. These days there is a rally followed by a balancing act that sees the price close to where it was before the rally started. So practically, there is no decisive movement, neither to the upside nor to the downside. The last few months have been brutal for BTC/USD. Soon as the price broke below the...

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Ethereum Classic (ETC) To Retest Trend Line Resistance Against Bitcoin (BTC)

Ethereum Classic (ETC) is on track to test trend line resistance against Bitcoin (BTC) in the weeks ahead. The daily chart for ETC/BTC shows that Ethereum Classic (ETC) has been trading in a triangle since March, 2017. Ethereum Classic (ETC) is one of the few coins to have bled for this long against Bitcoin (BTC). This downtrend is yet to see an end although there is now a strong probability that ETC/BTC may break out of the triangle during the upcoming rally. This would be very unlikely to happen during the first attempt. Ethereum Classic (ETC) certainly has enough room to...

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Ripple (XRP) Has Been Trying To Break Above $0.40 For More Than A Week Now

Ripple (XRP) has been trying hard to break past $0.40 for more than a week now but it has failed so far. The price has run into a strong resistance at the 38.2% Fibonacci retracement level. However, XRP/USD has defended a fall against the 21 day EMA. For the last few days, we have seen Ripple (XRP) rise along with the 21 Day EMA which has made it easier than before to break past $0.40. Ripple (XRP) is at the bottom of the ascending channel it is trading in against the US Dollar (USD). However, the price is ready to take...

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S&P 500 Future Outlook Hints At Green Months For Bitcoin (BTC) Ahead

Bitcoin (BTC) is waiting for direction as the bear market has finally come to an end. It may still take a long time for the price to recover, but the downtrend seems to be over for now. The S&P 500 (SPX) points to a similar situation in the stock market. Trade war tension between US and China is beginning to alleviate and the market seems ready for a buy back season. That being said, the recent decline in Apple’s stock has sparked a new wave of fear in the market and investors seem more convinced than ever that the market...

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