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Outside Bar Leads to Strong BTC/USD Gains: Sally Ho's Technical Analysis 24 October 2020 BTC

Bitcoin (BTC/USD) encountered volatility early in today’s North American session as the pair depreciated to the 12925.89 level and traded as high as the 13105.06 area, a significant outside bar that saw bids tested around the 23.6% retracement of the appreciating range from 11876.51 to 13250.04.  Some Stops were elected above the 13087.36 and 13097.86 areas during the climb higher, representing the 76.4% and 78.6% retracements of the recent depreciating range from 13200 to 12722.72.  Earlier this week, buying pressure emerged around the 12865 area, just below the 12872.93 area that represents the 61.8% retracement of the recent appreciating range from 12670.67...

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How bitcoin investing today is like that of Apple or Google according to Paul Tudor Jones

Quick take 1 minute read Paul Tudor Jones made his initial investment in the leading cryptocurrency earlier this year in May and has recently said that he likes bitcoin even more than he did then. The fact that a 66-year-old has shown a keen interest in a nascent industry such as crypto is very exciting and important for crypto adoption. The well-known Wall Street investor and billionaire, Paul Tudor Jones made his initial investment in the leading cryptocurrency earlier this year in May and has recently said that he likes bitcoin even more than he did then. The fact that...

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How institutional interest is having an impact on the BTC price

Quick take 1 minute read How bitcoin reacted to the announcement from PayPal. Institutional interest in the leading cryptocurrency. Following the news of PayPal getting further involved in the crypto space earlier this week, the price of bitcoin spiked above the $12,000 Key resistance level. Of course, the announcement from PayPal was very exciting for many people within the industry as it fueled hope that the move from the payments network could bring cryptocurrency to a brand-new audience and further mainstream adoption. One of the things that are more bullish when it comes to bitcoin in the long term is...

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12872.93 Emerges as BTC/USD Technical Support: Sally Ho's Technical Analysis 23 October 2020 BTC

Bitcoin (BTC/USD) ceded some gains early in today’s North American session as the pair depreciated to the 12946.35 level after trading as high as the 13200 area during the Asian session.  Buying pressure emerged around the 12865 area during the European session, just below the 12872.93 area that represents the 61.8% retracement of the recent appreciating range from 12670.67 to 13200.  Another appreciating range that traders are monitoring is the ascent from 12698.02 to 13200.00.  Notably, bids emerged just below the 12949.01 area during the North American session, an area that represents the 50% retracement of the narrower appreciating range.  A couple...

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BTC/USD Eyeing 13039.17 Levels on Rebound: Sally Ho's Technical Analysis 22 October 2020 BTC

Bitcoin (BTC/USD) continued its climb early in today’s North American session as the pair appreciated to the 12935.04 level after trading as low as the 12670.76 area during the Asian session.  The pair had earlier traded as high as the 13250.04 area during the Asian session, its strongest print since June 2019.  Chartists are noting that the pair ran out of steam around the 13032.44 area during the European session, just below the 13099.17 area that represents the 61.8% retracement of the recent depreciating range from 13250.04 to 12698.02.  Additional upside levels in this depreciating range include the 13119.76 and 13131.91 areas. ...

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