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Bitcoin Bulls Still Not In Control

Bitcoin bulls are not in charge despite the recent attempts to save the price from crashing further. These are merely orchestrated attempts to keep the price at these high levels while the big players cash out because it will be a very long time that we see these prices again once the downtrend begins from here. Meanwhile, NASDAQ (NDAQ) has also made a new all-time high which is a sign that we might be very close to a major correction from here. Most always when NASDAQ has made a new ATH, we have seen a sharp correction follow after a...

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Could BTC return to it’s high of $20,000? New Bloomberg report suggests so

Bloomberg recently released a report that reveals that the company is expecting bitcoin to potentially return to its all-time high of $20,000, if not $28,000… The report goes on to suggest that COVID-19 sped up the shore nature of bitcoin as an asset. Bloomberg recently released a report that reveals that the company is expecting the leading cryptocurrency, bitcoin to look back on 2017 and potentially return to its all-time high of $20,000, if not $28,000… The report by Bloomberg goes on to suggest that the current pandemic brought on by COVID-19 sped up the shore nature of bitcoin as...

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9656 an Early Hurdle for BTC/USD: Sally Ho's Technical Analysis 4 June 2020 BTC

Bitcoin (BTC/USD) continued to orbit the 9500 level in today’s Asian session as the pair encountered buying pressure around the 9385.22 level during yesterday’s European session and was capped around the 9649.99 area during yesterday’s North American session.  Earlier this week, the pair fell sharply from the 10428 area to the 9270 area and Stops were reached below the 10004.36, 9742.28, 9530.47, and 9318.65 areas, retracement levels related to the recent appreciation from 8632.93 to 10428.00.   Another very important range is the appreciation from 8106.70 to 10428.00, and Stops were triggered below some of its related retracement levels including the...

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Bitcoin Crashed. What To Do Next?

The price of Bitcoin crashed just after our last video analysis in which we clearly said that this was one of the biggest bull traps in Bitcoin history and that it was very unlikely for the price to begin an uptrend above $10k even though it was a break of a strong psychological resistance. The reason we said that was because we are still in distribution, not accumulation. To understand what happens short-term, it is important to pay attention to what happens long-term. The bigger play here is very obvious and that is the whales and miners trying to get...

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The Most Bitcoin-Friendly European Countries

The emergence of Bitcoin appears to be good news to people who subscribe to a cashless world and have been awaiting for a technology that would replace the traditional banks. Just like all emerging technologies (like the VR for instance), Bitcoin too has obvious features that offset the weakness of the physical banks, and its emanation was welcomed by many until some countries like China started a massive crackdown for speculated reasons. South Korea followed suit briefly with the idea that Bitcoin is a threat to the global economy, and can be used as a tool for money laundering if...

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