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BTC/USD Reverses Lower After Testing 9200: Sally Ho's Technical Analysis 14 May 2020 BTC

Bitcoin (BTC/USD) reversed some of its recent upward gains early in today’s Asian session as the pair continued to move lower and trade around the psychologically-important 9000 figure after trading as high as the 9200 figure during yesterday’s North American session.  Traders stopped just short of testing the 9223.87 area, representing the 23.6% retracement of the recent appreciation from 6456.00 to 10079.00.  Another important range that traders are carefully monitoring is the recent depreciation from 10079.00 to 8106.70.  The markets moved back above the 9092.85 level during the climb higher over the past couple of days before coming off, representing...

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Bitcoin Inches Closer To A Crash

Bitcoin has seen some scary bearishness the past few days which has made the bears very confident. Many of them have entered aggressive short positions in anticipation of a major crash. While I do believe that we will see that crash, I don’t think it is going to happen when everyone is expecting it. Most such moves catch the average trader off-guard. This was true of the rally from $7.7k as well as the recent crash. Now that BTC/USD is knocking at the key resistance of $9k having already broken the trend line support, we expect further bullishness near-term. However,...

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How to Use a Bitcoin Investment Calculator

When using an online calculator to determine bitcoin calculator profit, you will need to input a start date, end date, your starting investment, and then the calculator will adjust for inflation. Trading in bitcoin can be much more volatile than other commodities, with no close in the market, so all potential investors should keep the relative instability of this digital currency in mind when viewing calculations. When using an online calculator to determine bitcoin calculator profit, you will need to input a start date, end date, your starting investment, and then the calculator will adjust for inflation. Trading in bitcoin...

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Harsh capitulation has potential to occur on the BTC network

When the bitcoin halving took place yesterday, many experts and analysts in the industry expected the price of the leading assets to skyrocket.  However, as of yet, nothing significant has happened to the price of BTC. When the bitcoin halving took place yesterday, many experts and analysts in the industry expected the price of the leading assets to skyrocket. However, as of yet, nothing significant has happened to the price of BTC.  As the leading crypto coin trade sideways following the highly anticipated event, one hedge fund manager, Matthew D’Souza has said that the sideways trading could lead to a...

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Binance close to hitting an all-time high for new users following the halving

Binance has almost hit an all-time high as it continues to reach every corner of the world by facilitating crypto trading in different jurisdictions.  This comes as more countries warm up to crypto and ease their regulatory stance to this new technology. One of the biggest crypto platforms in the space, Binance has almost hit an all-time high in new user registrations as it continues to reach every corner of the world by facilitating crypto trading in different jurisdictions. This comes as more countries warm up to crypto and ease their regulatory stance to this new technology.  The platform has...

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