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Steady BTC/USD Buying Has 9092 Level Back in Sight: Sally Ho's Technical Analysis 13 May 2020 - BTC

Bitcoin (BTC/USD) continued its movements around the 9000 figure early in today’s Asian session after traders elected Stops above the 8860.12 level during yesterday’s North American session, a level that represents the 38.2% retracement of the recent depreciation from 10079 to 8106.70.   The market steadily climbed higher to the 8982.90 area, and traders await indications as to whether or not BTC/USD has the energy to test upside retracement levels related to the depreciating range, including the 9092.85, 9325.58, and 9613.54 areas.  During Monday’s North American session, the pair quickly fell to the 8185.00 area, not too far above the 8106.70...

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Bitcoin Might Have A Surprise For Us

Bitcoin halving turned out to be the opposite of what the consensus was hoping for but the consensus is wrong most of the time. The FOMO was priced in and as we got close to halving, the big players dumped on the retail traders. So, what could the retail traders have done? At the very least, they could have bought the rumor and sell the news. It was very unreasonable to expect BTC/USD to rally after halving and we constantly warned against a major crash. This is certainly not that “major crash” as it has yet to be seen and...

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Gemini & Coinbase team up with JP Morgan Chase in a surprising collaboration

JP Morgan Chase has, according to reports, taken on the United States crypto platforms Gemini and Coinbase as customers. A report came out earlier this week that referenced sources in relation to the matter who highlighted that the move is the first time the banking institution has been involved or served customers from the crypto space. One of the biggest banks in the United States, JP Morgan Chase has, according to reports, taken on the United States crypto platforms Gemini and Coinbase as customers. A report came out earlier this week on the 12th of May that referenced sources in...

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Paul Tudor on BTC: cash is a wasting asset

Paul Tudor has given his views on the leading of cryptocurrency.  He said that bitcoin has a lot of potential and can seriously benefit the world as it quickly moves into more digital areas. Taking part in The CNBC segment squawk box, the well-known hedge fund manager and Tudor investment founder, Paul Tudor has given his views on the leading of cryptocurrency. He said that bitcoin has a lot of potential and can seriously benefit the world as it quickly moves into more digital areas.  He further went on to say that as the world moves more and more digital,...

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Why a bitcoin halving could never be priced in

The halving occurred this week and there are many people out there that are highly anticipating what it could lead to in the future.  Many people believe that the event would surge bitcoin to new highs and even though that hasn’t happened yet, never say never… The bitcoin halving occurred this week and even though nothing has happened as of yet to the price of bitcoin, there are many people out there that are highly anticipating what it could lead to in the future. Many people believe that the event would surge bitcoin to new highs and even though that...

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