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What Is Bitcoin’s Next Move Now?

It has been a very interesting day for Bitcoin today. We saw BTC/USD spike up towards $9.5k to shake out that last wave of retail bears. They were caught off-guard by this move because many expected that the move was complete. In a way, it was complete because BTC/USD has retraced down to the previous candle but it was not complete in the way of a stop hunt. I expected the last wave of bears to be shaken out soon before they had time to prepare and get out of the market. It happened and we are now more likely...

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Bitcoin's alive! Price movement crosses $9000 key resistance level

Earlier this week, the leading cryptocurrency saw a massive spike in its price.  This spike pushed the price close to $9000 and as we started today, the price has passed that resistance level.  This all comes off the back of a long sidewards movement for the king coin. Earlier this week on 29th of April, the leading cryptocurrency saw a massive spike in its price. This unexpected spike pushed the price of bitcoin close to $9000 and as we started the 30th of April today, the price has passed that resistance level and is currently trading just over $9200 at...

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BTC/USD Loses Staring Match with 9000 - For Now: Sally Ho's Technical Analysis 30 April 2020 BTC

Bitcoin (BTC/USD) continued to trade above the 8000 figure early in today’s Asian session as the pair was able to sustain the strong gains it notched during yesterday’s Asian, European, and North American sessions, with the pair trading as high as the 8950.00 area.  Traders elected Stops above the 7832.92 area during the climb higher, a level that represents the 76.4% retracement of the recent depreciation from 7996.48 to 7335.79.  Other important levels above which Stops were reached are the 7751.67, 8162.36, and 8405.58 areas, downside price objectives related to selling pressure that commenced in February around the 10522.51 area. ...

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Bitcoin Pumped Past $8k. What Now?

Bitcoin has finally done what we have been expecting for weeks now. The price shot up past $8k and the bulls seem to have taken control for now. This is a point where a lot of retail traders will get very excited especially as all this is happening before halving. Most prominent Bitcoin figures are also reaffirming their bullish targets of $200k and higher to spark more bullishness in the market. The simple principle of “be fearful when others are greedy and vice versa” works well at all times even in this market. Just before this big move, many traders...

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Are we experiencing the Bull run to the halving?

Is this the calm before the storm? Does bitcoins bullish activity have anything to do with the upcoming halving? The question on everyone’s lips right now is where will bitcoin go from here? Earlier today, the leading crypto coin passed its $8000 key resistance level leaving many community members and investors excited for what will come next. Some investors and analysts say that the bitcoin bulls are not going to meet any resistance until $9000 however, only time will tell. Halving  As the halving is less than 13 days away at the time of writing, many believe that the momentum...

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