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Ripple (XRP/BTC) Extends Recent Gains Against Bitcoin: Chart of the Day 9 April 2020

Chart of the Day – 9 April 2020XRP/ BTC – Daily In this Daily chart of Ripple / Bitcoin (XRP/ BTC), there is an appreciating range from 0.00002376 to 0.00002714. We can observe that the market then depreciated to the 0.00002570 level (identified by the blue up arrow), right around the 0.00002585 level that represents the 61.8% retracement of the appreciating range. We can observe that the market then appreciated to the 0.00002683 level (identified by the yellow down arrow), right around the 0.00002696 level that represents the 38.2% retracement of the appreciating range. Thereafter, we can observe the market...

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Bitcoin Inches Closer To The Next Decline

Bitcoin is still trading above $7k but it does not have much room to rise significantly higher. The daily chart for BTC/USD shows that the price has run into resistance at the 50-day moving average. It might end up breaking past that near-term to test $7.7k which corresponds to a previously broken market structure. The market as a whole is at risk of a major decline up ahead. These next few days are going to be very critical. We might see the price trade sideways for a while and then the major decline would kick in same as last time,...

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Social capital CEO predicts BTC could hit the roof or the floor

The CEO of social capital, Chamath Palihapitiya made comments saying that the price of bitcoin will either reach millions or drop down to nothing. For the Facebook exec, the question of whether the cryptocurrency succeeds will be determined by the existing financial system. Whilst talking to one of the most prominent figures in the crypto space, Anthony Pompliano, the CEO of social capital and the former executive at Facebook, Chamath Palihapitiya made comments saying that the price of bitcoin will either reach millions or drop down to nothing. For the Facebook exec, the question of whether the leading cryptocurrency succeeds...

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Former UFC fighter promotes bitcoin halving by changing his Twitter name

In May, the crypto industry is set to experience a change with the leading cryptocurrency going under its block reward halving.  Interestingly enough, one well-known ultimate fighting championship (UFC) fighter has been promoting it on his social media account. In May, the crypto industry is set to experience a change with the leading cryptocurrency going under its block reward halving. Interestingly enough, one well-known ultimate fighting championship (UFC) fighter has been promoting it on his social media account. Ben Askren, the former UFC fighter and well-known bitcoin enthusiast has just changed his display name on his Twitter account to “Bitcoin...

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Could COVID-at 19 be a make or break situation for bitcoin?

With COVID-19 taking over the world at an alarming rate, many people in the crypto industry are asking the question of how it will affect bitcoin.  The coronavirus has already played a major role in the stock market crash with the bailout bill for saving the world economy coming in at $7 trillion, the future is uncertain. With the ongoing crisis of COVID-19 taking over the world at an alarming rate, many people in the crypto industry are asking the question of how it will affect bitcoin in the long run. The coronavirus has already played a major role in...

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