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10000 or 11000 for BTC/USD First? Sally Ho's Technical Analysis 30 September 2020 BTC

Bitcoin (BTC/USD) looked to maintain its upward bias early in today’s Asian session as the pair continued to fixate on the psychologically-important 11000 figure.  After trading as high as the 10956.11 area during yesterday’s Asian session, traders knocked BTC/USD lower from the 10947.07 area during yesterday’s North American session.  Selling pressure continued until buying pressure emerged around the 10621.22 area, just above the 61.8% retracement of the historical depreciating range from 13202.63 to 6430.00.  Traders also observed that technical support lifted the pair from the 10714 area during yesterday’s North American session, right around the 100-bar 4-hourly simple moving average.  Traders also...

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Will institutional investors focus their time into bitcoin in the future?

Quick Take 1 minute read New research from Evertas indicates things are about to get interesting… Institutional investors research indicates enthusiasm in the industry. It seems that institutional investors are bullish on the future of bitcoin as many plan to increase exposure on numerous crypto-assets according to a recent survey that was just recently released by Evertas. The founder and CEO of the company, J Gdanski has said the following on the research: “Our research shows that institutional investors are enthusiastic about increasing their exposure to cryptocurrencies and cryptoassets in general but there are clearly many issues regarding the infrastructure...

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Could Fiat currencies be pegged to bitcoin in the future? The BuildDirect CEO seems to think so…

Quick Take 1 minute read Over the years since its creation, bitcoin has faced a lot of criticism from all over the world.  In countries such as Russia and China, bitcoin and the world of crypto hasn’t been viewed upon in such a kind of light and have prohibited the use of cryptocurrency in the past.  Over the years since its creation, bitcoin has faced a lot of criticism from all over the world. In countries such as Russia and China, bitcoin and the world of crypto hasn’t been viewed upon in such a kind of light and have prohibited...

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Bitcoin Price Analysis: BTC Keeps Consolidating

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, September 29th, Bitcoin continues the consolidation that it started yesterday. The cryptocurrency is generally trading at 10,681 USD. On D1, the technical picture of BTC/USD has not changed much since several days ago: after a pullback, the pair keeps developing an uptrend. The aim of the growth is still the resistance level at 12,700 USD. The MACD histogram is negative, heading for zero, increasing the chances for further growth of the price. The signal lines of the indicator are declining upon forming a Black Cross, which may predict another minor correction...

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BTC/USD Bulls Eyeing 11000 Again: Sally Ho's Technical Analysis 29 September 2020 BTC

Bitcoin (BTC/USD) maintained its recent upward bias early in today’s Asian session as the pair continued to approach the psychologically-important 11000 figure following buying pressure that emerged around the 10832.46 area during yesterday’s North American session, just above the 10826.66 area that represents the 61.8% retracement of the historical appreciating range from 8940.14 to 13878.67.  Traders pushed BTC/USD as high as the 10956.11 area during yesterday’s Asian session, right around the 76.4% retracement of the depreciating range from 11179.90 to 10135.22.  Chartists are observing that the 100-bar 4-hourly simple moving average has bearishly crossed above the 50-bar 4-hourly simple moving average, and...

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