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How will COVID-19 impact bitcoin in the long term?

Expected to occur in the middle of May, the bitcoin halving is one of the most highly anticipated events in the crypto space. However, with the outbreak of coronavirus sending the world into a downward spiral, there are many people that believe the crypto space is done for. Expected to occur in the middle of May, the bitcoin halving is one of the most highly anticipated events in the crypto space to date. However, with the recent outbreak of coronavirus sending the world into a downward spiral economically, there are many people that believe bitcoin and the crypto space are...

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The case for keeping your Bitcoin private becomes more compelling

The global economy is crashing hard and those wishing to protect their wealth are taking it out of stocks and other traditional financial instruments and they are transferring into perceived asymmetric and therefore ‘safer’ assets such as precious metals and Cryptocurrency. Cryptocurrency and namely Bitcoin would appear to have huge upside potential in the coming downturn and protecting what you have by not broadcasting that you are the owner is becoming more and more critical in this current dangerous climate of phishing, hacking and other security issues. People who want to protect their bitcoin privacy must have something to hide!...

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Sideways at 6800 After BTC/USD Tested 7025: Sally Ho's Technical Analysis 6 April 2020 BTC

Bitcoin (BTC/USD) traded sideways early in today’s Asian session as the pair continued to orbit the 6800 figure after spiking to the 7025.33 area early in yesterday’s Asian session.  Stops were elected above the 6949.09 level during the move higher, an area that represents the 50% retracement of the recent depreciation from the 7292.11 area to the 6606.06 area.  The market tested the 7030.04 area during the appreciation higher to the 7030.04 area, a level that represents the 61.8% retracement of the depreciating range, but traders lacked the strength to push BTC/USD through the 7030 area.  Following the pair’s depreciation...

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Failure to Test 6949 Pushes BTC/USD Lower: Sally Ho's Technical Analysis 5 April 2020 BTC

Bitcoin (BTC/USD) continued to orbit the 6800 level early in today’s Asian session as the pair weakened from the 6915.17 area during yesterday’s European session and traded as low as the 6658.16 area early in yesterday’s North American session. Prior to the pullback, the pair has been orbiting the psychologically-important 7000 figure, after recently trading as high as the 7292.11 level, a multi-week high, before paring gains lower to the 6650.00 area.   Stops were recently elected above some key technical levels during this sharp move higher.  These levels include the 6979.43 level, an upside price objective related to upside buying...

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Will BTC/USD Reclaim 7000.00? Sally Ho's Technical Analysis 4 April 2020 BTC

Bitcoin (BTC/USD) extended its recent upward trajectory early in today’s Asian session as the pair continues to orbit the psychologically-important 7000.00 figure, after trading as high as the 7050.00 area during yesterday’s European session.  Trading activity from Thursday’s North American session saw BTC/USD escalate as high as the 7292.11 level, a multi-week high, before paring gains lower to the 6650.00 area.   Stops were elected above some key technical levels during this recent sharp move higher.  These levels include the 6979.43 level, an upside price objective related to upside buying pressure that emerged around the 3858 level in March, followed by...

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