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Bitcoin Still Remains In A Strong Bear Trend

Bitcoin has eventually made that fake out that we talked about in our yesterday’s analysis. People are predictable, especially in this market. So, when BTC/USD climbed past $6.6k again, many traders entered aggressive short positions hoping that the market would decline again. That created a honey pot for the whales and market makers and the manipulation that we saw yesterday was about hitting that honey pot and liquidating a large number of those bearish positions. This is not the first time that we have seen this and it will certainly not be the last. It is important to realize that...

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Could coronavirus see bitcoin beat gold?

Max Keiser predicts that people are going to be swarming on bitcoin and buy it in bulk. Recently speaking on his own news program, Keiser said that the coronavirus pandemic will see many billionaires all across the globe run towards gold. Because of the coronavirus outbreak, Max Keiser predicts that people are going to be swarming on bitcoin and buy it in bulk. Recently speaking on his own news program at the end of March, Keiser said that the coronavirus pandemic will see many billionaires all across the globe run towards gold. However, when all the gold dries up, the...

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Was bitcoin always digital gold? Buterin doesn’t think so…

The co-founder of ETH, Vitalik Buterin was recently involved in an argument with a bitcoin developer on Twitter this week.  He suggested that the leading cryptocurrency was originally designed to be a peer-to-peer cash rather than digital gold. The co-founder of ETH, Vitalik Buterin was recently involved in an argument with a bitcoin developer on Twitter this week. He suggested that the leading cryptocurrency was originally designed to be a peer-to-peer cash rather than digital gold. In replying to an original tweet from the co-founder in regards to ETH having promising applications for the future, the conversation moved on to...

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Bitcoin May Have An April Fool’s Surprise

Bitcoin seems to be doing everything we talked about last month. So, it would appear that BTC/USD indeed has an April Fool’s surprise for us. The 4H chart shows that we are very close to seeing a major move in the near future. Make no mistake, this move may be to the upside before the market declines again. However, the probability of a decline is much higher and if this bear flag leads to a similar decline as before, we could see a devastating move to the downside here. Please note that this decline is going to make the last...

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Will bitcoin see positive movement in April? Are the odds in its favour?

COVID-19 has taken over the world in ways none of us could’ve ever predicted.  The events brought on because of the Coronavirus and its impact on the world has made March one of the toughest months in a significantly long time. COVID-19 has taken over the world in ways none of us could’ve ever predicted. The events brought on because of the Coronavirus and its impact on the world has made March one of the toughest months in a significantly long time. When it comes to the economy, industries have sunk, markets have crashed and when it comes to bitcoin,...

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