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Bitcoin ATMs Continue to Grow with 7000 Machines Installed Globally

We have seen the number of cryptocurrency ATMs grow significantly over the past two years. In fact, the last time we did it article on bitcoin ATMs, was when the number was at around 4000 worldwide.  Now we can happily say that that number has been able to go up to 7000 with machines in over 70 countries. We have seen the number of cryptocurrency ATMs grow significantly over the past two years. In fact, the last time we did it article on bitcoin ATMs, was when the number was at around 4000 worldwide. Now we can happily say that...

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Bitcoin (BTC) Awaits The Next S&P 500 (SPX) Move For Direction 

Bitcoin (BTC) awaits the next big move in the S&P 500 (SPX) after the important Super Tuesday results. The results show Joe Biden in the lead which is a good sign for Wall Street and we might see the markets rally today with BTC/USD rallying as well. So far, the index remains below the 200-day moving average. More importantly, it has yet to break past the 1.272 fib level which stands between the next uptrend and a continuation of the ongoing correction. It is important to realize that the index might rally in reaction to yesterday’s developments but we would...

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Sally Ho's Technical Analysis 4 March 2020 BTC ETH

Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair moved higher to the 8751.21 level after finding support around the 8635.31 area during yesterday’s European session.  BTC/USD had earlier traded as high as the 8973.45 level during yesterday’s Asian session before depreciating.   Traders continue to evaluate the pair’s recent depreciation from the 10522.51 area to determine if more selling pressure could be in store, or if the pair has established a relative low for the foreseeable future.  The 8552 area was an important downside price objective that was tested last week, one that became important after selling pressure...

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Here’s Why Bitcoin Is Bullish For Now 

The S&P 500 (SPX) started the day in green and rallied hard which gave Bitcoin bulls the opportunity to push the price past $8.8k. At the time of this recording, we are already seeing BTC/USD hold its ground above the $8.8k level. It has effectively climbed past the 200-day moving average and is now holding its ground above it. As long as it remains above it, there is a good chance that we might see it rally towards $9,200 in the near future before it declines further. The majority of retail bears are surprised by this but in our analyses,...

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Potential Dow Jones (DJI) Crash Might See Bitcoin (BTC) Decline Again 

The price of Bitcoin (BTC) is once again rallying higher past $8.8k showing signs of strength. Meanwhile, the Dow Jones Industrial Average (DJI) also seems to be rallying towards the 200-day moving average. However, all such bullishness is not likely to last for long. The most probable scenario is that the DJI will end up declining down to the 200-week moving average and when that happens, we can expect to see BTC/USD at $7.7k if not lower. This is nothing unprecedented and has happened before. If we were to see the DJI drop below the 200-week moving average it would...

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