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Bitcoin price predictions for 2020 - What Financial Experts expect

    Bitcoin is with doubt, the proudest exponent of blockchain technology. From 10,000 Bitcoins being valued at the equivalent of 2 large Papa John’s pizzas on the 22nd of May, 2010, to being a multi-thousand dollar asset as of 2020, Bitcoin has seen its fair shares of ups and down.      Bitcoin is the subject of many heated debates, and is among the most marketable cryptocurrency assets as of today. Financial experts have varied opinions, when it comes to the rate of growth of Bitcoin, and its price predictions. What do financial experts predict from Bitcoin in 2020? Read on to find...

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Sally Ho's Technical Analysis 3 March 2020 BTC ETH

Bitcoin (BTC/USD) retraced some recent losses early in today’s Asian session as the pair traded as high as the 8973.45 area after bids emerged around the 8400.00 level during Sunday’s North American session.  The pair appears poised to test the 50-bar MA (4-hourly), currently indicating below the 100-bar MA (4-hourly) and 200-bar MA (4-hourly).  The pair’s 7.9% pullback during February has many traders evaluating and assessing the pair’s current trading activity, especially relative to historical movements and ranges.  BTC/USD traded as low as the 8428.80 area on Friday, its lowest level since late January.  Notably, this level was above the...

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Ethereum (ETH) Risks Further Downside Even Under The Bullish Case 

With the recent spike in BTC/USD, traders are bullish once again but such moves are of little consequence as it all boils down to what happens in the S&P 500 (SPX) next. The trend line support on the RSI for ETH/USD shows that we might see a decline near-term. If we take a look at the chart, it seems likely as the trend line support would have to be tested at some point. The near-term outlook of ETH/USD remains unchanged as long as the price remains below the strong resistance at $227.83. If the price breaks past it, then we...

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Bitcoin Volatility Might Rise Before Super Tuesday 

Bitcoin has been trading sideways this whole time and that is because the cryptocurrency market cannot make the next big decision on its own. The recent moves in BTC/USD have been getting both the bulls and the bears excited but the price has practically gotten nowhere. The 12H chart shows that BTC/USD is still trading below the 200 EMA and waiting for the next big move. Meanwhile, ETH/USD remains above the 100 EMA on the 12H time frame. This shows how much the cryptocurrency market depends on the stock market to make decisive moves.  The next major move in the...

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Potential EUR/USD Bearish Reversal Spells Trouble For Bitcoin (BTC) 

The EUR/USD forex pair has faced a strong rejection at the 61.8% fib level. There is now the strong probability of a decline not only down to the 78.6% fib level but much lower down to the 1.272 fib level and potentially lower. The next move in Bitcoin (BTC) hinges on this as Bitcoin (BTC) is directly paired to the US Dollar on most exchanges. If this pair goes down that means the price of Bitcoin (BTC) also goes down in dollar terms. The 200 moving average on the 12H time frame for EUR/USD is going to be momentous and...

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