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Warren Buffett: “I don’t own any cryptocurrency and I never will.”

Warren Buffett has said that he will never own cryptocurrency. In the past, Buffett has explained that bitcoin is, in his opinion, “probably rat poison squared.” During the luncheon with the CEO of Tron though, he didn’t seem to have as much of a hostile opinion on the leading cryptocurrency. Following his luncheon with the CEO of Tron, Warren Buffett has said that he will never own cryptocurrency. “I don’t own any cryptocurrency and I never will.” He has previously said, “cryptocurrencies basically have no value and they don’t produce anything.” Justin Sun won a charity lunch with the CEO...

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Sally Ho's Technical Analysis 25 February 2020 BTC ETH

Bitcoin (BTC/USD) depreciated early in today’s Asian session as the pair came off to the 9501.66 area after peaking around the 10030.00 level during yesterday’s Asian session.  Stops were elected below the 9759 and 9561 areas during yesterday’s pullback.  Traders have bid the price higher from the 9280.98 area following its rapid crash from the 10315.00 area last week, selling pressure that actually began days earlier when the price peaked around the 10400.00 level.  Chartists observed that the pair briefly traded above the 10804.10 level, an area related to downside price objectives that emerged after selling pressure started around the...

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Coronavirus Outbreak Poses Threat To Bitcoin 

Bitcoin Futures started the week in green as Bitcoin had been trading above $10k when it started trading. That left a gap to the downside and just when traders were led into thinking that perhaps the market was headed higher, it started to decline sharply below $10k to fill that gap. BTC/USD continues to trade below $10k and we may now be looking at the beginning of a more aggressive downtrend as the world reacts to the Coronavirus outbreak in Europe that worsened over the weekend. We also saw people in Milan, Italy rush to supermarkets to panic buy food...

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Is Bitcoin (BTC) Ready To Decline To $9k? 

Bitcoin (BTC) is at one of the most important decision points since the beginning of the year. The 4H chart for BTC/USD shows that Bitcoin (BTC) has been in an uptrend since the beginning of the year. However, that trend may be about to change as the price runs into a key fib circle. If we see a break below the 200-moving average after the price exits the circle, we could be looking at the beginning of a major trend change that could last throughout 2020 and probably longer. The economic outlook is not favorable and markets are just beginning...

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Sally Ho's Technical Analysis 24 February 2020 BTC ETH

Bitcoin (BTC/USD) added to yesterday’s gains early in today’s Asian session as the pair traded as high as the 9918.16 level after gaining ground to the 10025.66 area during yesterday’s European session.  Strong buying activity lifted the pair from the 9677.83 area during yesterday’s Asian session, helping the pair move beyond a recent tight trading range.  One important level close to the pair’s high during yesterday’s move higher is the 10017.50 area, an upside price objective.  The 10239.21 and 10513.53 areas are the next upside price objectives related to this level.   The pair had recently traded in a sideways manner...

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