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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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The Next Bitcoin Crash Might Be Unprecedented

Bitcoin (BTC) came into existence after the financial crisis of 2008 with a noble objective to reduce dependence on governments and banks that were responsible for the crisis and the bailouts that followed. The early supporters of Bitcoin (BTC) were those that truly believed in what it stood for. They did not care about the price of Bitcoin (BTC); they cared about the fact that it solves the double spending problem with fractional reserve banking as there will only be 21 million Bitcoin (BTC) in circulation. This was a noble cause but it was also a new technology which attracted...

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Peter Schiff Admits Bitcoin IS Profitable But Can’t Compete with Fiat

Peter Schiff has once again come out to talk about the leading cryptocurrency. The well-known financial figure has said that holding cryptocurrency is actually a profitable action. The well-known naysayer and hater of bitcoin, Peter Schiff has once again come out to talk about the leading cryptocurrency. This time, it seems to be a positive thing though… The well-known financial figure has said that holding cryptocurrency is actually a profitable action. Despite this, he does admit that it will never compete with regular fiat currency such as the United States dollar. Writing a tweet earlier this week on the 18th...

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