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Bitcoin Dominance Breakout Fails, Altcoins Still Likely To Rally 

In any financial market, greed works but not as good as fear. This is why they say, “bulls go up the stairs but bears go out the window”. The US Marshal’s auction of 4,000 BTC has the market extremely concerned as to what could happen next. Most of the traders that were super bullish the past few days are now super bearish expecting BTC/USD to decline down to $8.5k and $6k. Meanwhile, we saw two big spikes on Bitcoin dominance (BTC.D) which induced more fear into the market. A lot of traders know that Bitcoin dominance (BTC.D) has to reverse...

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Is $400k Possible for Bitcoin? Max Keiser Thinks so

Once again another extremely bullish forecast for the leading cryptocurrency has come into fruition. This comes in preparation for the bitcoin halving set to take place in May this year. Max Keiser recently revealed what is probably the most extreme prediction we’ve seen this year... Once again another extremely bullish forecast for the leading cryptocurrency has come to light. This comes in preparation for the bitcoin halving set to take place in May this year. For a while now, commentators on bitcoin have been very open about their thoughts on the flagship cryptocurrency and how it will form in the...

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Sally Ho's Technical Analysis 18 February 2020 BTC ETH

Bitcoin (BTC/USD) notched some gains early in today’s Asian session as the pair traded as high as the 9729.73 level after trading as low as the 9467.00 area during yesterday’s North American session.  Traders pushed the pair to the 10004.63 level during yesterday’s Asian session before selling pressure emerged to knock the pair back below the 9500.00 level.  The pair’s pullback below the psychologically-important 10000 figure late last week shifted some market bias, with some traders expecting the market could enter a period of consolidation.  The inability of BTC/USD to pierce the psychologically-important 11000 figure shifted some market sentiment to...

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Bitcoin Can Still Rally Past $11,700

The market has finally crashed hard these past two days. Bitcoin (BTC) is trading well below $9.7k and eyes further downside. Bitcoin CME Futures started the day in red and have the potential to decline even lower. That being said, there is now a big gap to the upside that has to be filled. Now, it might be surprising to a lot of you that I am talking about a rally towards $11,700 when the market is crashing considering that I keep on talking about a crash all the time and some of you might even say that I am...

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Bitcoin (BTC) Finally Crashes Hard Below $10k But It May Not Be Over Yet 

Bitcoin (BTC) has finally crashed below the rising wedge and we are now seeing it decline down to the $9.5k zone. Whether or not it can hold that level remains to be seen but this certainly does not appear to be the end of the bullish advance. As we have discussed before, the bullish advance that we have seen recently comprised mostly of manipulation. The same is the case with this recent decline. All such big moves are cases of manipulation which should be approached with extreme caution. These extreme moves are meant to strongly influence market sentiment at a...

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