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Are ETF’s Good For Bitcoin? Or do they Go Against Satoshi’s Creation?

Many thought 2019 would be the year when bitcoin ETFs would finally get approval from the securities and exchange commission. This point comes around Bitcoin ETFs which essentially cracks down to the whole idea of bitcoin, decentralisation. Despite many analysts believing that the launch of a bitcoin ETF would bring in not only institutional investment but further mainstream adoption from the masses, not everyone is excited for an ETF getting the green light. The co-founder of Toroso Investments, Michael Venuto said the following: “If there was a crypto exchange-traded fund [ETF], I would buy it. I would buy it for...

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Sally Ho's Technical Analysis 17 February 2020 BTC ETH

Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair climbed to the 9797.18 level after trading as low as the 9612.12 area during yesterday’s North American session.  The pair peaked around the 10048.34 level during yesterday’s Asian session, down from the 10400.00 level area during Saturday’s Asian session.  Market sentiment remains bullish for many traders as the pair has recently traded above the psychologically-important 10000 figure, but BTC/USD’s ability to score additional gains above this area is being closely evaluated to determine if the recent climb has staying power and sustainability.  The market’s most immediate barometer of upside...

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Bitcoin (BTC) Has Gaps To Fill Well Below $9k

Bitcoin (BTC) declined below $10,000 on a weekend. This will have a lot of retail traders and crypto influencers talking about a gap to fill to the upside when the next week begins. That is true because as outlined on the daily chart for BTC/USD, we can see that there is a gap to be filled to the upside. It will therefore not be surprising to see Bitcoin (BTC) climb above $10k once again next week. However, there are three more important gaps well below $9k that no one seems to be talking about. These gaps have to be filled...

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Sally Ho's Technical Analysis 16 February 2020 BTC ETH

Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair gained ground to the 9945.00 area after being driven lower to the 9750.00 area during yesterday’s North American session.  Stops were triggered below the 9978.34 area during the move lower, representing the 23.6% retracement of the appreciation from 8216.71 to 10522.51, with more triggered below the 9849.55 area, representing the 23.6% retracement of the 6430.00 – 10522.51 range.  After trading above the 10500 level last week, the pair depreciated back below the 10200 area as traders booked profits, leading to some additional speculation the pair might be unable to...

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Bitcoin (BTC) Cannot Stall The Next Big Move For Long

Bitcoin (BTC) cannot stall the next decisive move for long. We can see on the daily chart for BTC/USD that the price has already run into a key trend line resistance. This used to be an important trend line support but when the price broke below it in December, 2019 to continue its decline towards $3.2k, it became a strong resistance. This is the first time after all that time that BTC/USD has tested this trend line as resistance. While the majority of the market is still rooting for a bullish continuation, it may be time to look the other...

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