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Sally Ho's Technical Analysis 2 February 2020 BTC ETH

Bitcoin (BTC/USD) gained moderate ground early in today’s Asian session as the pair was lifted to the 9367.27 area after trading as high as the 9458.08 area during yesterday’s North American session.  The pair has recently traded above the psychologically-important 9000 level for the second time this year as traders last week again tested selling pressure around the 9188 area.  As BTC/USD has inched closer to the psychologically-important 10000 figure, traders and chartists have been paying closer attention to areas of technical significance, including the 9271.47 area that represents 38.2% retracement of the 13868.44 – 6430.00 range. The next upside...

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Here’s Why Bitcoin Could Blow up in 2020 - Travis Kling

When the leading cryptocurrency struck out at $9k earlier in January, the cryptocurrency hasn’t been able to recover to such a high... at least not yet. Travis Kling, the chief investment officer is a big believer that the leading cryptocurrency is due for a phenomenal bull run sooner rather than later. When the leading cryptocurrency struck out at $9k earlier in January, the cryptocurrency hasn’t been able to recover to such a high again... at least not yet.  One prominent crypto analyst of the crypto asset management firm Ikigai, is not one of the bears but instead very bullish on...

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Sally Ho's Technical Analysis 1 February 2020 BTC ETH

Bitcoin (BTC/USD) depreciated early in today’s Asian session as the pair weakened to the 9195.49 area during yesterday’s session.  BTC/USD gained about 29% in January, a stark contrast to its -2.6% performance in December.  The pair’s recent appreciation has traders focused on the psychologically-important 10000 figure, but before it can test that level it must get above some areas of technical resistance.  The 9765.93 area represents the 38.2% retracement of the appreciation from 3128.89 to 13868.44, and Stops are likely in place above this area.  The 9532.39 area represents the 38.2% retracement of the 19891.99 – 3128.89 range, and Stops...

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Coronavirus – Will BTC Rise as Chinese Lockdown Expands?

The Coronavirus Spreads Fast & Worldwide Until Friday (Jan 31), the number of confirmed cases of the Wuhan Coronavirus has been over 9,800 in China mainland, which surpassed that during the 2002-2003 SARS. The number of cases grew by around 3,500 from Tuesday, a more than 40% increase. China has quarantined the city and locked down some others. Meanwhile, the Coronavirus also shows signs of spreading overseas, with people, who never visited China, being infected in Southeast Asia, Europe, America and etc. The WHO also reconvened its emergency committee to determine the Coronavirus outbreak amounts to a public health emergency...

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Bitcoin Can Fall A Lot Lower Than Expected 

Bitcoin has declined down to the low $9,200s as of now. It appears that the bullish move has come to an end but we cannot be sure until and unless there is an effective decline below the 200-day moving average. One thing that is important to note here is that BTC/USD may show some signs of strength near-term but the long-term outlook is gloomy as ever. In fact, it is even more gloomy now in light of recent developments which is why we think Bitcoin may end up falling a lot lower than expected.  The price of Bitcoin risks major...

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