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Sally Ho's Technical Analysis 28 January 2020 BTC ETH

Bitcoin (BTC/USD) gave back some gains early in today’s Asian session as the pair fell to the 8742.16 area after trading as high as the 8800.00 level during yesterday’s North American session.  The pair had recently been orbiting the 8300.99 level, representing the 38.2% retracement of the appreciation from the 6854.67 level to the 9194.99 area.  Some bids have recently emerged not too far below the 8253.16 level, representing the 61.8% retracement of the 7671.00 – 9194.99 range.  Chartists have been paying close attention to a bearish convergence of the 100-bar MA (4-hourly) and the 50-bar MA (4-hourly) since BTC/USD...

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Bitcoin Is Waiting On The Next Big Move 

The price of Bitcoin is beginning to appear bullish at the onset of the new week. The reason that is happening is because of the bullish close on the weekly time frame. BTC/USD closed above the 21-week exponential moving average and has now started the day in green. On the 4H time frame, we can observe that the price still risks a fall down to the $8,000 level which corresponds to the 61.8% fib level and simultaneously the 200-moving average. Despite the temporary bullishness, we expect that move to come to completion. However, Bitcoin will still be waiting on the...

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Bitcoin (BTC) To Make Its Most Important Move Since 2015 This Year 

Bitcoin (BTC) has seen many ups and downs lately but it has yet to see a decisive move that would set it on its course for the weeks and months ahead. This time, that move is going to be the most important move BTC/USD makes since 2015. We can see on the monthly chart that this is going to be an extraordinary development. When the price breaks out of the symmetrical triangle, it will have to either shoot up to begin a new bullish cycle or it will have to crash to prolong the ongoing bear market. In case of...

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Will the Lightning Development Kit See Bitcoin Surge?

There have been some pretty excessive bitcoin predictions over the past two years since bitcoin exploded at the end of 2017. Tim Draper is one and he wasn’t backed off on his prediction that the leading cryptocurrency could end up surging to highs of $250,000 by 2023. There have been some pretty excessive bitcoin predictions over the past two years since bitcoin exploded at the end of 2017. Tim Draper is one who hasn’t backed off on his prediction in that the leading cryptocurrency could end up surging to highs of $250,000 by 2023. Draper is just one of the...

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Adam Back - Bitcoin & Crypto NEEDS Decentralisation

The Blockstream CEO recently spoke in an interview where he talked about the early years of Bitcoin. “Decentralized. This is perhaps the main word about Bitcoin arising from the proposals that came before it. Adam Back, the inventor of the proof-of-work system, Hashcash has recently spoken in an interview where he talked about the early years of Bitcoin, privacy, digital money and much more.  Speaking at the LaBitconf crypto event in Uruguay, Back talked to Cointelegraph for the interview. The developer and cryptographer didn’t just invent Hashcash but is also the head of Blockstream. We’re going to go through the...

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