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BTC/USD Again Fails to Test 9500: Sally Ho's Technical Analysis 10 July 2020 BTC

Bitcoin (BTC/USD) recovered a small amount of ground early in today’s Asian session after trading as low as the 9154.79 area during yesterday’s North American session.  Selling pressure commenced around the 9432.16 level after the pair peaked around the 9469.93 level during yesterday’s Asian session, the pair’s latest failure to test the psychologically-important 9500.00 figure.  Stops were elected below the 9340.68, 9257.58, and 9190.42 levels during the move lower, representing the 23.6%, 38.2%, and 50% retracements of the recent appreciation from 8905.84 to 9475.00.  Stops were also elected below the 9319.24 and 9222.88 areas, representing the 23.6% and 38.2% retracements...

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Why Bitcoin Outlook Remains Unchanged

Bitcoin outlook remains unchanged as the market has now done exactly what we have been expecting it to do since the beginning of the month. The price garnered the momentum to shoot from $9k to $9.5k which is what we predicted would happen on July 02, 2020 when the price of Bitcoin was trading around $8.9k. Now that BTC/USD has completed this move, we are expecting the downtrend to begin after some sideways movement.  The S&P 500 (SPX) has also played out as we expected. Earlier this month we entered a long position on the index which we have still...

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S&P 500 New Rally Could Pumps Up Bitcoin To $10,500

The US stock market is on the rise again. On Monday, Nasdaq reported a 2.2% rise which was its best one-day gain since May. The Dow also climbed 460 while the S&P 500 gained 1.6%. The US stock market is not the only one enjoying a good day: across the pacific ocean, China is encouraging and anticipating a long-waited bull market. Its CSI 300 index of Shanghai- and Shenzhen-listed shares soared 5.7% on Monday, reaching its five-year high. Enter 2020, Bitcoin has shown strong correlation, or "cointegration", to the S&P 500. The S2F model creator PlanB even predicted that Bitcoin...

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Bitcoin and crypto regulations - what’s the big deal?

When cryptocurrencies, and mainly Bitcoin, started to reach a more mainstream audience, the reactions were mixed, to say the least.  Some people were thrilled by the idea of finally experiencing financial freedom, isolated from governments and banks. Bitcoin’s peer to peer network allowing for a borderless and permissionless transfer of value opened new doors in the financial ecosystem.  The concept has helped many get access to financial services in countries suffering from unreliable banking structures or hyperinflation. But as some have praised this newfound financial freedom, others have shunned it, and often, rightfully so.  Unregulated crypto - unrealistic and problematic...

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How bitcoin could reach $500,000 through the US hash rate war

Max Keiser predicted that the Iranians and Venezuelan regimes would have a big impact on the Trump Administration and force them to accept bitcoin.  From here, bitcoin would end up eating $500,000 and the US could spark a giant hash war with the two countries In the latest episode of the Keiser report TV show, Max Keiser predicted that the Iranians and Venezuelan regimes would have a big impact on the Trump Administration and force them to accept bitcoin. From here, bitcoin would end up eating $500,000 and the US could spark a giant hash war with the two countries....

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