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Bitcoin (BTC) Is One Day Away From Making The Decision, Big Moves Expected Ahead

Bitcoin (BTC) has now reached a key decision point that is of extreme significance. We can see on the daily chart for BTCUSDLongs/BTCUSDShorts that the ratio has been on a parabolic rise since May, 2019. However, it has now come to a point where it will have to decide whether to maintain the uptrend or break it, whichever of the two happens, it has to happen now. This weekend has been inconsequential as most weekends before it, but BTC/USD is very likely to make the decision next week most likely the first day. Historically we have seen such parabolic rallies...

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Sally Ho's Technical Analysis 12 January 2020 BTC ETH

Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair climbed to the 8225.09 area after trading as low as the 8011.56 area during yesterday’s European session.  Above this level, traders continue to watch the 8280.97 level, representing the 76.4% retracement of the 8469.39 – 7671.00 range.  The pair has gained decent ground after trading as low as the 7671 area during Friday’s European session, just above the 7661.79 area that is an upside price objective.  Offers emerged during yesterday’s North American session just above the 8219.84 area, a level that represents the 38.2% retracement of the 10950.57 –...

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How A Decline Below $8k Would Put Bitcoin (BTC) In Serious Trouble

Bitcoin (BTC) made a remarkable move to the upside recently defying a mounting bearish pressure. We witnessed a large number of bearish positions being liquidated on margin and futures exchanges during the recent run up. However, we are now seeing a slow down as BTC/USD has broken the patten of higher highs and higher lows within the rising wedge it has been trading in. This has now increased the probability of a decline below $8k. However, a decline below $8k this time would also mean a break to the downside out of the rising wedge which has the potential to...

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John McAfee Reiterates Bitcoin Prediction for end of 2020

John McAfee has reiterated his promise to eat his own privates if the leading cryptocurrency doesn’t reach a million dollars by the end of 2020.  If you couldn’t tell, this might get a bit vulgar… The man, the myth, the legend that is John McAfee has reiterated his promise to eat his own privates if the leading cryptocurrency doesn’t reach a million dollars by the end of 2020.  McAfee has made such a promise in the past but the fact that he has made the call clear is a confident sign for many investors. That being said, it’s worth saying...

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Former Coinbase CTO Talks on Bitcoin During its 11th Year

  So its been eleven years since bitcoin became a thing.  To commemorate the occasion, Balaji Srinivasan wrote a post titled, “Bitcoin becomes the Flag of Technology”.   So its been eleven years since bitcoin became a thing. Specifically, it’s been eleven years and three days as on the 3rd January many people will have ‘celebrated’ the birthday of the leading cryptocurrency.  To commemorate the occasion, the former chief technology officer of Coinbase and the General Partner at Andreessen Horowitz, Balaji Srinivasan wrote a post titled, “Bitcoin becomes the Flag of Technology”. Part of the post by Srinivasan read: “Bitcoin...

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