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Bitcoin (BTC) Is At The Most Important Decision Point Since 2018

Bitcoin (BTC) is at the most important decision point in more than a year. We can see on the daily chart for BTC/USD that the price will either have to break past the trend line resistance and the 38.2% fib level at $8,092 to begin a new bullish cycle or it will have to decline down to the 61.8% fib level at $5,783 and eventually much lower to complete a correction. This is once again a point where the bulls and the bears are extremely divided. Recent developments in the Middle East gave Gold (XAU/USD) a reason to rally which...

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Pomp Speaks on Bitcoin Price Fluctuations

Bitcoin has always been at the forefront of the market and the guide that writes the path for other cryptocurrencies in the market.  Anthony Pompliano took part in the Off the Chain podcast where he spoke on “why the price of Bitcoin changes at all.”   As most of us will already know, Bitcoin has always been at the forefront of the market and the guide that writes the path for other cryptocurrencies in the market, in most cases.  The flagship cryptocurrency had a lot of eyes on it during its 2017 bull run. It’s been two years since the...

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Has the BTC Halving Already Been Priced In? 

Starting the year off on a high note, Bitcoin saw a price surge up to $7.5k. The BTC halving is set to go down in May. Some analysts are making the prediction that Bitcoin will fight back its loss in previous rallies.  Starting the year off on a high note, Bitcoin saw a 3.16 per cent price surge up to the $7.5k range and with the halving of the leading cryptocurrency set to go down in May, some analysts are making the prediction that Bitcoin will fight back its loss in previous rallies.  However, despite whether the Bitcoin halving is...

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Sally Ho's Technical Analysis 7 January 2020 BTC ETH

Bitcoin (BTC/USD) extended its recent gains early in today’s Asian session as the pair climbed to 7577.00 area after trading as high as the 7615.68 area during yesterday’s North American session.  Earlier, buying demand emerged around the 7312.22 level during yesterday’s Asian session.  During the past three weeks, the pair has orbited the 7343.17 level, representing the 61.8% retracement of the 9948.12 – 3128.89 range.  The pair’s recent inability to make a sustained break above the 7473.42 area, representing the 23.6% retracement of the 10540.49 – 6526.00 range, means BTC/USD Bears remain in charge.  The pair’s long-term bias remains negative,...

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Ethereum (ETH) Gains Ground Against Bitcoin (BTC) But Upside Remains Limited 

Ethereum (ETH) has gained some ground against Bitcoin (BTC) which was long overdue after weeks of downside. However, we can see on the daily chart for ETH/BTC chart that the pair is about to run into the 50-day moving average which will not be easy to effectively breach. The symmetrical triangle that the pair is trading in will soon be broken and it appears that it will be broken to the downside considering the price has been falling when it entered the symmetrical triangle. Furthermore, the RSI and Stoch indicators indicate the pair has run its course for now and...

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