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Zcash On Its Way Up With Bullish Performance While Bitcoin Declines

This past week has seen a steady decline occur in the crypto markets. But Zcash has recorded a positive price movement in recent days.  The coin hasn’t performed great for the better part of 2019 but some steam seems to have been picked up for the token recently. This past week has seen a steady decline occur in the crypto markets. Bitcoin fell by almost 10%, and the rest of the space hummed a similar tune.  Whereas the market has seen a slight recovery now, at the time of writing, Zcash has recorded a positive price movement in recent days. ...

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What Lies Ahead For Bitcoin (BTC) After The Recent Pump?

Bitcoin (BTC) made a surprising move yesterday that took retail bears by surprise. In our previous analyses we warned against being overly bearish when there was already extreme fear in the market. However, the fact that BTC/USD was trading well below key resistance levels gave a lot of traders reason to remain short on the market. Yesterday’s move saw a series of key resistance levels being breached in just a few aggressive moves. The manner in which the price pumped past key resistance levels is nothing short of manipulation. The price was driven as a result of a massive short...

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$100k BTC Prediction Made From Former Silk Road Head

The leading cryptocurrency sunk a six-month low in recent days but it has been able to recover above the $7k. Ross Ulbricht believes that the life-changing returns are on their way back, slowly but surely.  Ulbricht predicted that bitcoin is now in its final primary wave of the first cycle uptrend. The leading cryptocurrency sunk a six-month low in recent days but it has been able to recover above the $7k. There’s been plenty of comments made on the space due to the fall, mostly aimed at the negatives of crypto. Peter Schiff is one of those commentators who is...

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Sally Ho's Technical Analysis 19 December 2019 BTC ETH

Bitcoin Bitcoin (BTC/USD) rocketed higher in today’s Asian session as the pair was lifted higher to the 7298.00 area, a steady climb from the 6430.00 area reached early in yesterday’s North American session.   Market sentiment has been weak especially as the pair tests lower lows, but the recent severe selling pressure also increases the possibility of a rapid short covering higher. Stops were elected below the 6526.00 area during yesterday’s European session, establishing a new multi-month low after traders were able to drive the pair below the late-November low down to the 6430.00 area.  Below that level, the next downside...

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Bitcoin (BTC) Outlook Has Changed Again

Bitcoin has once again declined aggressively in the past 24 hours. The outlook has changed once again and now that BTC/USD is trading below $6,864 the probability of a decline to $6,000 has increased further. Near term, we can expect the price to fall to $6,567 where it is expected to find some sort of support. The fear and greed index is now back at “extreme fear” and the market is heavily oversold near term. Even though Bitcoin (BTC) has broken below key support levels, it can still see short term upside which might result in a rally towards $7,000...

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