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Sally Ho's Technical Analysis 2 December 2019 BTC ETH

Bitcoin Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair gained ground to the 7448.00 level after trading as low as the 7237.16 level during yesterday’s European session.  Market sentiment has improved over recent days following the pair’s climb higher from the 6526.00 level. Notably, the pair has recently traded above the 7568.81 area, representing the 23.6% retracement of the move from 10944.67 to 6526.00.  During Friday’s North American session, the pair stopped just short of testing the 7893.48 area, representing the 23.6% retracement of the depreciation from 12320.40 to 6526.00.  Two similar levels include the 8101.68 and...

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Is Bitcoin (BTC) Ready To Fall Below $7,000 Again?

The price of Bitcoin (BTC) crashed hard today below the key $7,424 support where it consolidated before a massive pump that saw the price rise by more than 43% in just two days. This was a very important level that served as a strong support when the price recently broke past it after it had found a temporary bottom below $6,524. Many analysts still expect the price to rally towards $8,000 at this point and it may very well happen considering the falling wedge BTC/USD is trading in has to be broken at some point. However, it is very important...

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Analysts Find It Unlikely For BTC To Make A Comeback For Christmas

Analysts don’t see the bulls regrouping in the next month or so. December will more likely be a cold winter for the popular cryptocurrency.  For now, a slow but sure bleed seems to be on the table. Bitcoin is in the bears home now. While December has been the month people were anticipating to throw bitcoin to new heights, it seems like things might be a bit… underwhelming this year. Just as we saw BTC crash last winter, things don’t look great for the flagship cryptocurrency. Even analysts don’t see the bulls regrouping in the next month or so. December...

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Celsius Network CEO Discusses BTC & Why He Got involved With Crypto Part 2

Alex Mashinsky recently sat down with CryptoSlate in a new interview. In the interview with Mashinsky, the subject moved onto why he built Celsius, the risks of using crypto lending platforms, the challenges of building an app for crypto users, and why he thinks Bitcoin will not be the winning blockchain. The Celsius Network CEO Alex Mashinsky recently sat down with CryptoSlate in a new interview. The CEO is a bit time entrepreneur and is also the founder of seven New York-based startups. In fact, he has raised more than $1 billion and exiting over $3 billion. In the interview...

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Sally Ho's Technical Analysis 1 December 2019 BTC ETH

Bitcoin Bitcoin (BTC/USD) weakened early in today’s Asian session as the pair traded as low as the 7499.04 area after trading as high as the 7820.00 area during yesterday’s European session.  BTC/USD has twice tested the 100-bar MA (4-hourly) during recent trading sessions, an indication of upward price pressure. Traders are observing that BTC/USD is in a clash between Bears who sold the pair following its depreciation from the 10540.49 area and Bulls who have purchased the pair following its recent recovery from the 6526.00 level.  Chartists are observing some important clues including Bids that emerged during Friday’s North American...

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