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Bitcoin (BTC): Will This Time Be Different?

Bitcoin (BTC) has had one of its most brutal weeks in a long time. We have now seen a series of red weeks for BTC/USD but now it is at a critical juncture. The price has just declined down to the 100 Week EMA which takes us back to the same time of the year last year. Bitcoin (BTC) did the exact same thing on Nov 12, 2018 as it crashed down to the 100 Week EMA. However, back then it ended up closing below that level which was then followed by an even brutal decline leading to the December,...

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BTC Sinks Again - China Hype Movement Lost

President Xi Jinping addressed the nation last month, in regards to the “important role of blockchain. Peter Schiff says it is a “classic pump and dump” scheme.  Chinese President Xi Jinping addressed the nation last month on October 25th, in regards to the “important role [blockchain would play] in the next round of technological innovation and industrial transformation.”  Jinping declared that his administration would make a primary focal point on getting China to “take the leading position gain” in the research and development of blockchain tech. The President said: “Major countries are stepping up their efforts to plan the development...

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BTC Futures Settled in Cash to be Launched by Bakkt Next Month

Intercontinental Exchange revealed that the launch of its Bakkt's cash-settled Bitcoin futures will be taking place in December. The cash-settled futures contracts of the recently launched trading platform are set to see a listing on the ICE Futures Singapore. Intercontinental Exchange (ICE) revealed in a new press release published yesterday that the launch of its Bakkt's cash-settled Bitcoin futures will be taking place on December 6th. This confirms the statement that was made by the COO of Bakkt, Adam White who recently claimed that Bitcoin-to-USD futures would be going live before the turn of the year. Lucas Schmeddes, President &...

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Peter Schiff Predicts a £1k BTC Following Sell-Off

Bitcoin fell below the $8,000 key resistance level on Thursday. This harsh loss in value marked an almost fifty percent retracement in the past 12 months.  Peter Schiff, the well-known gold bug and bitcoin naysayer did not pass up the chance to start ripping into the top crypto. Bitcoin fell below the $8,000 key resistance level on Thursday, in a harsh sell-off that sucked in the rest of the cryptocurrency market.  This harsh loss in value marked an almost fifty percent retracement in the past 12 months. But, with trade volumes taking a hit these last couple of days, Bitcoin’s...

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Sally Ho's Technical Analysis 22 November 2019

Bitcoin Bitcoin (BTC/USD) was a little stronger early in today’s Asian session after the pair traded as low as the 7374.50 area during yesterday’s North American session.  Stops were elected below the 7427.00 area during the pair’s move to November monthly lows.  Traders continue to observe the pair trading between some important long-term technical levels, namely the 8498.67 and 7231.40 areas which represent the 50% and 61.8% retracements of the move from 3128.89 to 13868.44.  A break of the 7231.40 area technically opens up the 5663.42 area, representing the 76.4% retracement of the same range. Likewise, a break of the...

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