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This Analyst Places $50k On The Table For Bitcoin

Clem Chambers started explaining that the “macroeconomic trend”, could lean in favour of the cryptocurrency over the next few months and perhaps years. He expects for the leading cryptocurrency to make a significant rally to $20k The market’s rally might not be done yet, despite the naysayers saying the bears are coming out of hibernation… According to a popular analyst of the Bitcoin market, the leading cryptocurrency could skyrocket by another 500 percent and that it ain’t all that far off. The resurgence Before we go any further, it’s worth saying that we aren’t financial investors and this isn’t financial...

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Sally Ho's Technical Analysis 24 November 2019

Bitcoin Bitcoin (BTC/USD) weakened early in today’s Asian session as the pair traded as low as the 7233.31 area after peaking around the 7361.41 area during yesterday’s North American session.  Traders are still talking about Friday’s move that pushed the pair to the 6775.47 area, its lowest print since May, after Stops were elected below the 6899 area.  A series of very large Stops were elected following the pair’s peak around the 9150.00 area a couple of weeks ago, below levels including the 8927, 7806, 7712, 7537, and 7427 areas.  Following the recent move below the 7296.44 area, the 7084.98...

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Why Bitcoin (BTC) Could Fall Further Before A Temporary Bullish Reversal

Bitcoin (BTC) has had a brutal decline but just because things are bad does not mean they couldn’t get worse especially if there are some strong indicators that suggest that. If we look at the 4H chart for EUR/USD, we can see that the forex pair ended up closing well below the 38.2% fib extension level. A crash in this pair is what accelerated the crash in Bitcoin (BTC). We have been discussing for the past few months how this pair has been an effective leading indicator for BTC/USD. This time, there is little left to speculation as the pair...

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Popular Crypto Analyst Willy Woo Believes BTC Has Outperformed Every Other Asset Class For 10 Years

Woo says Bitcoin is as much a “performant” today as it was 10 years ago. The flagship cryptocurrency has been doing better than every other asset class. This includes US stocks bonds, gold, real estate etc. Bitcoin has had its fair share of bull runs over the years. The very first one was in 2011 with Bitcoin at $31. We then saw a resurgence in 2013 after Bitcoin reached $1.1k.  Then, the infamous skyrocket in price to $20k happened and we’re now left pondering the question of if we will ever see something like it again on such a grand...

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Sally Ho's Technical Analysis 23 November 2019

Bitcoin Bitcoin (BTC/USD) faded lower early in today’s Asian session as the pair briefly recovered to the 7392.11 level after trading as low as the 6775.47 area during yesterday’s North American session.  The Stops that were elected below the 8289 and 7594 areas earlier this week opened up the 6899 area as an important technical level, and Stops were triggered below this area during yesterday’s trading activity, driving the pair to its lowest level since May.  Thursday’s move lower was somewhat abrupt as the 8062.04 area that had been technical Support gave way and that led to Stops being elected...

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