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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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Bitcoin (BTC) Correction Over For Now?

Bitcoin has inflicted some serious pain on the bulls in the past few weeks. Since last Friday, 547.5 million shorts have now been liquidated and a lot more might yet be liquidated. The bulls have been drawing trend lines on their charts hoping for the price to rally at every point but it is a very dangerous game to be hoping and wishing in this market. We have now seen that the recent correction has almost come to completion. The BTC/USD chart shows that the price has declined down to the 61.8% fib extension level. It would be very surprising...

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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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