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BTC/USD Showing a Spark on Drive to 12000: Sally Ho's Technical Analysis 31 August 2020 BTC

Bitcoin (BTC/USD) attempted to maintain its upward momentum early in today’s Asian session as traders continued to buy on dips above the 11000 figure and attempt to establish a base above the 11548.24 area, representing the 61.8% retracement of the recent depreciation from 11823.62 to 11102.73.  Traders recently tested the 11648.05 area during the pair’s appreciation, representing the 38.2% retracement of the recent appreciation from 8055.91 to 13868.44.  Notably, the 11631.37 area represents the 38.2% retracement of the recent depreciation from 12486.61 to 11102.73, and traders are interested to see if BTC/USD can establish momentum above this level.  During the pair’s recent...

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Reaching the media: Hong Kong newspaper prints full-page advertisement on BTC

The Apple Daily, a local newspaper in Hong Kong just recently had a full-page advertisement dedicated to the leading Cryptocurrency.  The Independent media offering just recently saw its chief executive officer, arrested earlier this month on the 10th of August.  The Apple Daily, a local newspaper in Hong Kong just recently had a full-page advertisement dedicated to the leading Cryptocurrency. Translated, the advertisement reads that, “Banks, today you’re not ditching me, I’m ditching you.” The advertisement further went on to discuss how bitcoin can’t be shut down or controlled by a higher entity such as governments or an institutional company. ...

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11429.33 Emerges as an Important BTC/USD Level: Sally Ho's Technical Analysis 30 August 2020 BTC

Bitcoin (BTC/USD) continued to orbit some key technical levels early in today’s Asian session as traders waited to see if the pair can reclaim the 11631.37 area, representing the 38.2% retracement of the recent depreciation from 12486.61 to 11102.73.  Traders pushed BTC/USD as high as the 11580 area during yesterday’s European session before profit-taking pushed the pair lower to the 11422.21 area during yesterday’s North American session.  During the pair’s recent pullback from multi-month highs, Stops were elected below the 11642.05, 11603.11, 11560.28, 11533.61, 11516.38, and 11442.52 areas, levels related to the pair’s appreciation to the 12486.61 area.  After the depreciation of...

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Pompliano believes that bitcoin should be included in every pension system in the future

This year has been quite mental for everyone and anyone.  The pandemic has taken a massive toll on our day-to-day lives and even though we are coming towards the end of harsh lockdown restrictions, the repercussions of this pandemic and recession will echo for the years to come.  This year has been quite mental for everyone and anyone. The pandemic has taken a massive toll on our day-to-day lives and even though we are coming towards the end of harsh lockdown restrictions, the repercussions of this pandemic and recession will echo for the years to come. Specifically looking at the...

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Why BTC/USD's Lifetime High Print of 19891.99 Continues to Impact: Sally Ho's Technical Analysis 29 August 2020 BTC

Bitcoin (BTC/USD) orbited the 11500 area early in today’s Asian session as traders awaited fresh sentiment following the pair’s appreciation from the 11125 area during yesterday’s Asian session, a test of the 11120 area that traders tested this week.  This also represented a test of the 11236.14 area, the 78.6% retracement of the appreciation from 11120 to 11662.72. Traders lifted BTC/USD through yesterday’s European and Asian sessions, testing the 38.2% retracement of the recent depreciation from 12486.61 to 11102.73.  During the pair’s recent pullback from multi-month highs, Stops were elected below the 11642.05, 11603.11, 11560.28, 11533.61, 11516.38, and 11442.52 areas, levels related...

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