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Bitcoin (BTC): Short Term Bullish Trend Reversal Is Only A Matter Of Time

Bitcoin (BTC) is long overdue for a major bullish reversal short term and it is only a matter of time that we see that happen. The daily chart for BTC/USD shows how the price has been trading within a diamond formation and is now ready to break out of it. We could see the price trade sideways within this diamond formation or even fall further leaving long wicks to the downside as it ends up closing back within the diamond. However, the fact of the matter is that there are a lot of indicators pointing to imminent bullish reversal from...

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Winklevoss Argues ‘Bitcoin Vs Gold’ Debate

One-half of the Winklevoss twins, Cameron Winklevoss has come out to say that Bitcoin’s possibilities go beyond just ‘digital gold’. In a tweet posted earlier today, Cameron argued: “Because Bitcoin is open source software, its possibilities are boundless. I often talk about gold as a target market cap, but that's really just the beginning...it's digital gold, source of truth, etc…” Cameron’s argument mainly focuses on going beyond the typical analogy of comparing the leading cryptocurrency with that of solid gold. The proponents of gold have been compared to the finite supply of bitcoin given the scarcity of the gold bars. ...

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Sally Ho's Technical Analysis 23 October 2019

Bitcoin Bitcoin (BTC/USD)  depreciated to the 7998.90 level early in today’s Asian session as the pair failed to sustain a move higher to the 8317.14 area during yesterday’s North American session. The pair has recently been orbiting the 8200.63 area, representing the 38.2% retracement of the 8826.00 – 7814.08 range, and derived support around that level during yesterday’s European and North American sessions.  Buying pressure also emerged around the 50-bar MA (4-hourly) during yesterday’s North American session, then indicating arou nd the 8201 level, but Stops were elected below it during this most recent downturn. Chartists also note that the...

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Bitcoin (BTC) Is Ready To Take Off Again

Bitcoin (BTC) is trading sideways as it eyes a break past $8,300. Sooner or later we are likely to see the price break the resistance at $8,283 to rally higher. In technical analysis, the more a level is tested, the higher the odds that it will eventually be broken. We have seen for the past few days that the price keeps on testing this level. The recent consolidation in BTC/USD has now become part of a bull flag that might soon see the price break past a key resistance to rally towards the 200 EMA on the 4H time frame...

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Why BTC’s 2020 Halving Is So Important

In May next year, we’re going to see an event which is expected to stir up the space a tad… Well, I say a tad, however, the bitcoin halving is one of the most anticipated crypto events since the launch of the Bakkt platform a few weeks ago, but we all know how that went. Following the halving event, we can expect to see price changes, specifically, they are expected to go up but as we all know, anything can happen in the wacky and weird world of cryptocurrency. Members of the Bitcoin community have taken to Twitter to reveal...

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