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Bitcoin (BTC) Not Likely To Go Down Just Yet

Bitcoin held $10,000 and has now broken out of the falling wedge and is eyeing further upside from current levels. We pointed to the probability of this move in our last analysis. BTC/USD is primed for a brutal downtrend long term but it is still likely to see further upside short term. Many of the bears as well as the bulls are eyeing a break below $9,000. The bears expect it to keep falling further but the bulls are only hoping for such a decline so they can buy cheap Bitcoin (BTC). To such bulls, I would say be careful...

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Sally Ho's Technical Analysis 12 September 2019

Bitcoin Bitcoin (BTC/USD) gained marginal ground early in today’s Asian session as the pair climbed to the 10199.77 area and traded as low as the 9926.49 area during yesterday’s North American session, just below the 61.8% retracement of the 7508.77 – 13868.44 range.  BTC/USD was generally weaker yesterday and traded below the 100-bar MA (4-hourly) during most of yesterday’s Asian and European sessions.  Notably, the intraday high through the early part of today’s Asian session was right around the 50% retracement of the recent 10451.75 – 9851.97 range. BTC/USD climbed back above the 50-bar MA (hourly) and must now contend...

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Twitter Bitcoin Tipping Service Tippin.me Launches On Android, iOS Coming “soon”

Mobile phone users can now smile as Twitter’s service for Bitcoin (BTC) micropayments tippin.me is now available on mobile devices. The alpha version of the service will be tested this week for Android devices while alpha testing for iOS devices is underway, a report says. The service which will launch as an app will have a mobile Lightning Network-enabled wallet that will allow users to send tips in Bitcoin on the lightning network. A major push Lightning adoption Lightning network is a layer 2 solution intended to reduce the scalability issues with Bitcoin on-chain transactions. It allows users to carry...

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Bitcoin (BTC) Primed For A Swift Bullish Reversal As Bearish Momentum Fades

Bitcoin (BTC) finally made the move that we’ve been calling for in our analyses for weeks now. It was the move towards $9,916 and that finally came to fruition. However, like us, many other professional traders expected that move so when it finally happened, they took profits and got out of their positions. This resulted in a weakening of the bearish momentum. Make no mistake; there are a lot of retail bears still hoping for the price to fall to $8,800 or lower levels from here. I don’t see it happening at this point. The most probable scenario that I...

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€100k Bitcoin Competition Kicked off By Dominos Pizza in France

Love it or hate it, you can’t deny that Dominos Pizza is huge. As one of the thousands of pizza joints across the world, Dominos is a household name at this point and one of its French units has just launched a competition with the prize being €100,000 worth of bitcoin. In a tweet posted by Dominos France last week, the firm started a competition to give away the euros on the occasion of its 30th anniversary. A rough translation says “For our 30th birthday, you win something sick: 100 000 € in cash or bitcoin 🤑100% winning game with...

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