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Bitcoin (BTC) Retail Bears Continue To Be Shaken Out Before The Big Crash

Bitcoin (BTC) is on the verge of a major decline as the price has just found resistance at a trend line support turned resistance. BTC/USD declined from there but before it could continue its decline below the 38.2% fib extension level, it rallied higher from there to shake out the bears. This is nothing surprising because the market makers have always attempted to shake out the bears before the biggest and most meaningful crashes. There was a strong probability that this might happen and the big move to the upside that left a long wick shows us how much real...

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Demeester Compares Bitcoin to Amazon Stock in 2003

Despite the wild volatility in the bitcoin price over the past few weeks, the well-known bitcoin investor Tuur Demeester has said that we’re not in the bear market and he insists that we are currently in a state of “post-ICO-bubble bitcoin bull market.” This is no "crypto bear market" but rather a post ICO bubble bitcoin bull market. The year is 2003, 99% of dotcom IPOs are dead, and just like AMZN then, BTC today is a screaming buy. pic.twitter.com/hGMbiZbN0q — Tuur Demeester (@TuurDemeester) September 6, 2019 The rise in the price of cryptocurrencies has been often accompanied by an...

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Binance-Backed Cere Network Prepares Private Sale With a Little Help From Matic

In what has been described as “an industry first,” Cere Network has announced its intention to sell tokens exclusively to Matic token-holders during a private sale round. Cere Network, a product of the Binance Labs incubator, is a customer relationship management (CRM) project harnessing blockchain to allow for greater transparency and utility in the CRM market. In its forthcoming private sale, $100,000 of tokens will be offered directly to Matic token-holders. Cere has already gained significant backing from a number of VCs including Fenbushi Capital, Neo Global Capital, Arrington XRP Capital, and Kenetic Capital. With the aid of Binance Labs,...

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BTC See’s Slow Plummet over Weekend

After almost touching $11k on Friday, the price of bitcoin took a turn for the worse over the weekend as the price sank below £10.5k in just two days. This was a six percent loss against the US dollar. When the BTC price made its way to $10.9k many technical analysts believed that the asset would start testing new waters from $11.4k to $12k. Last week, on September 3rd, the technical analyst and crypto trader DonAlthighlighted that bitcoin has been moving in between a large range since July.  With bitcoin testing $12.6k as a regular occurrence from July the middle...

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Bitcoin (BTC) Resumes Downtrend To $9,900

Bitcoin (BTC) has finally declined below $10,400 to begin its downtrend. It kept stalling this move for long but now we have seen it decline following the same fractals as it did just before in August, 2019. There are strong similarities between the two fractals. If we take a look at the 1H chart for BTC/USD, we can see that the price tested the top of the trend line resistance and declined from there to the 200 EMA last month. The same thing has happened this time as well. In addition to that, we have seen Bitcoin (BTC) find support...

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