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Why Chasing Bitcoin Is Not Worth It

Bitcoin is back above $9,700 and we are now likely to see it rally past $10,000. The price ended up testing the $9,830 level before it retraced from there. We are likely to see further upside follow from here in the near future. The daily chart for BTC/USD shows a symmetrical triangle that the price is very close to breaking out of. Either we might see a break to the upside or a break to the downside but we have to see it do either of the two most likely before the end of the month. In addition to that,...

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When the Bears Go, the Euphoria Will Kick in for Bitcoin

For the past few weeks, the markets have been fighting to keep the bulls in and the bears out but this is no simple task.  In trying to keep up with its yearly high of $13k, Bitcoin is struggling on its knees! The leading cryptocurrency has now dropped below $10k key resistance level and is now trading at around $9.6k. The Bitcoin enthusiasts have looked to compare the current movement of getting BTC to $14k to what happened in 2017 right before Bitcoin reached its all-time high of $20k. The Twitter analyst, unde the name ‘Crypto Michaël”, believes that the...

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Without Stripe and Paypal accepting cryptocurrency, what are your alternatives?

On May 22, 2010, Bitcointalk user “laszlo” offered 10,000 bitcoins in exchange for two large pizzas. This may have been the first ever instance of BTC being traded in exchange for real-world goods, and although by today’s exchange rates it seems astronomically foolish to pay 10,000 BTC for two large pizzas, at the time it was a pretty fair trade. Sure, those pizzas cost around 100 million USD with the modern exchange rates, but how could laszlo have had any idea BTC would go up so far in less than 10 years? This volatility, both in daily measurements as well...

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Analysts Have Their Say on What Could Happen to Bitcoin if Juncture Snaps

The Bitcoin price, according to traders and analysts, is currently sat at a critical juncture. This comes following it's indecisive weekly close and is waiting for confirmation for either a full short term trend breakdown or reversal for Bitcoin.  Ever since July, the price of Bitcoin has been testing the ‘range bottom’ from $9,400 to $9,700. It has done this a total of six times and has weakened the support over the past few months.  Analysts like Nick Cote, DonAlt, Scott Melker, and Josh Rager have said that if the Bitcoin price isn’t able to climb over the key resistance...

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Sally Ho's Technical Analysis 2 September 2019

Bitcoin Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair climbed to the 9840.00 level after finding some Bids around the 9539.58 level during yesterday’s North American session. The surge higher took BTC/USD to it strongest level since its depreciation from the 10277.00 figure days ago, but the pair stopped short of testing the 50-bar MA (4-hourly), currently indicating around the 9862.95 area.  During a pullback late in yesterday’s North American session, Bids emerged around the 9765.93 area, representing the 38.2% retracement of the 3128.89 – 13868.44 range. Some positive clues emerged regarding BTC/USD’s upward short-term bias when...

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