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Tom Lee Sees Bitcoin as a Legitimate Safe Haven For Investors

The well-known senior analyst and bitcoin bull, Tom Lee is once again showing his confidence in the leading cryptocurrency in that it could be a genuine safe haven for investors. Lee was asked about whether Bitcoin could be a legitimate safe haven for investors when he took part in an interview for the Fox Business channel on Thursday where he said: “Yes. You can see it in markets. Where there’s turmoil, the local Bitcoin prices tend to surge and trade at a premium, because people are trying to find ways to protect their money. So yes.” Performance of BTC Lee...

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Craig Wright: “Bitcoin Doesn’t Work Outside Government.”

Bitcoin and Bitcoin Cash have been at each other's virtual throats for a while now as there isn’t a lot the two parties can agree on. But even so, there is one activity that brings the two rivals together and that seems to be the infamous Craig Wright. The self-proclaimed Satoshi Nakamoto has claimed that he is the man behind the leading cryptocurrency (duh), which he later abandoned to focus his time more on Bitcoin Cash and then later move on to Bitcoin SV in the year following. In an interview Wright took part in on Wednesday with the Cheddar...

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Bitcoin (BTC) Likely To Fall Below $9,500 Again As Bulls Lose Control

Bitcoin (BTC) is trading within a bear flag that could soon break to the downside and then the price would be on its way to fall down to $9,473 again. We have been expecting a retest of this level and it is likely that it may happen soon. However, it is important to note that there is too much uncertainty in the market. Traders are unsure as to which way the price could go from here and that is seen in the form of extreme volatility in the market. There have been a lot of misleading moves today. At first,...

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Bitcoin (BTC) Bulls Get Too Confident, Too Soon

Bitcoin (BTC) attempted to test the 50 day EMA but it failed miserably and the price declined before BTC/USD could actually test that level. This means that we are likely to see the price form another candle to the downside and maybe we might not see bullish recovery until next week. It is still possible though for the price to test the 50 day EMA tomorrow or the day after because we still have two more days left before the weekly close. If we take a look at the 15 minutes chart for BTC/USD it all begins to make sense...

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Sally Ho's Technical Analysis 16 August 2019

Bitcoin Bitcoin (BTC/USD) gained a little bit of ground early in today’s Asian session as the pair escalated higher to the 10,154.74 level following another sharp move lower overnight that saw the pair test the 9,470.00 level, its weakest print since late July.  The pair was unable to get back above the 10,234.22 area during yesterday’s Asian session and European session, representing the 50% retracement of the move from 6,600 to 13,868.44.  Bids emerged around the 9,470.23 level during today’s Asian session to reverse the quick decline lower, representing the 50% retracement of the move from 5,072.01 to 13,868.44.  The...

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