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What Happens When Bitcoin Hits $20K Part 1?

Given the recent success of Bitcoin and based on the fact that we are all feeling very excited at Crypto Daily at the moment, we want to explore what might happen when Bitcoin (if Bitcoin) hits $20,000.00 again in the coming months. In case you need a refresher, $20,000.00 is seen as the ultimate target for the value of Bitcoin because this is Bitcoin’s historical all time high. A couple of years ago around the christmas period, the markets entered a huge bull run, it was this bull run that helped push Bitcoin to the top, and also helped Bitcoin...

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Bitcoin (BTC) Still On Track To Bottom Between $1,200-$1,800 By June 2020

Bitcoin (BTC) is ready to crash hard soon as it breaks below the fib circle that the price is trading close to. On smaller time frames, we can see that the price is in fact trading within a large descending triangle which is very likely to break to the downside and trigger the next downtrend. For seven weeks now, BTC/USD has been consistently trying to break past the 38.2% fib extension level but it has failed miserably. This shows us that the price is not ready to break above $12k as there are a lot of seller eager to sell...

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The Truth About Bitcoin And Terrorism

It’s no secret that Bitcoin and cryptocurrencies are rife within the criminal underworld. The likes of silk road and Bitcoin’s involvement in the dark web has meant that for years, cryptocurrencies have been used to fund various criminal activities from drugs, to weapons manufacture, human trafficing, money laundering and even terrorism. Whenever we write about this sort of thing I always like to make the effort to point out that yes, whilst it is true that criminals use Bitcoin, it’s also true that criminals use FIAT currencies too, in fact, FIAT currency is a far greater asset to criminals and...

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Bitcoin (BTC) Remains At High Risk Of Further Selloff

Bitcoin (BTC) has invalided the short term downtrend as we have seen it break the RSI downtrend but it still remains at risk of significant further sell off. The price action on the 4h chart can be quite misleading as it would have investors think that the market is on the cusp of an uptrend. Bitcoin (BTC) is up more than 2% while Ethereum (ETH) is up close to 5% at the time of writing. This would lead many traders into believing that we are about to see further upside but that couldn’t be further from the truth. In fact,...

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Sally Ho's Technical Analysis 12 August 2019

Bitcoin Bitcoin (BTC/USD) searched for a fresh market bias early in today’s Asian session as the pair continues to take cues from important technical levels. During yesterday’s European session, the pair fell sharply to the 11,088.88 area before bouncing higher, a level that is right around the 38.2% retracement of the move from 6,600.00 to 13,868.44. BTC bulls continue to try to establish a base around the psychologically-important 12,000 figure, a possibility especially after several recent tests of the technically-important 11,978.03 area, representing the 38.2% retracement of the move from 8,919.72 to 13,868.44. Likewise, BTC/USD Bulls are trying to establish...

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