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Bitcoin (BTC) Is Now Closer To Its Deadliest Crash In Months

Bitcoin (BTC) is once again on the verge of its deadliest crash in months. We were this close to such a decline once before but the circumstances were different back then because the majority of retail traders were not bullish. A lot of them were fearful and some were bearish. However, this time the situation is entirely different as the recent parabolic advance has made a lot of traders overly optimistic. There is a high probability that a retracement to the mid $8,000s will be seen by the market as a healthy pullback and a precursor to a major rally...

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Even The Bitcoin Bears Can See Bitcoin Rising In 2020

So despite the lack of quick thinking that the market has after Bitcoin lost most of the value it had so recently gained, some analysts have still got the confidence in them that the bitcoin price is heading towards a new record high in 2020. Speaking on CNBC’s Squawk Box was the prominent anchor Joe Kernen has highlighted that the next halving of Bitcoin blockchain protocol suggesting that it could act as a major catalyst for the asset over the medium to long term. Bitcoin Price Gaining Over recent years, the Bitcoin value has been mainly driven due to the...

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Bitcoin Price Review: 165% Increase In Q2, Bitcoin Dominance Over 65% - The Libra Effect

In our review, we want to focus fully on Bitcoin and look back. How did the Bitcoin course develop in Q2 2019 and which news and events had a particular impact on the king of all cryptocurrencies? We also look at the Bitcoin dominance and further developments. Bitcoin price rises 165% in Q2 2019 - the backgrounds The Bitcoin price rose a whopping 165% in the second quarter of this year, bringing many  smiles to Bitcoin investors. Bitcoin was able to outperform most of the Altcoins and was one of the main drivers for a total growth in the crypto...

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Bitcoin (BTC) Could Go Up But Not For Long

Bitcoin (BTC) is struggling to stay above $9,700 on the last day of the month. It keeps on testing the 38.2% fib extension level. So far, it has failed to break past it and has already faced a rejection which was followed by a retracement. The price will not have to break decisively either above or below it. The odds of BTC/USD declining to the bottom of the falling wedge to mid $8,000s are higher than the odds of it shooting towards $10,800 from here. If the price does end up shooting up from here without falling to $8,500 it...

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Sally Ho's Technical Analysis 31 July 2019

Bitcoin Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair climbed to the 9839.83 area following its recent dive below the psychologically-important 10,000 figure. The move higher challenged the 100-bar MA (4-hourly) that has kept the pair pressured for several trading sessions and this technical Resistance has driven the pair lower to test some technical Support, including the 9285.48 area that represents the 50% retracement of the move from 4,702.53 to 13,868.44.  The pair’s next upside price objective related to this range is 10,367.06 and the pair’s next downside price objective related to this range is 8,203.91. If...

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