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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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Bitcoin (BTC) Rally Towards $12,000 Likely But A Brutal Downtrend Awaits

Bitcoin (BTC) is holding strong above the $9,508 support and is now eyeing further upside. If the price breaks above the 50 day EMA, it will be in the clear to shoot as high as $12,000 before the long awaited downtrend kicks in. If we take a look at the daily chart for BTC/USD, we can see that the 38.2% fib extension level from the parabolic rally of 2017 has been an important level for the price. This is a strong resistance zone that the price has failed to breach effectively. Now that we are seeing the sentiment turn bullish...

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