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US Treasury Secretary: I Will Not Be Loaded Up On Bitcoin”

Steven Mnuchin has been in the crypto news quite a bit recently. This week is no different as he has just said that he will never add Bitcoin to his investment portfolio… Given that Mnuchin is the United States Treasury Secretary, this is quite a bit statement and one that isn’t very bullish for the space. The former hedge fund manager has expressed his distrust of the cryptocurrency in a new interview clip released by CNBC in which he assures the network that they won’t be talking about Bitcoin as little as six years from now.  Speaking to the host...

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Bitcoin (BTC) Bullish Reversal Or Price Manipulation?

Bitcoin (BTC) closed the day below the 50 day EMA but something very interesting happened soon afterwards. The price shot up through the 50 day EMA and has now made the bulls hoping for a bullish continuation. It is important to note here that BTC/USD ended up closing above the 38.2% fib extension level from the all-time high which is a bullish sign that means that the bulls might be in control for the time being. If we take a look at the daily chart, we can see that the price made two consecutive closes below the 50 Day EMA....

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Sally Ho's Technical Analysis 25 July 2019

Bitcoin Bitcoin (BTC/USD) was pressured early in today’s Asian session as the pair moved to the 9,507.38 level before gaining a little bit of ground back.  The low of 9,507.38 was just below the 9,532.39 area that represents the 38.2% retracement of the move from 19,891.99 to 3,128.89.  During yesterday’s North American session, the pair gained some ground but stopped short of testing the 9,938.16 area. This follows the pair’s inability to move above the 10,234.22 area during yesterday’s Asian session. That level represents the 50% retracement of the move from 6,600.00 to 13,868.44 and given the market’s current bearishness,...

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Pantera Capital CEO Gives “Nuts” Bitcoin Prediction

Despite being in the red at the time of writing, Bitcoin could still see record highs before the year's end. At least, that’s according to the founder and CEO of Pantera Capital, Dan Morehead. Taking part in a recent podcast with Unchained, the CEO explained the huge potential for further growth in the leading cryptocurrency. “Graph the price of bitcoin logarithmically and its trend has been to grow at 235% compound annual growth rate. That puts BTC at $42,000 at the end of 2019. I think it’s a good shot that at the end of the year we hit that.”...

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Bitcoin (BTC) At High Risk Of A Flash Crash To $7,200 As Bears Take Control

Bitcoin (BTC) has already broken the parabolic uptrend that had everyone hoping for a rally to a new yearly high or a new all-time high. The weekly chart for BTC/USD shows that it has now declined below the rising wedge and is hanging by a thread to break below the 38.2% fib extension level from the December, 2018 lows. If the price falls below the 38.2%, we are likely to see a flash crash to the 61.8%. This is when most traders will realize that maybe that is not the beginning of a new bullish cycle. For the past few...

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