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Crypto Twitter Responds to Trump’s Harsh Words On Bitcoin

There has been a lot of backlash over Donald Trump's opinion on Bitcoin and other cryptocurrencies after he tweeted on the social media platform that he is “not a fan” and refers to the digital asset as “highly volatile and based on thin air”.  After Trump's tweets about Bitcoin and cryptocurrency in general, social media responded about how TrumpCoin (TRUMP) has swiftly increased in value mocking Trump over the connections between the name of the cryptocurrency and his contrasted powerful opinion. There were mixed positives and negatives of his tweet with some agreeing and others disagreeing with the president's tweet:...

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Sally Ho's Technical Analysis 20 July 2019

Bitcoin Bitcoin (BTC/USD) encountered some slight buying pressure early in today’s Asian session as traders lifted the pair to the 10,457.00 level after Bids emerged around the 10,111.00 area during yesterday’s North American session, just above the 76.4% retracement of the move from 8,919.72 to 13,868.44.  The next upside retracement targets related to this range are the 10,810.13 and 11,394.08 areas. Minor Stops were elected above the 10,649.28 area during yesterday’s Asian session, representing the 38.2% retracement of the move from 13,202.63 to 9,071.00. The pair encountered some technical Resistance around the 50-bar MA (4-hourly), however, and then had problems...

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Miners Hard at Work To Keep Bitcoin Above $6.5k

The volatility of Bitcoin over the past few years has been nothing short of astounding. We’ve seen the lows of December 2018 and the highs od December 2017. Today, we are seeing what some people predict to be the start of the next bull run as the Bitcoin price has just recovered from its drop below $10k and is now trading at around $10.5k at the time of writing.  Some investors are very bullish on the leading cryptocurrency with some saying that a return to $20k could happen by the end of the year as the network block reward halving...

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Bitcoin (BTC) Stays Strong Above 50 Day EMA, Significant Further Upside Likely

Bitcoin (BTC) stays strong above the 50 Day EMA. Despite recent attempts to pull BTC/USD below the 21 Day EMA, we see significant strength in the market. The bulls are not ready to cede control and the bears are not determined to bet heavy on a decline from here now that the price has closed above the 50 Day EMA. Bitcoin (BTC) has started the day in red as it retraced from the 21 Day EMA like we expected. We could see it fall even further but the most likely scenario is that it is going to start rising before...

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Regulatory Legislations Push Market Forward

Anyone with a stake in the cryptocurrency market has at least some awareness of the current regulatory climate. For one thing, regulatory changes are in the news on a seemingly continuous basis. In the United States, the Securities and Exchange Commission (SEC) is leading the charge. It all started in December 2017, when SEC Chairman Jay Clayton issued the Official Statement on Cryptocurrencies and Initial Coin Offerings. In this particular case, really the first time the SEC took an official position, it was basically too little too late. The December 2017 brief was largely a response to the 2017 ICO...

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