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Why Bitcoin (BTC) Bulls Have Nothing To Worry About Just Yet

Bitcoin (BTC) has declined below to a four digit price as we expected. We predicted this in our last analysis on BTC/USD. The price was trading around $10,830 when that happened. Soon after we posted the analysis, the price declined to a four digit price i.e. below $10,000. Similarly, we also said in our last analysis that “Ethereum (ETH)’s decline below $200 is inevitable”. The price declined exactly as we expected and touched the 61.8% mark. The market has now completed an important correction and we might see a temporary relief rally to the upside. If we take a look...

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Sally Ho's Technical Analysis 17 July 2019

Bitcoin Bitcoin (BTC/USD) fell sharply early in the Asian session as the pair traded as low as the 9350.00 area after consistent selling started in earnest during yesterday’s Asian session when the pair was trading around the 11,080.01 area. This was just below the 38.2% retracement of the move from 6,600 to 13,868.44, and the pair’s weakest showing since around 20 June. The pair quickly moved below the 200-bar MA (4-hourly) as additional bearish sentiment intensified.  A relatively small amount of buying activity materialised during yesterday’s European session around the 10,512.56 area, right around the 38.2% retracement of the 5,072.01...

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Ron Paul Bullish on Bitcoin - “I Think It’s a Great Idea”

The author, physician and former United States Congressman, Ron Paul has said that he is in favour of cryptocurrencies and blockchain technology because he likes the competition between currencies.  Bullish on Bitcoin Paul took part in an interview for the Squawk Alley segment on CNBC yesterday 15th July where he said that he is a big fan of crypto! The former congressmen added that governments should only step in to regulate the space to help prevent fraud and illicit activity. “I’m for the least amount of regulation. I don’t know what’s gonna happen to cryptocurrencies. I think it’s a great...

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Buterin Talks On Bitcoin Cash Implementation for Scaling Ethereum

One of the co-founders of Ethereum, Vitalik Buterin has proposed to use the Bitcoin Cash blockchain as a temporary scalability solution for the Ethereum network. The well-known crypto figure introduced a summary of the idea in a blog post published on 13th July. In the past, the Ethereum network has gone through some scalability problems, with its native blockchains capable of processing as few as fifteen transactions per second (TPS), whereas its rival, Ripple is believed to have a TPS capacity of 1,500. With this, the Ethereum community has been working hard on the next venture for the decentralised project,...

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Bitcoin (BTC) Risks Flash Crash To Four Digits As Bears Regain Control

Bitcoin (BTC) could flash crash to a four digit price, but why? Let us set the technicals aside for a while and look at this from a psychological standpoint. When the price was breaking past $10,000 for the first time after the bear trend, a lot of people expected there to be significant selling around this point as it would be a strong psychological barrier, but instead we saw more pumps to the upside. If we take a look at the daily chart for BTC/USD, we can see that there is no red candle in sight between $10,000 and the...

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