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Bitcoin (BTC) Bulls Have Lost Control Of The Price, The Next Downtrend Begins

Bitcoin (BTC) bulls have finally lost control of the price as it just tanked below the 21 Day EMA. If BTC/USD ends up closing the week in around current levels, that will be an extremely bearish signal and we might see the price break the important rising wedge as early as next week and the bears will finally be in control. The Money Flow Index indicator on the weekly chart shows that the price has long been overbought and is now primed for a massive fall to the downside. That being said, those that are trying to short Bitcoin (BTC)...

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Sally Ho's Technical Analysis 14 July 2019

Bitcoin Bitcoin (BTC/USD) edged lower early in today’s Asian session as the pair traded as low as the 10,842.01 area following steady selling pressure in yesterday’s European and North American sessions.  Traders were unable to punch BTC/USD above the 11,978.03 area during yesterday’s Asian session, an important technical level that represents the 38.2% retracement of the move from 8919.72 to 13,868.44. The next upside retracement level related to this range is the 12,700.54 area and the next downside retracement level related to this range is the 11,394.08 level followed by the 10,810.13 area. Traders lifted BTC/USD before it tested the...

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Bexplus Analysts Best Chance To Invest In Bitcoin When Retreating Back To MA120

BTC/USDT has been consolidating around $11,000 for 3 days, and its price has gone up to $13,136 early this week. The move indicates a sharp rise could be on the horizon as BTC price continues to trade above Vera band limit, which identifies the upward or downward trend. However, in a complete bullish market, along with the upside trend, there must be several retracement. At the early period of the bullish run, when price retreating back to 120-day line level will be the best time to invest in Bitcoin spot.  Why take 120-day moving average as the basis of trend...

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Bitcoin (BTC) Could Trade Sideways For Now But The Parabolic Advance Is Over

Bitcoin (BTC) could trade sideways for now but it has already done what it was supposed to do. The price has now formed a double top just like it did at the end of the parabolic advance of late 2017. The price is holding above the 21 day EMA just as it did back then and when it finally breaks below it, we are likely to see it flash crash in the same manner that it did back then. After that it will find support on the 50 Day EMA again and then eventually decline below to fall even below...

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Renowned Hedge Fund Manager Says BTC’s Phenomenal Growth Suggests it could be a Good Investment

Bitcoin, blockchain and cryptocurrency have had its fair share of haters over the past few years. But it’s also had a lot of supporters just like the founder of the Mobius Capital Partners and an emerging markets fund manager, Mark Mobius. Mobius said that if Bitcoin is able to continue growing at the rate its at then he would consider investing in the digital asset. Speaking earlier this month, Mobius said that everyone's portfolio should hold ten percent of gold to hedge against the global economy and the performance of the equities market. Speaking whilst in Singapore to Bloomberg last...

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