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Bitcoin (BTC) Top Very Likely To Be Already In, NVT Signals Downside Ahead

Bitcoin (BTC) is very likely to have already topped out around $13,941. This rally is a lot similar to those that we have seen in the past that leads to the formation of a double top that triggers a downtrend. BTC/USD has been on a parabolic run for the past few months without any significant correction. It is not a question of if the price is going to begin a downtrend but when it will begin the downtrend. Some retail traders might disagree in light of the bullish euphoria and actually think that this could go on forever but history...

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Bitcoin’s Status In Iran Is… Complicated

Iran’s crypto community is slowly growing but as it does, it is currently fighting to bring its economy forward. Even though the nation has expressed interest in digital assets, enthusiasts shouldn’t get their hopes up too early.  The deputy governor for new technologies at the country’s central bank, Masser Hakimi has made a few statements saying crypto trading is actually illegal, and it banned by the government. Speaking in an interview with Tasnim News, the deputy governor explained that the recent spike in cryptos popularity in Iran could actually be dangerous for the public due to the sheer volatility of...

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Bitcoin (BTC) Is Back Above $13k, Has The Bull Run Begun?

Bitcoin (BTC) is back above $13,000. By the time you are watching this video, the price might be lower than $13,000 but it did manage to climb slightly above $13,000 and touched the $13,157 mark before it retraced from there. Now, the price is expected to close below this level because that is what it did the last two times when it attempted to break past this resistance. We did not see a retest of this level yesterday which is probably why the price tested it today and has now declined below that level forming a double top. This double...

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CD Large-Cap Index Weaker Despite Bitcoin’s Push to 13,000

The CryptoDaily 21 Leaders Cryptocurrency Index closed lower at 50.62 on Tuesday from 51.45 on Monday, a 1.61% decline. The 21 Leaders Index is up 0.77% over the past 7 days and is up 11.20% over the past 30 days.  Chainlink (LINK) declined 5.7% to a market capitalisation of US$ 1.09 billion as traders continue to await a possible announcement of a relationship with Microsoft. Zcash (ZEC) depreciated 5.1% while Bitcoin Gold (BTG) led the advancers with a +4.7% gain. The CryptoDaily Large-Cap Cryptocurrency Index slumped to 36.09 on Tuesday from 36.37 on Monday, a 0.77% fall. The Large-Cap Index...

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Sally Ho's Technical Analysis 10 July 2019

Bitcoin Bitcoin (BTC/USD) extended recent gains early in today’s Asian session with the pair trading as high as the 12,680.00 level following some buying activity that was reignited during yesterday’s European session around the 12,105.32 area. Demand intensified late in yesterday’s Asian session heading into yesterday’s European session and the pair traded as high as the 12,829.96 area, just below a retracement area that represents the 76.4% retracement of the recent move from 13,868.44 to 9,651.00. The next relevant level related to that range below current market activity is the 12,257.38 area. Early in today’s Asian session, the pair was...

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