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Is The Bitcoin Bear Market Over Already?

Bitcoin (BTC) has shot up to make more than a 10% move in just a few hours. This is a big move but those that have been looking at the bigger picture would know that this is nothing significant. In fact, the price was expected to do this after it broke below the trend line support at the beginning of this month. Now, the trend line support has turned into trend line resistance and the price has just tested it. Until and unless BTC/USD breaks above this trend line, this is nothing significant because there are a lot of other...

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Pomp: “Bitcoin Is Likely To Hit $100,000 By 2021”

The co-founder and partner at Morgan Creek Digital, Anthony Pompliano (the Pomp) has recently given his next price target for Bitcoin.  This one is VERY bullish. Pomp has this time predicted that Bitcoin hits $100k by the end of 2021. He has been right in his predictions before though so don’t laugh it off just yet. On August 24, 2018 I called for Bitcoin to drop 50% to $3k before rallying back over $10k.That call was deadly accurate and allowed Morgan Creek Digital to buy the dip.Here is my next price target.https://t.co/KzhRO7u2Vi — Pomp 🌪 (@APompliano) June 24, 2019 In...

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Bitcoin: Will BTC Reach $20k Before Summer Ends

When Bitcoin was finally able to reach the $10,000 mark, investors were glowing with joy. Not only was this a certified sign that the crypto winter had ended but... Bitcoin had hit $10k! What more do we need to say!? With the leading cryptocurrency rising above and beyond diving further into five-figure territory, it is very possible that something even greater could happen just around the corner. Tom Lee - CEO of Fundstrat - predicted that when Bitcoin hit the $10k mark, FOMO would kick in for investors and spur on a major rally in a similar sense to that...

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Bitcoin (BTC) Longs Are Exactly Where Market Makers Want Them To Be

Bitcoin (BTC) Longs began their downtrend around the beginning of the year but since the recent rallies, the bulls have become more confident and we have seen BTCUSDLongs surge again. If we look at the daily chart for BTCUSDLongs, we can see that it has broken the downtrend and is currently up more than 9% for the day. This tells us that bullish euphoria is around extreme levels. Certainly, this could push the price higher towards $12,000 or even higher but there is no denying that this is going to end really, really bad. The people who are trying to...

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Will Libra Really Have That Much Of An Impact On Bitcoin?

The development lead for NEO and former general manager at Microsoft, John deVadoss has shared his inside knowledge on analysing and testing Facebook’s Libra. As written by CryptoSlate,  “Facebook is trying to build a global bank and is attempting to create a world currency. And it’s certainly doable, with usage across billions of individuals and the support of a large number of institutions. It’s an attempt to remake the global banking infrastructure.” deVadoss goes onto say:  “Libra is an attempt to build a global (central) bank that piggy-backs on existing central banks’ monetary policy, with the goal of taking over...

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