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What If Bitcoin (BTC) Is About To Top Out?

Bitcoin (BTC) has started to show weakness just when everyone expected it to rally higher. A quick glance at the top twenty cryptocurrencies shows us that there is blood on the streets. Now, one could argue that this is just the market cooling off before the next run up but let us not forget that the price has been at major risk of a sharp decline for weeks. The Fear and Greed Index is down only one point from yesterday but sentiment does not take time to change in this market. Taking a look at Crypto Daily Indices, we can...

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Sally Ho's Technical Analysis 19 June 2019

Bitcoin Bitcoin (BTC/USD) encountered some buying pressure early in today’s Asian session as the pair moved back to the 9140.00 area after steadily drifting lower from the 9475.00 area in yesterday’s trading activity. Profit-taking was generally orderly in yesterday’s European and North American sessions and this selling pressure pair took price activity as low as the 8919.72 area. During today’s early rebound, the pair traded just above the 9131.84 area, representing the 38.2% retracement of the move lower from 9475.00 to 8919.72. BTC/USD’s orderly decline saw the pair weaken to just below the 8930.17 area during yesterday’s North American session,...

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Peter Schiff: "Libra Is Bad News For Bitcoin”

Everyone is allowed to have their own opinion - I mean, it’s a free country, right! A lot of people will talk about their opinions online to share with others and hope that someone agrees with you (its the 21st century and Twitter is free, what did you expect!?). Spreading your own opinion, you should always be prepared for others to beat you to the mark and comment on your own opinion. A good example is what recently happened between the Bitcoin community and the CEO of Euro Pacific Capital, Peter Schiff. Schiff started on Twitter talking about how Facebook’s...

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Ethereum (ETH) All Set To Begin Another Uptrend Against Bitcoin (BTC)

Ethereum (ETH) is likely to begin another uptrend against Bitcoin (BTC) short term as the price has just hit the bottom of a descending channel that also forms part of a bull flag. This formation has a real shot at breaking a long term downtrend against Bitcoin (BTC) short term to kick-off a mini altcoin season. While we do not expect it to last for long, we do see the price to be in a position where it has become easier to push for such a breakout. Even if the price fails to break the downtrend resistance, the upcoming move...

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Cryptocurrency: Will BTC See Further Momentum?

Over the past week or so, cryptocurrency has boomed. For some, this came as a shock surge but for others, it was a well overdue growth that was market needed/needs. The valuation of the crypto market has increased from $252 billion to $288 billion by more than $36 billion as the price of Bitcoin climbed towards the $9,400 on some of the biggest exchanges out there such as Coinbase and Bitstamp. According to traders, Bitcoin has been “extremely bullish” over the past few weeks and based on technical indicators, it is set to see resistance at around nine and a...

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