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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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Bitcoin (BTC) Could Rally Well Past $9,600 But Fears Of A Crash Loom Over

Bitcoin (BTC) rallied hard the past few weeks and is now consolidating before it can continue to rally. Soon as BTC/USD rallied close to the $9,500 mark, we saw the price face strong rejection and it declined from there twice. This tells us that there are a lot of sellers waiting at the mark and the price will have to keep on revisiting this level to eventually break past it. The price might soon have trend line support to attempt another retest this time. Considering the overall sentiment, it would be unreasonable to expect the price not to rise well...

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How Will Libra Coin Launch Impact Bitcoin Demand?

The upcoming launch of Facebook’s Libra coin is perceived as a major development in the cryptocurrency arena. Facebook (FB) users will soon be able to send Libra to one another through the social media network. The Libra coin will also be available for purchasing goods and services through Facebook and over the internet. Facebook has shortlisted over a dozen companies across multiple industries to fast-track the rollout of Libra coin. Each of these companies is set to invest $10 million in the development of Libra coin, including Uber Technologies, Inc., PayPal Holdings Inc, MasterCard, and Visa. Various reports suggest that...

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How High Could Bitcoin Go?

Bitcoin (BTC) has been on a roll for the past few months but investors and traders are curious to find out if this rally can go on for long. There are some similarities to the previous market cycles as well that we discuss in this video. We have also analyzed factors that could influence the price of Bitcoin (BTC) and possible warning signs that tell us that this rally might be over. Let us begin with a market overview. If we look at the market, we can see that Bitcoin (BTC) is up, Ethereum (ETH) is up and other large...

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Sally Ho's Technical Analysis 18 June 2019

Bitcoin Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair established a fresh 2019 high around the 9475.00 area, its strongest print since May 2018. Stops were elected above the 9388.00 area late in yesterday’s European session, the year’s previous high that was established during yesterday’s trading activity. During the pair’s move higher early in yesterday’s European session, Stops were elected above the 9251.72 area, representing the 76.4% retracement of the move from 9388.00 to 8810.53. BTC/USD continues to inch closer to a major upside level of technical Resistance around the 9532.39 area, representing the 38.2% retracement of...

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