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BTC/USD Seeking Upward Momentum Above 11000: Sally Ho's Technical Analysis 4 August 2020 BTC

Bitcoin (BTC/USD) continued to eye advances above the 11000 figure early in today’s Asian session as traders are seeking to build upon the upward price pressure that emerged around the 10911.74 area during yesterday’s Asian session, just above the 38.2% retracement of the recent appreciating range from 8905.84 to 12134.29.  After the recent appreciation to the 12134.29 area, profit-taking pushed the pair lower to the 10546.15 area, just above the 50% retracement of the same appreciating range.   Additional upside price objectives include the 12227.83, 12268.47, 12311.39, 12859.49, and 13107.05 levels, targets related to areas of buying pressure that emerged earlier this year around...

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Bitcoin (BTC) Bulls Still Remain In Control For Now

Bitcoin bulls remain in control despite the recent crash. This can be more aptly called a healthy retracement which has now paved the way for further upside. It is important to realize that the market is still ready for further upside near to mid term because the gap has not been filled. Moreover, the S&P 500 (SPX) shares the same outlook after a very bullish close on Friday. It is still too risky to enter a long position here on both the S&P 500 (SPX) as well as Bitcoin (BTC). However, after some consolidation both of these markets as well...

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Bitcoin beats Coca-Cola: BTCs market cap now higher than everyone’s favourite pop drink

Over the past few weeks, the leading Cryptocurrency has seen some very bullish behaviour.  During this bullish activity, the market capitalisation for bitcoin has surpassed that of Coca-Cola and Intel.  Over the past few weeks, the leading Cryptocurrency has seen some very bullish behaviour. During this bullish activity, the market capitalisation for bitcoin has surpassed that of Coca-Cola and Intel. These are some of the biggest companies in the world with  coca-Cola being a household name for decades now.  At the end of last month, there was a serious round of bullish activity on the market for bitcoin which saw...

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How bitcoin has adopted to the situation of COVID-19

With the pandemic of coronavirus continuing to attack many of the world economies as well as our health, Many people’s lives have changed for the foreseeable future.  Many people are working at home and others are yet to return to work and to some sort of normality in their daily lives.  With the pandemic of coronavirus continuing to attack many of the world economies as well as our health, Many people’s lives have changed for the foreseeable future. Many people are working at home and others are yet to return to work and to some sort of normality in their...

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How to Create an App for Bitcoin Investors: Benefits, Steps, and Features Revealed

Despite high volatility, cryptocurrency remains one of the most popular investment options. Bitcoin is one of the most popular cryptocurrencies, so entrepreneurs come up with digital solutions that help to make investments in various business fields. In this post, we’ll figure out how Bitcoin investment apps’ advantages and how they help investors to make profits.  Benefits of Bitcoin Investments Today, it’s hard to find a person that hasn't heard of cryptocurrencies and Bitcoin in particular. But only a few of them really understand why Bitcoin investments are viable and more reasonable than any other cryptocurrency. We have a real-time cryptocurrency...

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