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Don’t Get Your Hopes Up About Bitcoin Just Yet

Over the past few weeks the markets have started to look very positive. Bitcoin itself is starting to perform in a positive way, miles better than the dismal performance Bitcoin did show us through 2018 and the start of 2019. Forbes have recently published an article that warns investors not to get their hopes up just yet. Yes, things are looking good and some of the indicators are there, but Bitcoin probably hasn’t matured to a level that could inspire another bull run, just yet at least. Remember, cryptocurrency is risky. When Bitcoin looks positive there are profits to be...

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S&P 500 Index (SPX) Reveals Bitcoin (BTC)’s Game Plan

The S&P 500 Index (SPX) has now fallen below the 50 day moving average and seems to have formally started a new downtrend. In the past few months, we have seen BTC/USD closely follow in the footsteps of the S&P 500. This is because no matter what some overly enthusiastic Bitcoin (BTC) bulls might have you believe, it continues to be a highly speculative asset and if the stock market is going down, BTC/USD is going down with it, unlike Gold. The daily chart for the S&P 500 Index (SPX) shows that in the past few weeks, the index has...

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Crypto Comeback: Bitcoin Goes Parabolic, Margin On Binance, HitBTC Insolvency, And More

The crypto market is once again heating up following Bitcoin putting in a “bottom” and signaling an end of the bear market. Since then, the price of most top cryptocurrencies have rallied alongside Bitcoin, and bullish sentiment is once again running wild across the industry. The resurgence of interest in the market also means that news is once again breaking around the clock – both positive and negative. With so many developments occurring as such a rapid pace, it can be difficult to keep up. Here’s what’s been going on across the cryptoshere over the last week that’s got the...

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Becoming The Bitcoin Hub Of The World

There’s an international race on to become the Bitcoin hub of the world, but only one nation can make it to the top. Bitcoin and cryptocurrency is an interesting commodity because unlike anything else in the world, cryptocurrency is truly international. Thanks to decentralisation, no countries own it and no countries control it, rather, cryptocurrency is widespread and self governing, meaning the top spot for Bitcoin adoption and exclusivity is up for grabs by anyone, any nation and any people. Generally speaking, Asia (namely Japan) and the United States are seen as the true leaders when it comes to cryptocurrency...

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Sally Ho's Technical Analysis 29 May 2019

Bitcoin Bitcoin (BTC/USD) made some moves higher early in today’s Asian session and traded as high as the 8737.00 area after Bids emerged around the 8662.25 area. During yesterday’s North American session, BTC/USD moved sharply lower in short order as Stops were elected below the 8598.42 area, representing the 23.6% retracement of the move from 7467.10 to 8947.88. Momentum accounts got involved in the quick move downward when they saw relative highs of 8710 and 8695 give way during brief retracements higher and many shorts were covered around the 8546 area, a short-term intraday price objective that has held. Above...

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