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BTC/USD Ends July on a Strong Note: Sally Ho's Technical Analysis 1 August 2020 BTC

Bitcoin (BTC/USD) continued to orbit the 11000 level early in today’s Asian session as traders wait to see if the pair is able to move above its recent high of 11420.00 in August, its strongest print since August 2019.  Late this week, bids emerged around the 10811.00 on a pullback lower, just above the 10805.22 area that represents the 23.6% retracement of the recent appreciating range from 8815.01 to 11420.00.  During the move to a fresh 2020 peak, Stops were elected above the 11026.97, 11115.62, 11340.92, 11399.17, and 11407.81 areas.  Upside price objectives include the 11510.44 and 11604.29 areas.  Recently, traders have lifted...

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Bitcoin (BTC) Rally Likely But FOMO Reaches ATH

Bitcoin is currently at a point where it is ready to shoot towards $12k but at the same time FOMO has also reached alarmingly high levels. Every time in the past when we have seen the Fear and Greed Index rise past 67, we have seen a major decline in the market soon afterwards. This time is expected to be no different. BTC/USD is likely to rally a little higher so that it can fill the CME Futures gap and let the bull feel victorious for the time being. The situation on ground is pretty complicated and it is not...

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Joe Rogan tells podcast Listeners to ‘buy bitcoin’

One of the biggest podcasts in the world is the Joe Rogan podcast and in the first few minutes of a recent episode, the man himself in an advertisement for his sponsor cash app told his listeners to invest in bitcoin.  Earlier this week, Joe discussed his sponsor and started to state the viable technical points about bitcoin such as stacking sats. One of the biggest podcasts in the world is the Joe Rogan podcast and in the first few minutes of a recent episode, the man himself in an advertisement for his sponsor cash app told his listeners to...

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In June, more money was printed by the US than the first two centuries of its existence: is this BTCs time to shine?

When the pandemic took over the world, the United States responded by printing more money in an attempt to control the backlash. In a letter, Dan Morehead of Pantera Capital said that the United States has printed a shocking amount of money during this time. When the pandemic of the coronavirus took full force over the world, the United States responded by printing more money in an attempt to control the economic backlash that the virus would have. In a letter to investors released early this week on the 29th of July, Dan Morehead, the CEO of Pantera Capital said...

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Two 60-year-old terrorist suspects who threatened for a BTC ransom arrested by authorities in Ukraine 

Local authorities have detained two suspects who demanded that 50 bitcoin be sent to their addresses or they will blow up locations all across Kyiv. In this case, the suspects used a QR code to do their bidding: Local authorities in Ukraine have detained two 60-year-old suspects who had earlier demanded that 50 bitcoin be sent to their wallet addresses or they will blow up strategic locations all across the capital city of Ukraine, Kyiv. In this case, the suspects used a QR code to do their bidding: “In particular, the attackers demanded to transfer 50 bitcoins with an estimated...

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