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Bitcoin (BTC)’s Future Outlook Hinges On Price Action In Next Few Days

Bitcoin (BTC) has printed most of the patterns of the 2014-15 trading cycle so far. The more we see this cycle proceed towards completion, the easier it becomes to spot similarities between now and then. However, the price does not often follow the exact same price action. In other words, history may not necessarily repeat itself but it does rhyme. That is exactly what we have seen happen in the past several months of Bitcoin (BTC)’s bear trend. Certain movements are hard to time but others like a break of market structure or resistance at a historical trend line resistance...

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Bear Market Hasn’t Fazed Fidelity’s Plans

The Bitcoin and crypto bear market hasn’t really had an impact on Fidelity, their excitement on the space is as big as it has been according to the firm’s head of digital assets, Tom Jessop who spoke to CNBC recently saying, “In terms of our pipeline, prices really haven’t had an impact. If anything, they are as encouraged now as they were when prices were higher.” Fidelity’s crypto custody and trading platform is live and has been selectively adding new clients such as hedge funds and family offers for months. According to the head, clients are looking to hold crypto...

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Sally Ho's Technical Analysis 28th March 2019

Bitcoin Bitcoin (BTC/USD) extended recent gains during today’s Asian session as the pair got as high as the 4035.80 level, after absorbing technical Resistance around the 4009.52 area, representing the 76.4% retracement of the 4056.33 – 3858.00 range. Price activity is now trading above 50-bar MA, 100-bar MA, and 200-bar MA on both Hourly and 4-Hourly charts. As noted in our 27 March 2019 analysis, traders tested the 3984.88 level without much resistance and are working to establish a base above the key technical level, representing the 61.8% retracement of the move from 4188.79 – 3655.00. Technical Support is expected...

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Bitcoin Still Accounts For 90% Of ShapeShift CEO Erik Voorhees’s Crypto Holdings

Although he was one of the earliest advocates of Bitcoin, ShapeShift CEO Erik Voorhees has slowly become a somewhat controversial individual among Bitcoin advocates. Over the past couple of years, the longtime Bitcoin entrepreneur has faced backlash from hardcore Bitcoin maximalists for his support of altcoins via the ShapeShift exchange and his advocacy for the failed attempt to hard fork Bitcoin via the controversial SegWit2x plan. In a recent interview on What Bitcoin Did, Voorhees was asked about his current views on Bitcoin by host Peter McCormack. In his response, Voorhees noted that bitcoin still accounts for around 90 percent...

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Ripple (XRP) Shorts Decline Almost 20% But Price Lags Behind Bitcoin (BTC)

Ripple (XRP) has seen a major decline in the number of margined shorts but the price is still lagging behind Bitcoin (BTC). The daily chart for XRPUSDShorts shows that the number of margined shorts has declined almost 20% for the day to test the previous support. XRPUSDShorts has tested and held the previous support so far but the Stochastic RSI is still overbought and points to the likelihood of further decline in the near future. This decline in XRPUSDShorts is very significant as it ended up falling below the 21 day exponential moving average. Ripple (XRP) bulls do not seem...

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