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Bitcoin (BTC)’s Next Decline Likely To Begin Before Month’s End

Bitcoin (BTC) is attempting to break the biggest resistance zone that stands between it and its next bull run. The irony is that majority of the traders that expected this level to hold as support and to never break are now expecting it to be broken in one go as the price is ready to test it as resistance. This speaks volumes about the stage we are currently at. It shows that the market has yet to inflict maximum pain and that we are definitely due for further downside before any trend reversal occurs. Let’s face it, if BTC/USD were...

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“BCH will outperform BTC in the coming years” - Roger Ver

Bitcoin Jesus - or Roger Ver - has recently spoken in an interview with Coinspeaker where he spoke about Bitcoin Cash and the potential it has to outperform the leading cryptocurrency because it will allow the globe to use money in a sense that it won’t be able to be censored, stopped or regulated. Ver is well-known to be an outspoken advocate for personal freedoms and Bitcoin Cash and has spent the last (almost) decade investing in crypto related projects for building a future in which people will enjoy a kind of economic freedom that wasn’t possible before the advent...

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Bitcoin Touches $6k as Ethereum is the Biggest Gainer with 10% Increase

Less than a week after recording new highs for the year, Bitcoin has made some huge steps towards the $6,000 key resistance level. At the time of writing, Bitcoin is worth $5,924 following a 4.14 percent increase over the past 24 hours. It seems that the rest of the market has benefitted from Bitcoin’s increase too as altcoins have been pushed up towards a total market cap of $190 billion. BTC current has a 55.8 percent dominance over the market as it seems to be showing off as enthusiasts are just trying to ignore the still ongoing scandal with Tether...

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Sally Ho's Technical Analysis 7 May 2019

Bitcoin Bitcoin (BTC/USD) found some buying pressure early in today’s Asian session as the pair moved back to the 5750.00 level after declining to the 5651.00 area during yesterday’s North American session. Earlier in the North American session, the pair got as high as the 5753.66 level before spinning lower, a level that is right around the 23.6% retracement of the 5520.00 – 5831.39 range. Notably, BTC/USD was supported above the 5650.01 area during the brief pullback, previously a relative high dating to 23 April 2019. A move back above recent highs will spotlight the 5808.45 area, representing the 50%...

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Bitcoin (BTC) Shows Extreme Weakness As Price Declines Below $5,800

Bitcoin (BTC) has retraced strongly below the $5,800 level and is currently trading just above $5,600. This move comes after BTC/USD took a swing to the downside when it ran into a confluence of resistances. The price faced a strong rejection at a trend line resistance and the $5,800 resistance level and it decline aggressively. RSI on the daily chart shows the bearish divergence. Stochastic indicator also points to the likelihood of a major move to the downside. It is pertinent to note that BTC/USD is trading within a large rising wedge that could break to the downside anytime now....

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