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How Far Can Bitcoin Go In 2019

Over the course of last year, the crypto space went under some massive changes. In fact, the past two years have massively transformed the industry to what it is today in comparison to what they were like five or six years ago. As Crypto Insider put it, 2018 saw cryptocurrencies go through the “awkward teenage years of the burgeoning space.” At first, Bitcoin made a few stumbles and made some slight recoveries over the months but by the middle of November, the leading cryptocurrency made a very significant crash which brought down everything else along with it. Is this year,...

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Bitcoin (BTC) Finally Breaks Silence, Previous Resistance Turns Into Support

Bitcoin (BTC) has been trading in a bullish pennant since the last week of 2018 but the price was going nowhere. There also remained the possibility that the price may break to the downside instead of breaking to the upside. However, we now have clear direction as BTC/USD broke above the pennant and climbed slightly above $4,200 before falling back to the top of the pennant. Interestingly enough, the previous trend line resistance has now become a trend line support. Bitcoin (BTC) could trade along this trend line support for a while but we now have a clear direction for...

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What’s Happening With Bitcoin Today?

Over the past three months or so Bitcoin has crashed even further from its all-time high of $20,000 in December 2017 and even went below the $3,500 at one point during November 2018. Now, the leading cryptocurrency seems to be holding steady with its price and it seems that most of the other digital currencies are also performing well too as the majority of them are in the green at the time of writing. Today, we’re going to take a look at the performances of some of the top ten cryptocurrencies currently in the space. Bitcoin If we take a...

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How Long Is Bitcoin (BTC) Going To Trade Sideways?

Bitcoin (BTC) does not have a long trading history unlike the S&P 500 or the Dow Jones Industrial Average. However, it is quite interesting that the ten years of data we have for BTC/USD sometimes offers more clues than the decades of data for other markets. Perhaps this is because markets today are moving at a significantly faster pace and things that used to happen in years and months are now happening in weeks and days. If we look at the ten years of trading data that we have for Bitcoin (BTC), we can see that we have only had one...

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Why Bitcoin (BTC) Is Not Likely To Fall Below $3,000

Bitcoin (BTC) has been through an extensive bear market that lasted a whole year. Most investors in this space are not used to such prolonged periods of downtrend, not after the late 2017 rallies when cryptocurrencies would rise by 10% or higher every passing day. These days there is a rally followed by a balancing act that sees the price close to where it was before the rally started. So practically, there is no decisive movement, neither to the upside nor to the downside. The last few months have been brutal for BTC/USD. Soon as the price broke below the...

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