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Sally Ho's Technical Analysis 13 September 2019

Bitcoin Bitcoin (BTC/USD) moved higher early in today’s Asian session as the pair escalated to the 10359.92 area following upward buying pressure that intensified during yesterday’s European session when Bids emerged just below the 10046.06 area, right around the 23.6% retracement of the move from 13202.63 to 9071.  This upward pressure followed earlier upward pressure that emerged during yesterday’s Asian session just below the 9938.16 area, representing the 61.8% retracement of the 7508.88 – 13868.44 range. Traders are observing some probable Stops above the 10378.96 area that could be elected in the near-term, just above the 76.4% retracement of the...

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Could BTC Hit $30k in the Next Decade? This Analyst Seems to Think so 

The well-known Bitcoin analyst, PlanB has published mining difficulty data showing that the price of bitcoin could hit more than $30k by 2021.  The difficulty of mining crypto has been a big indicator throughout history for network resources and refers to the complex nature of the maths gone into validating bitcoin transactions and mining new bitcoins. As reported by Cryptoglobe, the analysis by PlanB suggests that: “BTC undergoes regular difficulty cycles that correspond with changes in valuation. The price increase for bitcoin following a low in the difficulty cycle has decreased over time, rising 50,000% in late 2013 compared to...

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Will Bakkt’s Launch imminently Impact Bitcoin?

Here we are, the one-week countdown before the Bakkt platform launches and hopefully, something interesting will start happening to the market.  All eyes on are the launch of the platform, especially Bakkt’s physically settled Bitcoin futures product, as it is widely believed that it could provide a much-needed boost for the aggregated crypto markets. This all being said, it’s important to highlight that some investors could be slightly disappointed in the immediate results of the platform’s launch as well others which have released over the past year or so which have been met with nothing as what was expected. But...

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Does A Rally In Gold Mean A Rally In Bitcoin (BTC)?

Bitcoin (BTC) has long followed in the footsteps of Gold and this is why the recent rally in Gold has investors wondering if this means a rally in going to follow in BTC/USD as well. This narrative is further strengthened by the fact that Bakkt is expected to be launched on September 23, 2019. I am of the opinion that it will be rescheduled again but there are many that would disagree with me. Well, we would have to wait till then to see how it plays out but for now, Gold (XAU/USD) has established a strong support and has...

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BTC Analyst Appears on Brand New CNN Segment in Week-Long Series

Mainstream media might not be liked by a lot of people but as they start covering more topics in regards to cryptocurrency, it’s definitely an interesting area to keep an eye on. CNN is one of the biggest news outlets in the US and according to one of the station's anchors Julia Chatterley, the outlets first move into cryptocurrency is now hosting a week-long series on the space which that has been dubbed as “Crypto Crazy”. Chatterley brought on a big-time analyst on Monday segment as Luke Martin came to talk about bitcoin. Day 1 of #CryptoCrazy week on @firstmove...

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