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Gold is more likely to hit a new all-time high in 2020 compared to BTC says Peter Schiff

Once again, the bitcoin naysayer Peter Schiff has taken digs at the leading cryptocurrency, bitcoin.  It’s safe to say that bitcoin and gold have both been taking hot hits since the pandemic of COVID-19 took over the world and the economy has gone into a state of turmoil as a result.  Once again, the bitcoin naysayer Peter Schiff has taking digs at the leading cryptocurrency, bitcoin.  It’s safe to say that bitcoin and gold have both been taking hot hits since the pandemic of COVID-19 took over the world and the economy has gone into a state of turmoil as...

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Trading Anticipating BTC/USD Breakout - But Which Direction? Sally Ho's Technical Analysis 5 July 2020 BTC

Bitcoin (BTC/USD) slightly extended its downward pressure early in today’s North American session as the pair recently weakened to the 9039.84 area after running out of steam around the 9103.11 area during yesterday’s Asian session.  Traders have kept the pair confined to a relatively tight range after it weakened from the 9297.20 area last week.  Minor Stops were recently elected below the 9048.50 area, representing the 50% retracement of the recent appreciation from 8938.00 to 9159.00.  Traders continue to observe the 9045.58 area as an important technical level that represents the 23.6% retracement of the recent depreciation from 9792.00 to...

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BTC/USD Short-Term Dilemma at 9117.60: Sally Ho's Technical Analysis 4 July 2020 BTC

Bitcoin (BTC/USD) extended its recent defensive trading posture early in today’s Asian session as traders continued to wait to see if the pair would remain above the psychologically-important 9000 figure following its recent move lower to the 8938.00 area.  One short-term range that traders are observing is the recent decline from 9297.20 to 8938.00, with some recent technical resistance seen just above the 9117.60 area that represents its 50% retracement.  Above that level, traders will pay close attention to 9159.99 and 9212.43 levels as upside retracement areas.  Traders are observing the recent depreciating range from 10428.00 to 8815.01, with the...

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View the Bitcoin Blockchain First Hand in 3D

Brand new way of looking at Bitcoins in 3D Blockchain Simulation For Other Networks like Ethereum & Cardano The team at Symphony of Blockchains on IOHK has just posted an update on their project Symphony 2.0 which shows off a brand new way we look at Bitcoins blockchain, 3D. Announcing the news through a post on Cardano’s forum, at the start of last week, Symphony 2.0 is set to be an attempt to represent the Bitcoin blockchain in a manner that is both engaging, intriguing and entertaining while transforming abstract concepts into tangible sensory information. Aside from creating something very...

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Bitcoin Bulls Not Backing Down Yet

Bitcoin bulls have been fighting hard to save the price from crashing below $9k. This is a key psychological support for the bulls now and luckily for them, the market makers and whales are on their side for now. Since the end of April, we have seen a rise in unhedged shorts marking an increase in the level of complacency among retail bears. Many bears have become comfortable taking high risks now that BTC/USD has entered a downtrend and repeatedly failed to break above $10k.  That being said, it is very important to be cautious and not to get caught...

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