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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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How a solar flare could have a bigger impact on bitcoin than COVID-19

In a new report, Deutsche bank has said that a solar flare could have a bigger impact on the crypto space compared to the COVID-19 pandemic.  At the start of 2020, it looks like the crypto industry was going to somewhat boom. Following the pandemic of COVID-19, everything stopped this from happening.  In a new report, Deutsche bank has said that a solar flare could have a bigger impact on the crypto space compared to the COVID-19 pandemic.  At the start of 2020, it looks like the crypto industry was going to somewhat boom. Following the pandemic of COVID-19, everything...

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What PayPal's Entry into Crypto Means for Users

Last month, sources close to the popular online payment processor PayPal revealed that the money transfer behemoth has set its sights on the cryptocurrency industry.  According to a recent report by Coindesk, PayPal will soon allow its estimated 325 million users to buy and sell a variety of cryptocurrencies directly on the platform, and will source liquidity from a variety of exchange platforms to help keep slippage to a minimum.   If this plan comes to fruition, PayPal will become the largest traditional finance company to expand directly into the cryptocurrency space, marking a significant step towards bridging the gap between...

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