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Will 2020’s third-quarter be different for BTC?

During the second quarter of 2020, the leading cryptocurrency has been performing relatively well.  During this time, bitcoin gained 50% even though it was unable to consistently stay above the $10,000 key resistance level.  During the second quarter of 2020, the leading cryptocurrency has been performing relatively well. During this time, bitcoin gained 50% even though it was unable to consistently stay above the $10,000 key resistance level.  As we go into the third quarter of this year, many experts throughout the industry are making predictions on a potential correction and the possibility of less impressive performances from the leading...

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BTC/USD Ends June Down More Than 4%: Sally Ho's Technical Analysis 1 July 2020 BTC

Bitcoin (BTC/USD) attempted to resume some recent upward pressure above the 9000 figure early in today’s Asian session as traders awaited additional clues regarding market sentiment.  During yesterday’s Asian session, the pair escalated higher and tested the 9236.75 area, powered by bids that emerged around the 9014.00 level, right around the 78.6% retracement of the recent appreciation from 8632.93 to 10428.00.  Traders are paying attention to the recent depreciating range from 10428.00 to 8815.01, with the 9195.68 area representing the 23.6% retracement of this range and an important area that BTC/USD bulls will need to build upon if they are...

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Bitcoin Mining: How Energy Prices are Impacting Mining

Both 2018 and 2019 have been well known in the space and for a lot of reasons. The whole mining industry nearly stopped in 2018 because of multiple different factors. Both 2018 and 2019 have been well known in the space, and for a lot of reasons. The incredible crypto highs and depressing crypto lows are just a few of the reasons.  One thing that has remained consistent through the years though, is the fall in the profitability of Bitcoin mining. The whole mining industry nearly stopped in 2018 because of multiple different factors.  So with this all in mind,...

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The Environmental Factor of Bitcoin Mining

Given that Bitcoin is not tied to a bank or government, it has been able to and has been able to increase massively in value. Bitcoin has a hard cap of 21 million, so after that’s all been mined, that’s it. Following bitcoins rise two years ago in 2017 to highs of $20k, the question was asked on whether the leading cryptocurrency was having an impact on the environment.  Although it has dipped, flown and been seen all over the place since then, it has only grown since its creation in 2009. It is the first and most popular cryptocurrency...

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Bitcoin Bulls Have Lost The Momentum

Bitcoin has been struggling to break towards the trend line resistance to test it again before the subsequent decline. However, it does not have enough bullish momentum for me to decide to be bullish on the market even near-term. The conditions are ripe for a major downtrend from this point forward but we just need to sit this out and wait for BTC/USD to face rejection at the top of the symmetrical triangle. We have the same situation with the stock market. The NASDAQ 100 (US100) has run into a key trend line resistance and faced a rejection. The last...

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