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Can BTC/USD Establish a Base Above 10657.56? Sally Ho's Technical Analysis 8 October 2020 BTC

Bitcoin (BTC/USD) staged a recovery early in today’s Asian session as the pair again approached the 10700 level after trading as low as the 10524.00 area during yesterday’s Asian session.  Traders took the pair as high as the 10683.75 level during yesterday’s North American session, a test of the 10685.51 level that represents the 38.2% retracement of the recent depreciating range from 12086.00 to 9819.83.  Traders are paying close attention to some upside retracement levels including the 10697.05, 10714.92, 10797.88, and 10810.38 areas.  Other additional technically significant areas include the 10657.56, 10700.03, 10933.36, and 10956.34 levels.   Market sentiment appears to continue to...

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Crypto Price Analysis for Oct. 7: BTC, ETH, XRP, LTC, EOS

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex Cryptocurrencies are correcting again and many assets are forming Triangle patterns, which indicate some uncertainty in further movements. To start growing, each asset must break the pattern’s upside border. However, if the bearish pressure is way too strong and the pattern is broken to the downside, the cryptocurrencies may continue their respective descending corrections. BTC/USD may fall towards $8,000 and complete a bullish pattern, which may be followed by further growth to reach new highs. Bitcoin In the daily chart, Bitcoin continues the correction between $11,200 and $10,00. In general, bulls manage to...

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75,000 BTC withdrawn from the BitMEX exchange following charges from the CFTC

Quick take 1 minute read Unless you’ve been living under a rock for the past week, the CFTC in the United States brought the charges against the BitMEX crypto platform due to violating its securities laws including anti-money laundering protection.  Since the charges were slapped against the exchange, 75,000 bitcoins have been withdrawn from the exchange and it’s no surprise that that number is continuously going up. Unless you’ve been living under a rock for the past week, the CFTC in the United States brought the charges against the BitMEX crypto platform due to violating its securities laws including anti-money...

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Invictus Capital Launches New Fund For Long-Term BTC Holders

A leading blockchain asset management platform, Invictus Capital, has recently announced its new fund, the Invictus Bitcoin Alpha Fund (IBA). The fund's primary objective is to outperform Bitcoin in the long term, making it an attractive investment opportunity for HODLers. Running in alignment with the changing financial landscape, Invictus Capital is offering a different approach to Bitcoin investment and traditional asset management. Pioneers in blockchain asset management With the move to decentralisation being at the top of the global financial revolution, traditional asset management is becoming outdated. And as new and existing technology evolves across the global financial industry, companies...

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What the rest of the year could hold for bitcoin

Quick take 2 minute read At the start of 2020, the leading cryptocurrency started off just above the $7000 key resistance level and over the course of the year, rounds of volatility have attacked bitcoin either in a positive way or a negative way.  Currently priced at the $10,500 mark at the time of writing, it’s quite difficult to estimate where bitcoin will be by the end of the year. At the start of 2020, the leading cryptocurrency started off just above the $7000 key resistance level and over the course of the year, rounds of volatility have attacked bitcoin...

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