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BTC/USD Bears Test 8928.81: Sally Ho's Technical Analysis 3 July 2020 BTC

Bitcoin (BTC/USD) recovered early in today’s Asian session as traders the pair moved back to the 9063.00 area after trading as low as the 8938.00 area during yesterday’s North American session.  The 9237.66 area was tested a couple of times by traders and BTC/USD dropped precipitously from this area, one that represents the 61.8% retracement of the recent appreciation from 8895.01 to 9792.00.  Traders lifted the pair with bids before it tested the 8928.01 area, representing the 76.4% retracement of the recent appreciation from 8815.01 to 9297.20.  Traders are observing the recent depreciating range from 10428.00 to 8815.01, with the...

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The Bad Image Bitcoin Has In Pop Culture

Has Bitcoin being given a bad light? How can the world improve the image of Bitcoin A Christmas Prince was a Netflix special released last year and was the unlikely pop-culture hit which was based in the fictional country of Aldovia and followed the life about a journalist who travels the country. The Netflix special just got a sequel titled The Royal Wedding and has a strange plot in which economics and political corruption is a common thing in the made-up country. Most interestingly, one of the villains is something we all know and love. Cryptocurrency. The story goes on...

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What Satoshi Nakamoto Was Doing Before He Vanished

Find out what Satoshi was doing before he vanished Nakamoto was hoping Bitcoin would grow naturally With the arrest of Julian Assange in London earlier this year, some of us have been reminded that some crypto investors of an early statement made by Bitcoin creator Satoshi Nakamoto on the bitcointalk forums, where he commented on a PC World article that spoke about Bitcoin as a payments system for WikiLeaks. Back in 2010, Nakamoto said, “It would have been nice to get this attention in any other context. WikiLeaks has kicked the hornet’s nest, and the swarm is headed towards us.”...

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Bitcoin Bulls Are Fighting For Control

Bitcoin bulls are getting ready to push the price out of the ascending triangle towards $9.4k or higher levels. We have been expecting another retest of the trend line resistance and that seems to be in the making this time. The bulls are confident and are ready to put up a fight this time. The bears, who until recently have been very complacent, are beginning to worry now that the bullish momentum has returned. We have long warned against shorting Bitcoin without confirmation. Chasing tops or bottoms is never worth it and it leads to deep losses most of the...

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How PayPal’s involvement in bitcoin could benefit crypto

It is well known throughout the financial sector that PayPal has shown a keen interest in bitcoin.  Currently, PayPal is looking into hiring blockchain and crypto specialists meaning that its potential arrival could be sooner than we think. It is well known throughout the financial sector that PayPal has shown a keen interest in bitcoin. The global payments giant was rumoured to be considering listing crypto assets on his platform which is estimated to have around 325 million accounts active on a global scale. Currently, PayPal is looking into hiring blockchain and crypto specialists meaning that its potential arrival could...

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