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Chamath Palihapitiya discusses BTC price saying if it was to significantly increase, the result would be ‘Cataclysmic’ 

Chamath Palihapitiya has said that bitcoin is a kind of disaster insurance against governments that makes bad financial decisions.  Speaking in an interview earlier this week, the CEO/chairman said that hard-working people need something similar to bitcoin as insurance.  The chief executive officer of Social Capital and the chairman of Virgin Galactic, Chamath Palihapitiya has said that bitcoin is a kind of disaster insurance against governments that makes bad financial decisions. Speaking in an interview earlier this week with unchained podcast on the 23rd of June, the CEO/chairman said that hard-working people need something similar to bitcoin as insurance. This...

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Tone Vays analyst believes BTC could be stagnated between $6000 and $10,000 for the rest of 2020

Earlier this week, bitcoin experienced a spike in its price as it’s almost hit $10,000.  Even though the price is currently stagnating just above $9150, this unexpected move upwards was a shock amongst many members of the community. Earlier this week, bitcoin experienced a spike in its price as it’s almost hit $10,000. Even though the price is currently stagnating just above $9150, this unexpected move upwards was a shock amongst many members of the community. This growing correlation to the equities could be an omen of what is to come for bitcoin in the near term. One analyst has...

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BTC/USD to Breach 9000 Again Soon? Sally Ho's Technical Analysis 26 June 2020 BTC

Bitcoin (BTC/USD) continued to experience volatility early in today’s Asian session as the pair remained pressured below the 9500 level after trading as low as the 8979.07 area during yesterday’s Asian session, its weakest print since 15 June.  Stops were elected below the 9106.70 and 9086.97 areas during the sharp depreciation, representing the 76.4% and 78.6% retracements of the recent appreciation from 8895.01 to 9792.00.  Larger Stops were triggered below the 9056.57 and 9017.07 areas, representing the 76.4% and 78.6% retracements of the broader appreciation from 8632.93 to 10428.00.  Below current market activity, Stops were recently elected below the 8993.44...

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Bitcoin Bears Are Waiting To Strike

Bitcoin is currently waiting to make the next big move as the price has bounced off a key S/R level and is now expected to remain within the symmetrical triangle for a while before the next decisive move. For now, the most probable scenario is that BTC/USD will make its next big move in tandem with the rest of the major financial markets i.e. the stock market and the forex market. On the stock market front, we have seen the S&P 500 (SPX) make some moves and it has recently declined below the rising wedge but this is not enough....

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Keep blockchain but leave bitcoin indicates Economist Steve Hanke 

When it comes to critics of the leading cryptocurrency, there is surely no shortage.  Many people over the years have been quick to judge and criticise the leading asset but there seems to be a theme amongst these naysayers. When it comes to critics of the leading cryptocurrency, there is surely no shortage. Many people over the years have been quick to judge and criticise the leading asset but there seems to be a theme amongst these naysayers. Many of them are highly respected economists and other financial professionals in the traditional finance space and to that end, Steve Hanke...

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