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Is bitcoin at $50,000 possible? If institutional investors jump in, who knows where the limit is… 

The world of crypto, and specifically bitcoin, have been going through somewhat of a slump these past few months.  The price of the leading cryptocurrency has been fluctuating but many enthusiasts and traders have got their hopes set on institutional adoption. The world of crypto, and specifically bitcoin, have been going through somewhat of a slump these past few months. The price of the leading cryptocurrency has been fluctuating between the $10,000 market and $9000 range but many enthusiasts and traders have got their hopes set on institutional adoption. Institutional adoption is almost vital for the price of bitcoin to...

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BTC/USD Fade Opens Up 9161 and 9106 to Bears: Sally Ho's Technical Analysis 25 June 2020 BTC

Bitcoin (BTC/USD) failed to sustain recent gains early in today’s Asian session as the pair was trading back below the 9500 level after peaking around the 9694.81 level early in yesterday’s Asian session.  Traders lacked the strength to test the 9842.40 area, representing the 61.8% depreciation of the recent depreciating range from 10428.00 to 8895.01.  Stops were in turn elected below the 9661.51, 9480.61, and 9256.80 levels, representing the 50%, 38.2%, and 23.6% retracements of the depreciating range.  BTC/USD reached the 9195.00 area during yesterday’s North American session, below the 9237.66 area that represents the 61.8% retracement of the recent...

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Bitcoin Bulls Have Lost The Momentum

Bitcoin has seen a major decline from our previous target of $9.7k. We expected BTC/USD to top around that level and it did. We can see on the 1H chart for BTC/USD that it already started a decline from there and is now at the bottom of the larger symmetrical triangle. This next move is very important because if we see a break below this triangle, all hell is going to break loose and very soon. For the past two days, Bitcoin traders and investors have been excited about “Paypal integrating Bitcoin”, “Wall Street switching to Bitcoin” and other false...

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If bitcoin does return to its highs, it won’t be the same as 2017

In 2017, bullish activity spread throughout the industry and saw cryptocurrencies of all kinds spike in price. Biggest of which was the leading cryptocurrency, bitcoin.  In 2017, bullish activity spread throughout the industry and saw cryptocurrencies of all kinds spike in price. Biggest of which was the leading cryptocurrency, bitcoin. In this time, around six months, bitcoin rose from $1000 to $20,000 and even though the effect that it had is long gone, people are wondering whether something like this could ever happen again in the future. One enthusiast of cryptocurrency has given his opinion on the matter saying that...

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BTC/USD Looking for 9530 Support and at 9842 Limits: Sally Ho's Technical Analysis 24 June 2020 BTC

Bitcoin (BTC/USD) moderated early in today’s Asian session as traders contemplated the pair’s recent appreciation that saw it escalate higher to the 9792.00 area, its strongest print since earlier this month.  Stops were elected above the 9661.51 area during the ascent, representing the 50% retracement of the recent depreciation from 10428.00 to 8895.01.  The next upside retracement levels in this range include the 9842.40 and 10066.21 levels, and traders will be curious to see if these levels will be challenged.  Traders are working to determine if market sentiment is likely to improve or weaken from current levels. Traders finally managed...

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