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Why Bitcoin Will Plunge Below $3k

Bitcoin (BTC) has climbed back above $9.4k in an aggressive move. It has become very clear now that BTC/USD intends to test the main trend line resistance for the third time just like it did in March before the brutal downtrend started. It is important to realize that the uptrend is already broken at this point. We are just waiting for the downtrend to formally begin now. The bulls have lost control but the market makers and whales are not on the side of the bears yet. In fact, they want to shake out some impatient bears before the downtrend...

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Andreas Antonopoulos talks on limitations of bitcoin and how the lightning network could be a solution

  Andreas Antonopoulos recently spoke on the limitation of crypto currencies such as bitcoin when it comes to everyday payments.  He highlighted that for many people, crypto is an answer that is still not fully equipped to handle every day requirements such as recurring payments. The well-known bitcoin advocate, Andreas Antonopoulos recently spoke on the limitation of crypto currencies such as bitcoin when it comes to everyday payments. He highlighted that’s for many people, crypto is an answer to that is still not fully equipped to handle every day requirements such as recurring payments, subscriptions and just your morning cup...

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Bitcoins place in socio-economic issues

Over the course of 2020, there have been a lot of unexpected events to occur throughout the world.  But even though the severity of COVID-19 has had such an impact on our lives, the emergence of the black lives matter movement Has arisen in its ashes. Over the course of 2020, there have been a lot of unexpected events to occur throughout the world. COVID-19 being one of the biggest things to happen this year and potentially this decade. But even though the severity of COVID-19 has had such an impact on our lives, the emergence of the black lives...

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Is BTC/USD 8695 Back in Jeopardy? Sally Ho's Technical Analysis 16 June 2020 BTC

Bitcoin (BTC/USD) extended its recent weakness early in today’s Asian session as the pair remained pressured around the 9000 figure after trading as low as the 8895.01 area during yesterday’s European session.  Stops were elected below the 8993.44 area during the pullback, representing the 61.8% retracement of the appreciation from 8106.70 to 10428.  More Stops were triggered below the 8910.70 area, an upside price objective related to buying pressure that emerged around the 6456 area in April, after Stops were reached below the 9028.89 area, an upside price objective related to buying pressure the originated around the 3858 area.  Additional...

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Bitcoin Has Begun The Major Downtrend

Bitcoin has finally begun that major downtrend that we have been anticipating for months now. The 4H chart for BTC/USD shows how the price broke one key trend line support after another and it is now at a point where it risks further downside below $9k. It may take a while before it does that but it has become very clear at this point that the bullish momentum is lost and it is only a matter of time that the bears take control. So far, neither the bulls nor the bears are clearly in control. The bullish momentum is gone...

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