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Bearish Headwinds at 9849 for BTC/USD: Sally Ho's Technical Analysis 6 June 2020 BTC

Bitcoin (BTC/USD) exhibited some weakness early in today’s Asian session as the pair weakened to the 9621.03 area after being capped around the 9855.00 area during yesterday’s European session, right around the 50% retracement of the recent depreciation from 10428 to 9270.  Following the headwinds that the pair encountered around the 9880.17 level during Thursday’s trading activity, the pair is experiencing some short-term weakness.  The pair has been supported in the short-term above the 9579.00 area, representing the 50% retracement of the recent appreciation from 9270.00 to 9888.00.  Stops were reached this week below the 10004.36, 9742.28, 9530.47, and 9318.65...

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Bitcoin Is Close To The Next Big Move

Bitcoin is very close to the next major move which is more likely to be to the downside than the upside. Short-term, it could end up revisiting $10k in a bullish scenario if the bulls fight back to reassert control. However, it has become very clear at this point that they have clearly lost the war even if they win a battle here or there. The larger trend will be in favor of the bears for the remainder of the year and it is only a matter of time that it happens. For now, BTC/USD as well as most other...

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ETH Seems to Outperform BTC in 2020: ETH 2.0 is A Bull Catalyst?

ETH 2.0 mainly represents a transition away from mining and toward proof-of-stake, which will make Ethereum much more efficient, secure, and capable of handling high transaction volumes. ETH 2.0 has infamously been delayed several times since it was announced in 2018,and finally, it is suggested that ETH 2.0 could begin to go live during Q3 2020 according to the developer.  On June 1, Vitalik Buterin applauded the successful launch of various Layer 2 solutions on Ethereum, saying that “the initial deployment of Ethereum’s layer two scaling strategy has *basically* succeeded.” In a recent thread, he sheds light on some of the most...

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Isaiah Jackson, bitcoin & black America author, comments on US protests - Bitcoin is a peaceful protest

Isaiah Jackson Has said that the people who are promoting bitcoin during the protest against police brutality in America have identified the real enemy. That being a legacy financial system that has shut out African-Americans for decades. The author of the well-known Cryptocurrency book, bitcoin & black America, Isaiah Jackson Has said that the people who are promoting bitcoin during the protest against police brutality in America have identified the real enemy. That being a legacy financial system that has shut out African-Americans for decades, if not centuries. Speaking to Cointelegraph earlier this week, Jackson said that he has welcomed...

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BTC trading in Russia has significantly increased due to COVID-19

As lockdown impacts our daily lives thanks to the pandemic brought on by COVID-19, cryptocurrency has been a hot topic.  Economies all around the world are in a state of confusion and negative movements but when it comes to the world of crypto, things seem to be on the up. As lockdown impacts our daily lives thanks to the pandemic brought on by COVID-19, cryptocurrency has been a hot topic. Economies all around the world are in a state of confusion and negative movements but when it comes to the world of crypto, things seem to be on the up....

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