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Offers Around 9267 Slow BTC/USD's Move Higher: Sally Ho's Technical Analysis 23 May 2020 BTC

Bitcoin (BTC/USD) gave back some earlier gains during today’s Asian session as the pair fell to the 9129.40 area after peaking around the 9267.34 area during yesterday’s North American session.  Stops were elected above the 9060.07 and 9208.54 levels during the move higher, representing the 23.6% and 38.2% retracements of the recent depreciation from 9836.99 to 8820.08.  Additional Stops were reached above the 9242.11 area during the move higher, representing the 38.2% retracement of the appreciation from 8106.70 to 9943.93.  If the pair is able to resume its upward trajectory, traders will pay close attention to levels including the 9328.54,...

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Is A Bitcoin Death Spiral Possible?

Bitcoin came into existence as something that would remedy the ills of fractional reserve banking after the financial crisis of 2008-09. Most new investors that found out about it never asked too many questions as for most of them it was about more than just an investment; it was about a vision. Unfortunately, all of that got lost when we saw groups after groups of quick buck artists and conmen distort Satoshi’s vision. Many Bitcoin traders and investors are bullish long term because they see Bitcoin as something that could become a global currency, at least for the masses if...

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Creative planning president encourages investors to look away from bitcoin

According to Peter Mallouk, investors should not look to bitcoin after what is happening with COVID-19.  Speaking to CNBC, Mallouk said that stocks and bonds were much better investment opportunities than bitcoin and even gold. According to Peter Mallouk, young investors should not look to bitcoin after what is happening with COVID-19. Speaking to CNBC earlier this week on the 21st of May, Mallouk said that stocks and bonds were much better investment opportunities than bitcoin and even gold. For those that don’t know, Mallouk is the president and the chief investment officer at the wealth management company, creative planning. ...

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Tyler Winklevoss: How bitcoins value is more meaningful compared to the dollar

Given the current economic crisis brought on by COVID-19, many people are wondering how the United States dollar will survive this pandemic.  Some people believe that the Dollar has already lost quite a lot of his power already. Given the current economic crisis brought on by COVID-19, many people are wondering how the United States dollar will survive this pandemic. Some people believe that the Dollar has already lost quite a lot of his power already. This is the belief of one of the most well-known brothers in the crypto space, Tyler Winklevoss. In a tweet early this week, Winklevoss...

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BTC/USD's Rapid Descent Slowed by 8820 Bids: Sally Ho's Technical Analysis 22 May 2020 BTC

Bitcoin (BTC/USD) clawed back from some recent losses during today’s Asian session as the pair moved back above the psychologically-important 9000 figure after declining to the 8800.00 level and electing large Stops below some key levels, including the 9242.11 and 9025.32 areas that represent the 38.2% and 50% retracements of the recent appreciation from 8106.70 to 9943.93.  Buying pressure emerged just below the 8808.52 area, a level that represents the 61.8% retracement of the same appreciating range.  Additional Stops were reached below the 9092.85 and 8860.12 levels during the descent, representing the 50% and 38.2% retracements of the recent depreciation...

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