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BTC/USD Bulls Eyeing 9510 and 9613: Sally Ho's Technical Analysis 16 May 2020 BTC

Bitcoin (BTC/USD) continued to fade lower early in today’s Asian session as the pair failed to sustain a move higher to the 9594.99 area during yesterday’s European session, just below the 9613.54 area that represents the 76.4% retracement of the depreciation from 10079.00 to 8106.70.  Some upward buying pressure emerged around the 9242.11 area during the past few sessions, an area that represents the 38.2% retracement of the recent appreciation from 8106.70 to 9943.93.  Likewise, some selling pressure emerged around the 9531.97 area during yesterday’s North American session, a level that represents the 50% retracement of the recent depreciation from...

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BTC/USD Bulls Empowered by 9362 and 9214 Support: Sally Ho's Technical Analysis 16 May 2020 - BTC

Bitcoin (BTC/USD) remained on the defensive early in today’s Asian session as the pair continued to drift further away from the psychologically-important 10000 figure after the pair ran into headwinds around the 9875.00 area during yesterday’s Asian session.  Traders pushed the pair as low as the 9226.08 area during yesterday’s Asian session, just above the 9223.97 area that represents the 23.6% retracement of the recent appreciation from 6456.00 to 10079.00.  Thereafter, BTC/USD was bid around the 9363.22 area during the European session, just above the 9362.24 area that represents an upside price objective related to buying pressure that emerged around...

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Bitcoin Downtrend Is Just Getting Started

Bitcoin has once again declined down to $9.5k after misleading traders into thinking that we might be headed higher. This is not the first time it has happened and it will not be the last. Every time when a downtrend is just about to begin in BTC/USD, the big players in this market keep playing these games to trap in more bulls and discourage the bears from shorting the market. At this point, the post halving profit taking has still not happened. In addition to that, we have miners who are worried about their profitability as the mining difficultly keeps...

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Real vision CEO gives another long-term BTC prediction of almost $500,000

The CEO and founder of real vision, Raoul Pal is a big believer that bitcoin could reach a height of $476,000 in the long run.  This humongous prediction is not the first of its kind as many other hedge fund managers such as Mark Yusko have made similar predictions in the past. The CEO and founder of real vision, Raoul Pal is a big believer that bitcoin could reach a height of $476,000 in the long run. This humongous prediction is not the first of its kind as many other hedge fund managers such as Pal have made similar predictions...

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Bitcoin investing and sports betting with the use of BTC

Corona Infects Bitcoin It’s Thursday, February 13th, 2020, and Bitcoin is trading at about $10,500, the highest it’s been in six months. However, an invisible enemy is lurking that will not only affect the price of Bitcoin but paralyze society as we know it and cripple the global economy. COVID-19 is in the air and in exactly one month Bitcoin will plummet to $3,967, a staggering 62 percent drop and reflective of the rest of the financial world - panic-stricken. Fortunately, strides are being made to finding a cure and it appears as though the worst of the global pandemic...

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