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All Odds Are Against Bitcoin This Time

Bitcoin is on the verge of a major decline. This time the odds are against it both as a “safe haven asset” and as a “speculative asset”. Whether you compare it with the stock market or the oldest safe haven asset known to man, gold, it is primed for a major correction either way. The price of Gold (XAU/USD) broke below the key rising wedge today and is now struggling to hold its ground above a key horizontal support which it is ultimately expected to break below. Meanwhile, Bitcoin broke a key trend line support and is now eyeing further...

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The US economic Uncertainty & Bitcoins returns

There is a lot of uncertainty and volatility going on throughout the world right now and in America, printing money seems to be the solution.  Of course, many people know that this is but temporary and is in no way a long term fix for all the turmoil that has been brought on thanks to the coronavirus. Thanks to COVID-19, the world and the economy is on the brink of collapse. There is a lot of uncertainty and volatility going on throughout the world right now and in America, printing money seems to be the solution. Of course, many people...

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Bitcoin reacts: bitcoins from 2009 moved to an unknown wallet, is it Satoshi?

The rumour mill has just sparked up again as 50 bitcoins have just been transformed from a crypto wallet that has been inactive since 2009. It seems that the coins were first mined when bitcoin was first created and are now worth around $500,000. The rumour mill has just sparked up again as 50 bitcoins have just been transformed from a crypto wallet that has been inactive since 2009. It seems that the coins were first mined when bitcoin was first created and are now worth around $500,000. There have been rumours going around at the crypto space for over...

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BTC/USD's Decline Slowed by 9299 Technical Bids: Sally Ho's Technical Analysis 21 May 2020 BTC

Bitcoin (BTC/USD) continued to trade sideways early in today’s Asian session as the pair climbed to the 9597.00 area after trading as low as the 9296.54 area during yesterday’s North American session. This level was just below the 9314.45 area that represents the 23.6% retracement of the depreciation from 9943.93 to 9120.00, and just below the 76.4% retracement of the recent appreciation from 9120.00 to 9957.25.  Despite an acute downward move from the 10079 area more than one week ago, BTC/USD has been steadily bid higher from the 3858 area in March following its rapid descent from the 10522.51 area...

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Bitcoin Cannot Stall The Next Big Crash For Long

The price of Bitcoin continues to resist a major decline. So far, the market makers and whales have done everything they can to save the price from collapsing. If it weren’t for their efforts, BTC/USD would have already declined pretty aggressively. They barely saved it from declining down to zero previously in a flash crash. Even yesterday, the Bitmex exchange mysteriously went offline at a critical time. None of this is a coincidence. We all know that they wouldn’t have to resort to any of this if the trading activity was real for the most part. It should be obvious...

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