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10000 Back in View for BTC/USD Bulls: Sally Ho's Technical Analysis 15 May 2020 - BTC

Bitcoin (BTC/USD) continued its march towards the 10000 figure early in today’s Asian session as the pair steadily added to its recent gains before encountering resistance around the 9943.93 area, its strongest print since its rapid decline from the 10079 area last weekend.  Stops were elected above the 9613.54 and 9656.93 areas, representing the 76.4% and 78.6% retracements of the recent depreciation from 10079 to 8106.70.  Some additional Stops were also triggered above the 9750.51 area, an upside price objective related to buying pressure that emerged around the 3858 area in March.  The pair’s next such upside price objective is...

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Bitcoin Primed For The Next Decline

The price of Bitcoin has done exactly what we anticipated and we saw a big move towards the $9.5k mark to complete the right shoulder of the Head and Shoulders formation. BTC/USD ended up rising a little higher than that but has now declined. The larger trend remains unchanged and BTC/USD is still on the verge of a major decline below $8k from current levels. The price action looks a lot similar to the one from the previous major downtrend. We can see that the pattern of higher highs and higher lows on the daily time frame is now broken...

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24,000 BTC withdrawn from different exchanges since the halving took place

Earlier this week, bitcoin went through its third halving in history and is still performing well following the historic event.  Since that day, nearly 24,000 bitcoins have been withdrawn from exchanges. Earlier this week on the 11th of May, bitcoin went through its third halving in history and whereas it didn’t live up to many investors’ hype and expectations, it is still performing well following the historic event. Since that day, nearly 24,000 bitcoins have been withdrawn from exchanges.  The trend of BTC flooding out of these platforms started in the middle of last month and has only continued since...

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Nexo.io CEO confident in his $50,000 BTC prediction by the end of 2020

The CEO of Nexo.io recently spoke with Bloomberg where he talked about his previous prediction of BTC hitting $50,000 before the end of 2020.  Re-visiting this prediction, he says that despite all the economic turmoil going on in the world, bitcoin is still on track to reach this predicted price. The CEO of Nexo.io, Antoni Trenchev recently spoke in an interview with Bloomberg where he talked about his previous prediction of BTC hitting $50,000 before the end of 2020. Re-visiting this prediction, he says that despite all the economic turmoil going on in the world brought on by coronavirus, bitcoin...

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If you own BTC you are “Very very smart” according to Tyler Winklevoss

Are you smart if you own gold? Are you even smarter if you own bitcoin? According to Erik Voorhees, if you own gold then you are a very smart person but if you own bitcoin, Tyler Winklevoss says that you are a very very smart person. Responding to the well-known American lawyer Jake Chervinsky who took to Twitter pondering whether he should own gold as well as BTC, Voorhees said the following: Owning gold is very smart — Erik Voorhees (@ErikVoorhees) May 13, 2020 Not long after that interaction took place, Tyler Winklevoss responded saying: Owning bitcoin is very very...

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