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Sally Ho's Technical Analysis 26 May 2019

Bitcoin Bitcoin (BTC/USD) managed to remain above an important technical level through the middle of today’s Asian session as Bids continued to support the 7966.03 area, representing the 76.4% retracement of the 8388.00 – 6600.00 range. The pair has traded in a relatively narrow range since early yesterday, with technical Resistance preventing the pair from running too far above the 8114.90 area, representing the 76.4% retracement of the move from 8315.00 to 7467.10. Traders continue to deliberate whether the pair will develop an upward bias or a downward bias. Notably, the 50-bar MA (4-hourly) is creeping up to market activity...

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Is The Current BTC Price In The Early Stage Of The Coming Bull Market?

In the past 2 months, the price of bitcoin has continued to surge, hitting a year-to-date record high of $8,300. Remarkably, despite a recent large-scale security breach that occurs on Binance ( resulting in a loss of around 7,000 BTC), traders’ confidence is still returning to the market, and the BTC price has kept climbing up with formidable upward momentum by more than 67.5%. Michael Novogratz, a former hedge fund manager and current CEO of Galaxy Digital, has predicted that the bitcoin price will triple within the next 18 months. Many analysts also believe that we’re now in the early stage...

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Bitcoin (BTC): Why Retail Bulls And Bears Are Both Wrong Short Term

There is a serious lack of patience in this market. Big moves in the last two years have left everyone expecting the same roller coaster rides over and over again. While it is true that BTC/USD had a parabolic growth since its creation and has outperformed most financial assets to date, it is important to realize that this cannot go on forever. In fact, I believe that the next bull run will perhaps be the last bull run in the crypto sense of the word. After that, we will see more stability and Bitcoin (BTC) will be on its way...

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How Blockchain will Impact Healthcare & Banking

We’re almost six months into 2019 but we can already see how blockchain patterns will help change the space throughout the following year. A lot of people are resistant to innovative changes in both their own daily life but in the workplace too. Even so, what needs to be seen is the vision to perceive how the innovation they are opposing will improve their life in the future. As reported by Hacknoon: “Developing innovations are energizing and bring development and new open doors over the globe. They transform ourselves by adjusting the manner in which we think and work regularly.”...

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The Crypto Bubble Hasn’t Burst Yet...

‘The bubble will burst’ seems to be something that we hear a lot in the crypto world, however when exactly is that going to happen? The recent bitcoin price surge suggests why it hasn’t burst yet. Bitcoin recently surpassed the $8,000 mark, and sparked excitement between crypto holders over a new bull market. Despite this, Bitcoin is still a bubble, and even though there seems to be plenty happening in the crypto world, it hasn’t quite erupted yet. It is still a struggle to buy simple things such as coffee with Bitcoin without being hammered with tax. Bakkt announced a...

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