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Bitcoin (BTC) Keeps Stalling A Move To The Downside

Bitcoin (BTC) has closed the day above the 50 day EMA unlike Ethereum (ETH) which ended up closing below the 200 day EMA. This could be an indicator of further downside to come even though BTC/USD keeps on stalling a move to the downside. However, it keeps on revisiting the 50 day EMA and the more it keeps on testing it, the more it risks falling below it. Bitcoin (BTC) has begun the day in red and it could fall below the 50 day EMA if the price fails to recover quickly from here. The price is at a turning...

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Has Bitcoin (BTC) Lost The Strength To Go Up?

Bitcoin (BTC) has closed the day below the 21 Day EMA but we wanted to wait for further clarity to have a better idea of what is going to unfold here. The price has faced a clear rejection at the 38.2% fib retracement level from the local top. As long as the price remains below this level, there is no hope of any sustained move to the upside. If BTC/USD falls from here, the decline is likely to be very sharp and we will see it come down to $7,200 or lower levels before it can find temporary relief. There...

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Altcoin Season Might Be Closer Than You Think

Bitcoin (BTC) has closed above the 50 day EMA which is a very bullish development. The price could be on the cusp of a major breakout from here as it is now close to breaking past the 21 Day EMA. After the last parabolic advance of 2017 we saw the price decline below the 50 Day EMA when it topped out. It ended up closing below it and then eventually began its uptrend from there to rise above the 21 Day EMA. The price has now closed above the 50 day EMA same as last time which means it is...

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Can Bitcoin (BTC) Bulls Declare Victory Yet?

Bitcoin (BTC) has once again closed below the 50 Day EMA. On first glance, this is a very bearish development because most of the time when the price does that, it is followed by further downside. However, in this case there are other factors that could prevent the price from doing it. If we take a look at where the price stopped declining, it was the 38.2% fib retracement level from the all-time high. This zone also coincides with the 38.2% fib extension level from the December, 2018 lows. So, while the price looks bearish on surface that may not...

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Why Bitcoin (BTC) Bulls Have Nothing To Worry About Just Yet

Bitcoin (BTC) has declined below to a four digit price as we expected. We predicted this in our last analysis on BTC/USD. The price was trading around $10,830 when that happened. Soon after we posted the analysis, the price declined to a four digit price i.e. below $10,000. Similarly, we also said in our last analysis that “Ethereum (ETH)’s decline below $200 is inevitable”. The price declined exactly as we expected and touched the 61.8% mark. The market has now completed an important correction and we might see a temporary relief rally to the upside. If we take a look...

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