Bitcoin Risks Slide to $9.5K After Sudden $700 Price Drop – CoinDesk

View Bitcoin quickly fell from $10,842 to $10,082 earlier today, confirming a rising wedge breakdown on the hourly chart. The bearish reversal pattern has opened the doors for a retest of $9,467 (Aug. 15 low). On the way lower, prices may find support at the 100-day moving average, currently at $9,882. The average served as […]

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Legendary Investor Makes Sudden, ‘Psycho’ Attack On Bitcoin – Forbes

Bitcoin has divided opinion since it was created a little over a decade ago, with some seeing it as a sort of digital gold, while others dismissing it as a scam or pyramid scheme. The bitcoin price, up over 200% so far this year after a disastrous 2018, has remained highly volatile, despite some thinking […]

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Bitcoin Faces Further Losses After Rejection Near $11K Price Hurdle – CoinDesk

View Bitcoin has created a rising wedge pattern on the 4-hour chart. A wedge breakdown, if confirmed, could yield a drop to levels below $10,000. Bitcoin’s recent recovery from $9,467 lacked high-volume support, so a rising wedge breakdown looks likely. The weekly chart is also flashing bearish signals. A high-volume move above $11,000 would invalidate […]

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Bitcoin has become an unlikely safe haven as global turmoil has rocked markets. But not everyone thinks t.. – Business Insider

David Gray/Reuters Cryptocurrencies such as bitcoin are becoming more and more appealing to investors as safe haven assets as trade tensions and geopolitical forces whip global markets and currencies.  Because bitcoin is decentralized, it’s not directly subject to market forces such as interest rates or currency debasement. Still, one expert explains to us why they […]

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