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UBS Expects Gold to Hit $2,000; What Does It Mean for Bitcoin?

Source Node: https://bitcoinist.com/ubs-expects-gold-to-hit-2000-what-does-it-mean-for-bitcoin/?utm_source=rss&utm_medium=rss&utm_campaign=ubs-expects-gold-to-hit-2000-what-does-it-mean-for-bitcoin
Time Stamp: August 4, 2020 2:50 AM - Modified On: May 21, 2021 - Published By:
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UBS Global predicts that gold would climb to $2,000, at least by September, just as the metal’s correlation with Bitcoin reaches a new high. Wayne Gordan, executive director of Commodities and Forex at UBS, projected negative US real yields as the core reason behind the increasing bids for gold. The other key point, Mr. Gordon stated, is the ongoing plunge in the US dollar. Bitcoin traders should brace for a decent upside momentum led by the gold market. It is because of the increasing realized correlation between the two assets.

XRP Posts Classic “Bearish Retest” Pattern as Analysts Eye Lower Lows

Source Node: https://bitcoinist.com/xrp-posts-classic-bearish-retest-pattern-as-analysts-eye-lower-lows/?utm_source=rss&utm_medium=rss&utm_campaign=xrp-posts-classic-bearish-retest-pattern-as-analysts-eye-lower-lows
Time Stamp: August 3, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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XRP has been able to post some notable gains throughout the past couple of days Its recent upswing has even come about as Bitcoin and Ethereum both reel lower as a result of their latest rejections Despite being laggard throughout the early phases of this rally, the embattled crypto is now looking strong Analysts are still cautious about its mid-term outlook, however, as this latest upswing could simply mark a “bearish retest” of the upper boundary of a long-held trading range If this is the case, then it may still see

$500M Liquidated: Bitcoin Slides to Crucial Level Following Overnight Volatility

Source Node: https://bitcoinist.com/500m-liquidated-bitcoin-slides-to-crucial-level-following-overnight-volatility/?utm_source=rss&utm_medium=rss&utm_campaign=500m-liquidated-bitcoin-slides-to-crucial-level-following-overnight-volatility
Time Stamp: August 2, 2020 12:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin bore witness to some intense overnight volatility that came about after it hit highs of $12,000 From this point, the cryptocurrency decline to lows of $11,000 before finding some strong support Despite buyers protecting this level, its inability to post any type of strong bounce here does seem to be a negative sign for the cryptocurrency The sharp cliff formed as a result of the overnight selloff also led to massive liquidations amongst buyers Despite the blow this struck to BTC’s market structure, some analysts remain bullish, noting that

Why Bitcoin’s 3-Day Candle Close Could Lead to a “Parabolic Advance”

Source Node: https://www.newsbtc.com/2020/08/01/bitcoin-could-see-a-parabolic-advance/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-could-see-a-parabolic-advance
Time Stamp: August 1, 2020 2:30 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin is currently expressing intense signs of strength as its price pushes up towards the $12,000 region. Although it has yet to breach this key level successfully, its strong overnight upswing does seem to indicate that a move higher is imminent in the near-term. This strength is likely rooted in the bullish monthly close that the benchmark cryptocurrency was able to post yesterday. This was the first time in three years that Bitcoin was able to close its monthly candle above $10,700. Many analysts are now noting that this may

Bitcoin Price Increases to $11,400, Traders Expecting Rally to $12,000

Source Node: https://www.cryptoknowmics.com/news/bitcoin-price-increases-to-11400-traders-expecting-rally-to-12000
Time Stamp: August 1, 2020 2:31 AM - Modified On: May 21, 2021 - Published By:
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Rate this post Traders across the world have been giving several bullish predictions regarding Bitcoin price for quite some time now. The price has just touched the $11,400 level and the traders are expecting it to reach $12,000 mark.  However, the price shortly dropped down to $11,250 level but in the current scenario, price is expected to increase. Kelvin Koh of the Spartan Group has said that when the price reaches $11,400, there are high chances of a rally to $12,000. Will Woo revealed new Bitcoin price model Willy Woo, a

Bitcoin Price Prediction: BTC/USD Reaches the Expected Target at $11.5k as Buyers Take Bold Steps to $12k Mark

Source Node: https://insidebitcoins.com/news/bitcoin-price-prediction-btc-usd-reaches-the-expected-target-at-11-5k-as-buyers-take-bold-steps-to-12k-mark
Time Stamp: August 1, 2020 2:14 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin (BTC) Price Prediction – August 1, 2020Today, BTC/USD is now trading above $11,400 after days of battle against the resistance at $11,200. The king coin is close to its next target price of $11,500. This is a positive sign as buyers continue to exercise dominance over sellers. Resistance Levels: $10,000, $11, 000, $12,000Support Levels: $7,000, $6,000, $5,000 BTC/USD – Daily Chart Since July 27, the bulls have been having a running battle to push BTC above the $11,200 resistance. Buyers have retested the resistance on four different occasions without