Bitcoin Technical & Sentimental Analysis 08-02-21

in CryptoDog • 3 years ago

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Bitcoins opens at $41K. It hits lowest at $38K and highest at $42K and stable around $39K ~ $40K. The average transaction fee is $2.06 which is 9.25% decrease from 08-01-21. Fear and Greed level is at 48.

Here are some highlights to support my analysis:

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Bitcoin Value = $28k ~ $40k and my position is Long.
Today’s sentimental news and comments:

Bullish News 📈

Square proved that Bitcoin can generate huge profits as its cash app just increased its revenue by triple the rate.

Bearish News 📉

SEC and Ripple’s war will drag longer as both sides do not want to back off and it goes nowhere at the end. Regulators are struggling to understand what position crypto can do in the future.

The Indian government is still thinking of banning Bitcoin and other private cryptocurrencies. Will banning it be a solution in the future? Probably not!

Different between CBDC and Bitcoin is: censorship or not

Also, if you have any suggestions, please do not hesitate to let me know!

Thanks for reading and see you tomorrow!

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#trading #analysis
3 years ago in CryptoDog by
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