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Bitcoin Technical & Sentimental Analysis 07-23-21

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@xuanling11
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Technical Analysis

Bitcoins opens at $32K. It hits lowest at $32K and highest at $32K and stable around $31K ~ $32K. The average transaction fee is $1.96 which is 2.49% decrease from 07-22-21. Fear and Greed level is at 23.

Here are some highlights to support my analysis: Today’s sentimental news and comments:

Bullish News 📈

Twitter introduced tip jar aims for blockchain adoption. Jack Dorsey has a vision for Bitcoin to be a currency to reward Twitter content creators. Although many payment systems have already been linked into, he sees Bitcoin as fundamentally changing the existing system.I think Jack Dorsey is a doer. He has a clear vision to change social media platforms that integrate the Bitcoin payment system into Twitter.

Gallup survey found U.S. Bitcoin owning is triple! But wait, from 2% adoption in 2018 to 6% in 2021! Woohoo for the win?!

Amazon entered into Bitcoin payments? Speculation comes from Amazon Jobs website of hiring a Digital Currency and Blockchain Product Lead. It is just too early to speculate but it seems Amazon has some interest in Bitcoin payments. Although they are running Ethereum nodes on their cloud services with at least 8,000 nodes, they are likely preparing for the future.

Bearish News 📉

El Salvadorians march into the street against Bitcoin because it is too volatile. They are fearful of public corruption and the operations of drug, arms and human traffickers, extortionists and tax evaders. Some many criminals in El Salvador (just joking). Legalized Bitcoin may mean open arms to illegal activities.


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Thanks for reading and see you tomorrow!

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