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Bitcoin Technical & Sentimental Analysis 07-25-21

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xuanling11
@xuanling11
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Bitcoins opens at $32K. It hits lowest at $32K and highest at $39K and stable around $38K ~ $39K. The average transaction fee is $2.24 which is 19.42% decrease from 07-24-21. Fear and Greed level is at 27.

Here are some highlights to support my analysis: Bitcoin Value = $28k ~ $35k and my position is Long. Today’s sentimental news and comments:

Bullish News 📈

Amazon integrates Bitcoin payments into their system and wants to launch their own token by 2022. It seems likely a rumor but tech companies are going into crypto because they not only see opportunity but a way to help themselves to become somewhat anonymous to prevent the Government implementing CBDC to track their operations.

Banks prepare for Bitcoin adoption. Yet many banks embraced the change and others opposed the change. They may know that future becomes more and more uncertain and central banks may not have the ability to handle it right and Bitcoin is becoming their insurance policy against the failure of central banks.

Bearish News 📉

BlockFi’s Bitcoin savings accounts got regulatory scrutiny. It is directly competing with the banking system and regulators unhappy about it because it is unregistered in the SEC and it is probably heavily leveraged lending that likely caused 2008 subprime bubbles.

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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