Bitcoin News

Story: Bitcoin’s 2019 Rally Could Have Real Legs – Mike Novogratz

By Steven Anderson

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Mike Novogratz recently stated, "Bitcoin's 2019 rally could have real legs."

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The recent tariff threats from President Donald Trump had the Yuan to sink to its lowest levels in a decade.

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Anthony Pompliano tweeted: "UPDATE: Bitcoin is performing as designed during times of global instability."

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Due to the widespread arrests in Hong Kong due to city-wide protests and strikes Hong Kong might touch the verge of a very dangerous situation.

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The current macroeconomic factors are creating the right kind of storm to ignite the price appreciation of Bitcoin.

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The Dovish Turn from the European Central Bank will play the role of a "rocket fuel" for Bitcoin.

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The bearish lower-highs patterns have been violated, and Bitcoin jumped to $11,120, and the gains were extended to $11,868.

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Vinny Lingham stated, "The key indicator for the start of a sustainable bull run is likely a decoupling of asset values from Bitcoin.

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With the Dominance rate justifying the 9.5% price rise over the past 24 hours, trends likely project further gains towards resistance at $12,030.

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At the time of reporting the news, BTC was at 11,794 USD.

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The price trends have convinced the cryptocurrency community that the drop of the Yuan below the significant psychological level at 7 per USD caused the price rally of the BTC.

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Alex Kruger has been wondering if "BTC did front-run People's Bank of China's (central bank) decision to permit yuan to slide beyond 7 per USD.

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Meanwhile, Steve Bannon is opposite Trump's views as he states that he thinks Bitcoin and "cryptocurrencies have a big future.

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