Crypto News 

Bitcoin Price Falls Below $9K as Bears Back in Control Eyeing $8.2K

“Bitcoin price (BTC) fell almost 5% on Monday morning, finding lows of $8,593, completely reversing the weekend recovery back above the $9,000 handle and below the lows of the prior week” reports cointelegraph.com. With the bulls under pressure, all eyes will be on the $8,000 handle this week if the bears manage to push the price lower.This effectively means that although the price is still declining, the momentum of the drop is decreasing. Source: cointelegraph.com

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News 

NFL picks: Predictions for Chicago Bears vs. Philadelphia Eagles | Will Jordan Howard get revenge on the team that traded him? NFL Week 8

“A healthier and more confident Eagles defense will make Mitch Trubisky look bad” writes Zrosenblatt Njadvancemedia Com for nj.com. Chicago’s defense will give a still limited Eagles offense trouble.It worked out during the gale force winds in Buffalo, but against the Bears’ third-ranked rushing defense, it might be tough-sledding. Source: nj.com

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Raiders knocked out of field goal range after Richie Incognito gets flagged for shoving a Bears player’s face into the ground

“Oakland Raiders offensive lineman Richie Incognito committed a foolish and unnecessary penalty that cost his team points on Sunday” writes Scott Davis for businessinsider.com. Incognito was flagged for unnecessary roughness and the 15-yard penalty knocked the Raiders out of field goal range. Source: businessinsider.com

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Crypto News 

Bitcoin Price Trapped Below $8,500 as Bears Call for a Drop to $6K

“Since the drop from $10,300, Bitcoin has been pinned in the $8,000 to $8,400 range with support at $8,000 and $7,850” writes Horus Hughes for cointelegraph.com. One can see that Bitcoin price has ridden right along the MA of the Bollinger Bands and met resistance once breaking above the upper arm in the $8,520 area.For the moment, Bitcoin appears to have stabilized and traders are hopeful that a strong move to $8,500 will occur over the coming days.A drop below the lower Bollinger Band arm at $7,338 is likely to…

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NZDUSD tries to rebound off another year low

“For now, the focus is on the lower trendline at 0.6272 and the lower swing level at 0.6254-57” reports forexlive.com. That also pushed the price to the lowest level since September 23, 2015.Staying above could see more sellers covering with the 100 and 200 hour moving averages at 0.6298 and a topside trend line (that held on Friday) as topside targets.The not so bears news is that the price could not stay below that swing area and in fact has found support against it. Source: forexlive.com

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Markets News Stocks 

Prominent Investor Sees Big Breakout For S&P, Says Bears Lost Control

“The Dow Jones plunged by 159 points below the key 27,000 level, leaving the U.S. stock market vulnerable to a further pullback” reports ccn.com. The analyst stated that Friday was a critical opportunity for bears to apply more sell pressure on the S&P 500 and the U.S. stock market to intensify the downward movement.Amidst a slight pullback in the U.S. stock market, Ed Yardeni, president of Yardeni Research, said that the S&P 500 is expected to see a big breakout heading into 2020, predicting an increase to 3,500 points.As reported…

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About those roughing the passer penalties in the Bears-Broncos game…

“Typically, any roughing the passer penalty that the league deems to be a correct call is accompanied by a fine” writes Sep Cdt for suntimes.com. The NFL also did not fine Bears nose tackle Eddie Goldman for his roughing the passer penalty on Joe Flacco early in the fourth.The biggest controversy was over a penalty against Broncos linebacker Bradley Chubb, who hit Mitch Trubisky as he released a 5-yard completion to Trey Burton with 24 seconds left. Source: suntimes.com

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