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Crypto Price Analysis for Oct. 21, 2020: BTC, ETH, LTC, BCH, TRX

This analysis brought to you by RoboForex. The cryptocurrency market is demonstrating some positive dynamics. Bitcoin is attacking the short-term high, a breakout of which may push the instrument towards $15,000. Other cryptoassets aren’t so aggressive but they are also ready to move upwards and break their respective resistance areas. On the other hand, the unwillingness of BTC/USD to fix above $12,495 and then rebound to the downside may hint at an attempt to form a Double Top reversal pattern, that’s why it’s very important for bulls to break the above-mentioned level in the nearest future. Such a breakout will...

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Crypto Price Analysis for Oct. 14: BTC, ETH, XRP, LTC, BCH

This analysis brought to you by RoboForex. Bulls have been able to push Bitcoin past the sideways channel, so they may continue pushing it upwards to reach the next target at $12,495. If the asset fixes above this level, it may continue growing towards new highs. It’s very important for bulls to break this level because otherwise there are risks of the formation of a reversal pattern. If this level is not broken, bears may easily drop the cryptocurrency rate. Moreover, similar patterns can be found on charts of other assets, such as Litecoin and Bitcoin Cash, that’s why bulls...

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Developer Debates on the bitcoin cash network, is a split likely?

The community for bitcoin cash has recently been split in regards to whether they should change the difficulty adjustment algorithm for the Cryptocurrency.  A recent developing meeting seemingly ended with many attendees walking out.  The community for bitcoin cash has recently been split in regards to whether they should change the difficulty adjustment algorithm for the Cryptocurrency. A recent developing meeting seemingly ended with many attendees walking out.  Earlier this week on the 4th of August, Chris Pacia, one of the lead developers of the peer-to-peer marketplace and a volunteer developer for the bitcoin cash system tweeted the following:  Bitcoin...

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What Data Tell Us About the Bitcoin Cash Halving

This week marked an important milestone for Bitcoin Cash, as last Wednesday the crypto-asset reached block height 630,000 and cut the mining reward by half to 6.25 BCH every 10 minutes. This event happens every four years or more specifically after 210,000 have been mined. While most of the crypto news sites were talking about how this halving took almost 2 hours to be completed and how some miners left the network after this, we decided to analyze what happened on that day from a different and more data-centric perspective. A quick summary of Bitcoin Cash: Bitcoin Cash is a...

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The Hash rate takes a hit following BCH halving

The halving on BCH happened this week and has already seen the hash rate take a big hit. There are many in the space to predict that some of the Miners would abandon it and move to a more profitable coin such as BTC. The halving on the BCH network happened earlier this week and has already seen the hash rate take a big hit and the block generation slowing down significantly. There are many in the crypto space to predict that at least some of the Miners on the network would abandon it and move to a more profitable...

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