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Bitcoin (BTC) Begins New Week Trading Above 50 EMA But Can It Stay There?

Bitcoin (BTC) has started the new week trading above its 50 week EMA. The weekly chart for BTC/USD shows that the price is now also at the top of the ascending channel it has been trading in since December, 2018. Normally, we would expect the price to retrace anyway when it tests the top of the ascending channel being this overbought. The weekly RSI as well as the Stochastic RSI both signal a major pullback to come in the near future. The NVT indicator is also signaling a major sell-off that could at least pull the price back to the...

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Bitcoins Most Prolific Inspirations

We want to take a look at some of the key products that exist within the crypto industry that draw clear inspiration from Bitcoin. Arguably everything within the blockchain world is the result of Bitcoin, though I think this concept is a little less fluid than that. Some blockchain products may well have come to be developed without Bitcoin in the first instance, some products however can’t escape their basic Bitcoin blueprint. Privacy coins are a great place to start. Tokens such as Dash and Monero take the basic Bitcoin architecture and design and attempt to make it better, more...

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Is Bitcoin Leading An Environmental Crisis?

When new technologies emerge, they are often hazardous to the environment, simply because when a prototype for a new technology is designed, environmental efficiency may not always be at the fore of the designers and developers minds - they just want to get their product finished, no matter what the cost. Bitcoin is no exception to this. Bitcoin is a powerful tool, one that promises to reshape the financial industry, indeed, it’s already made steady progress toward doing this. Bitcoin is a store of value that can be used to transfer funds, hold funds and even make money through investment....

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Sally Ho's Technical Analysis 22 April 2019

Bitcoin Bitcoin (BTC/USD) appreciated early in the Asian session as the pair moved to the 5313.51 area after finding some demand around 5233.14. Notably, the pair continues to orbit the 5264.14 area, representing the 61.8% retracement of the 5488.00 – 4901.99 range, and has generally been Given around the 5349.80 area, representing the 76.4% retracement of the same range. Similarly, we have written extensively about the 5265.70 area that represents the 50% retracement of the 7402.50 – 3128.89 area. The 50-bar MA (4-hourly) continues to approach price activity, calling into question whether BTC/USD can establish a technical base around this...

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BTC Investors Could Be Facing The Death Penalty Following Crimes In Thailand

After being accused of violating Thailand’s sovereignty by building a home in the middle of the sea, one Bitcoin investor from America could be facing the death penalty. Chad Elwartowski and his girlfriend, Supranee Thepdet (known as ‘Bitcoin Girl Thailand’, are both looking at charges that threaten the nation's independence after authorities found their ocean-based home which was located about 12 nautical miles from the Thai coast. The country’s navy has accused him of violating the nation’s sovereignty, but Elwartowski insisted the floating ‘living platform’ in the Andaman sea was built in his pursue for ‘freedom’. Elwartowski said that their...

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