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Bitcoin (BTC) Likely To Retrace To 21 Day EMA Before Rally Towards $4,500

Bitcoin (BTC) is trading just below $4,000 and eyes a retest of the trend line resistance. Overbought conditions on the daily time frame have once again become favorable for a rally to the upside. However, the price is extremely unlikely to break out of the symmetrical triangle this week. The daily chart for BTC/USD shows that we might see a retest of the 21 day exponential moving average before the weekly close. The price could fall further to retest the 38.2% Fib level but it is still expected to be in a position for a quick rally towards $4,500 before...

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Exciting News From BTC, XRP & Visa

And we’re back with the weekly roundup of some of the hottest crypto news that has gone on over the past week. This week we saw Tom Lee give his prediction on when the Bitcoin bull run is to occur, a GMO Internet Group survey showed us that Ripple is expected to see the most gains in 2019 and we also see the Visa payment protocol slowly but surely get involved into the crypto space which we will talk about first. Visa Visa is one of the biggest companies out there and they are slowly but surely dipping their toes...

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Canadian Authorities Exploring New Laws For Bitcoin

According to new reports, Canadian authorities are now working with crypto fanatics and prolific members of the cryptocurrency community in order to start creating more clear regulations for the likes of Bitcoin and other cryptocurrencies in Canada. The Canadian Securities Administrators (CSA) are now alleged to be working with the Investment Industry Regulatory Organization of Canada (IIROC) in order to best research how cryptocurrency regulations could be rolled out to allow for a more fair crypto environment in Canada. Last week, the pair published a discussion paper that proposes a new regulatory framework that will help shape existing regulations in...

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What Bitcoin Needs To Get Back On Top?

As many of you will know, the cryptocurrency world is one that is very unpredictable. There are persistent lows and short term highs which take the value of cryptocurrencies from one extreme to the other. So it’s safe to say that cryptocurrency is not without its volatility. A good example is in 2017 when Bitcoin surged over the $20,000 region for a short time. A year on and everything was different for Bitcoin as the cryptocurrency experienced a massive downturn which was a long time coming if you take a look at the market's performance throughout 2018. So as we...

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Bitcoin (BTC) Maintains Parabolic Trajectory, Eyes Rally Above $4,000

Bitcoin (BTC) maintains its parabolic trajectory as price consolidates before a strong rally past $4,000. The price is expected to close this week below $4,000 with the possibility of a strong rally as early as next week. The 4H chart for BTC/USD shows that the price is currently resting atop the parabolic support which also coincides with the 50 MA on the 4H time frame. Prior to that, the price found support on a level that coincided with the 200 MA on the same time frame. Trading conditions on the 4H time frame are favorable for a short term rally...

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