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Willy Woo analyst discusses the future of bitcoin following the charges against the BitMEX exchange

Quick take 1 minute read Willy Woo has recently given his opinion on bitcoin in spite of its lacklustre market price and the charges brought against the BitMEX exchange towards the end of last week by the CFTC for the executives of the company violating the United States banks secrecy act.  Interestingly, the analyst highlighted that no traders will lose their coins and futures exchanges will clean up their practices from now on. Willy Woo, one of the more prominent analysts within the crypto space, has recently given his opinion/prediction on bitcoin in spite of its lacklustre market price and...

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Bitcoin Staying Above $10,000 For The Longest Period, Is This Bullish?

Bitcoin has held the $10,000 ground for the longest period for the past few months, surpassing its 62-day record from December 1, 2017 to January 31, 2018. The bullish trend is still continuing. Although Bitcoin's price volatility is relatively low, staying above $10,000 is an important milestone for the benchmark cryptocurrency. If we take a look at transaction data, although its transaction fees have been surpassed by that of ETH, the overall transaction volume and market feedback indicate that Bitcoin is ready for the strongest rebound in history, and the $20,000 is reachable. Judging from historical data,  a strong price...

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Are you HODLing bitcoin? According to new research, you’re in the minority… 

Quick take 1 minute read Over the past decade, cryptocurrencies have taken the world by storm.  The leading cryptocurrency, bitcoin is almost a household name at this point and so it’s no surprise as to why many people believe that in the future, bitcoin could become a credible store of value. Over the past decade, cryptocurrencies have taken the world by storm. The leading cryptocurrency, bitcoin is almost a household name at this point and so it’s no surprise as to why many people believe that in the future, bitcoin could become a credible store of value. Essentially, the adoption...

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BTC/USD Extends Glide Higher from 10363.76: Sally Ho's Technical Analysis 5 October 2020 BTC

Bitcoin (BTC/USD) continued to add to recent steady gains early in today’s Asian session as the pair sought to extend its upside progress from its recent low around the 10363.76 area.  Following the recent steady climb, upside progress was limited by the 100-hour simple moving average and 200-bar 4-hourly simple moving average.  One appreciating range that traders are closely watching is the recent appreciation from 10135.22 to 10956.11, with the 10545.67 area representing the 50% retracement and the 10642.53 area representing the 38.2% retracement.  One depreciating range that traders are also closely observing is the broader depreciation from 11179.90 to 10135.22, with...

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Israel looks to regard bitcoin as a currency in order to alter the countries high capital gains tax

Quick Take 1 minute read It seems that the country of Israel is considering making bitcoin a currency.  This is an interesting round of news that comes according to a new bill that was tabled by four members of the National‘s party in the nation Yisrael Beiteinu, which looks to regulate a better tax of digital prices in the country. It seems that the country of Israel is considering making bitcoin a currency. This is an interesting round of news that comes according to a new bill that was tabled by four members of the National‘s party in the nation,...

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