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Chinese crypto miners anticipating new bitcoin buyers following the halving

According to a poll conducted this week, 57% of Chinese miners are expecting a huge influx of new buyers for bitcoin in the near future. The crypto services company claimed to have polled around 42 prominent bitcoin miners and members of the Asian mining community. According to a poll conducted by RockX earlier this week, 57% of Chinese miners are expecting a huge influx of new buyers for bitcoin in the near future and over the next six months.  The cryptocurrency services company claimed to have polled around 42 prominent bitcoin miners and members of the Asian mining community. Over...

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Is the price of BTC to Low?

Even though it is currently priced above the $9000 level, many enthusiasts believe that the price of bitcoin is lower than it should be.  This is according to a Twitter poll posted by the CEO of Binance. Even though it is currently priced above the $9000 key resistance level, many crypto enthusiasts in the industry believe that the price of bitcoin is lower than it should be. This is according to a Twitter poll posted by the CEO of the Binance platform, CZ. Taking to Twitter at the start of the month, the CEO asked his followers whether the price...

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How history will remember COVID-19 and bitcoin in the years to come

With the halving just around the corner, many people in the community are highly anticipating what the future will hold for the leading crypto.  The coronavirus has opened up our eyes to how social interactions play such a major role in our day-to-day life. An article was written by Christopher Haruna Hamman this week which looked into what the future of crypto and the blockchain industry could look like in five years time. The article got me thinking about this year and everything that’s going on with the coronavirus crisis and how that will impact the years to come.  With...

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BTC/USD Bids at 8533 Rescue After 8683 Given: Sally Ho's Technical Analysis 5 May 2020 - BTC

Bitcoin (BTC/USD) continued its rangebound trading patterns early in today’s Asian session as the pair continued to orbit the psychologically-important 9000 figure after trading as low as the 8533.98 area during yesterday’s European session, right around the 8537.05 level that represents an upside price objective related to buying pressure that originated around the 3858.00 area in March.  Stops were reached below the 8659.91 level during the move lower, an area that represents the 23.6% retracement of the recent depreciation from 9478.66 to 8407.00.  Bids later emerged around the 8659.91 area during yesterday’s North American session, signaling the short-term technical significance...

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Bitcoin Bulls Need To Defend $8.5k

Bitcoin has just seen a massive decline below $9k. The price is now trading well below its swing high of $9.5k and is expected to see further downside if the bulls fail to regain control. So far, the probability of a decline lower is much higher if the pattern of lowers highs and lowers lows continues on lower time frames. The long-term trend for BTC/USD also remains bearish but the mid term trend is bullish. The bulls could still come to the rescue and push the price higher but it doesn’t appear likely so far. The halving dream seems to...

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