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Huge Wave Of Bitcoin Adoption In South America

Bitcoin Adoption is on the rise in South America Shows a great way how a Crypto Exchange can work South American countries have recently seen a huge wave of Bitcoin adoption and increased access to cryptocurrencies through a new partnership between a major South American banking firm and the Bitex cryptocurrency exchange. According to Coindesk: “A leading bank technology provider in Latin America is partnering with cryptocurrency exchange Bitex to facilitate cross-border payments over the bitcoin blockchain. Bantotal is a core banking service provider based in Uruguay that services over 60 different financial institutions across 14 different countries. According to...

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BTC/USD Tests 6949.09 Level and Comes Off: Sally Ho's Technical Analysis 12 April 2020 BTC

Bitcoin (BTC/USD) extended recent weakness early in today’s Asian session as the pair continued to fade below the psychologically-important 7000 figure after trading as high as the 6955 area during yesterday’s Asian session.  Notably, this level was just above the 6949.09 area, a level that represents the 50% retracement of the depreciation from 7292.11 to 6606.06, and the next downside price objective in this range is the 6767.97 area.   The failure of BTC/USD to close above this level is likely indicative of more weakness ahead.  Some Stops were elected below the 6831.05 area during yesterday’s North American session, an area...

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BnkToTheFuture CEO on COVID-19: this is a global reset for finance

Simon Dixon is a believer that bitcoin will be the only exit from the international reset of finance This will give central banks the ability to destroy itself and potentially the whole banking system.  Dixon gave his views during the latest episode of the Keiser report.  He discussed the pandemic of the coronavirus and its impact on the financial world.  The CEO of the crypto funding platform BnkToTheFuture, Simon Dixon is a believer that bitcoin will be the only exit from the international resets of finance which will give central banks the ability to destroy itself and potentially the whole...

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Could miner capitulation see bitcoin fall?

One crypto commentator has pointed out that BTC can still hit the floor even though it’s bullish momentum may say otherwise… The analyst in question, @mansasuma believes that this would be as a result of miner capitulation which is happening right now. Despite the recent surge in price for the leading crypto coin, one crypto commentator has pointed out that BTC can still hit the floor even though it’s bullish momentum may say otherwise… The analyst in question, @mansasuma believes that this would be as a result of miner capitulation which is happening right now. Capitulation Is what happens in...

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BTC/USD Tests Key 6846.74 Level: Sally Ho's Technical Analysis 11 April 2020 BTC

Bitcoin (BTC/USD) continued to consolidate early in today’s Asian session as the pair remained pressured below the psychologically-important 7000 figure after selling pressure knocked the pair lower from the 7323.55 level during yesterday’s Asian session.  A number of larger Stops were elected around key levels, including the 7073.50, 6980.87, and 6866.26 areas, representing the 50%, 61.8%, and 76.4% retracements of the appreciation from 6681.00 to 7466.00.  Larger Stops were executed below the 7081.51 area, representing the 23.6% retracement of the appreciation from 5853.00 to 7461.00.  Notably, buying pressure emerged during yesterday’s European session just above the 38.2% retracement of the...

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