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BTC/USD Eyes 6800 Level in Early Asian Trading: Sally Ho's Technical Analysis 27 March 2020 BTC

Bitcoin (BTC/USD) remained confined to a tight range early in today’s Asian session as the pair traded as low as the 6520.13 level during yesterday’s North American session after trading as high as the 6795.00 area during yesterday’s Asian session.  The pair has recently appreciated after trading as low as the 3858.00 level on 13 March, with traders curious when the market will exhibit the strength to once again cross the psychologically-important 7000 figure.  Traders have recently tested the level twice recently, pushing the pair as high as the 6990 and 6983 levels in recent trading sessions.  Some additional Stops...

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Bitcoin is Bad for the Environment… or is it?

The massive energy costs that miners are burdened with for Bitcoin have been worrying many in the crypto community. The main headline that a lot of people use, is something like ‘bitcoin mining is killing the planet’. But there are many misconceptions of bitcoin out there... The massive energy costs that miners are burdened with for Bitcoin have been worrying many in the crypto community, especially in light of the fact that several people outside of the community have aimed a lot of negativity towards to the industry. The main headline that a lot of people use, is something like...

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How to Limit Your Environmental Impact When it Comes to Bitcoin Mining

Bitcoin is not tied to a bank or government and has significantly increased in value for the last few years.  It has been estimated that more than 60 percent of the processing power used to mine Bitcoin is in China Bitcoin has been in the news massively these past two years after hitting its an all-time high-value of $20k. Since then, we’ve seen fluctuation, bouts of volatility, price crashes, rises and more but in the end, Bitcoin has only grown since its introduction in 2009. It is the biggest and most popular cryptocurrency there is out there and such growth...

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Bitcoin Remains In Bearish Territory

Bitcoin remains in bearish territory. Recent attempts to save the price have been futile. As the Coronavirus situation worsens, we are seeing more and more pressure being put on markets. Bitcoin is not immune to such pressures and we have previously seen that sooner or later it leads to a major decline in the markets. The most probable scenario here would be for BTC/USD to decline by the end of the month. This would most likely coincide with a similar decline in the stock market. For now, it is not clear what kind of a decline we might be looking...

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The White House announced an emergency stimulus package for the United States, is this why bitcoin is better than Fiat?

Earlier this week, an emergency stimulus package was revealed by the White House to give the economy some leeway against the coronavirus pandemic.  The top economic advisor to the White House said this package is expected to come to an estimated $6 trillion. Earlier this week on the 24th of March, an emergency stimulus package was revealed by the White House in order to give the United States economy some leeway against the coronavirus pandemic. The top economic advisor to the White House, Larry Kudlow, said this package is expected to come to an estimated $6 trillion. Looking back in...

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