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Is This A Good Time To Be Long On Bitcoin? 

Bitcoin is holding strong above the $9k level but a lot of traders that were previously bearish are now wondering what is going on. Some are doubting themselves and asking if the bulls had been right all along and they made a mistake. Well, we have been talking about a potential bull trap in Bitcoin for a long time in our video analyses. The fact that so many people are buying into the “halving bull run” narrative gave us more reason to think that the market makers and the whales would end up setting a trap to lure such traders...

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New region in Switzerland starts accepting Bitcoin as tax - Is it a good idea?

The city of Zermatt in Switzerland has started accepting Bitcoin and only Bitcoin as a legal means of paying off one’s taxes. Zermatt is the second region in Switzerland to make this change. The first one was the city of Zug back in 2017 and has been showing amazing results in terms of tax law compliance and the frequency of Bitcoin payments from the local community. Although it’s going to be extremely easy for the citizens themselves to pay their taxes with Bitcoin, it’s going to a bit more complicated in the backstages. To be exact, the city of Zermatt...

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The Coronavirus Has Nothing to Do With BTC - Mati Greenspan

Those who have been keeping up with the news will have heard of the Coronavirus which has become a very serious health concern in China. The Coronavirus is supposedly the cause of the bitcoin surging, according to some analyst commentators. There was a significant sideways movement last year for the leading cryptocurrency. It ended up going down the wrong end of the $8k however, this week it ended up coming back and going over the key resistance level of $9k. Whereas some expected this surge to come at some point, there were many others that believed it would never happen....

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Is Bitcoin (BTC) Ready To Shoot Past $10,000? 

Bitcoin (BTC) has shown some signs of strength lately and we have seen the price climb above $9k the past few days. This is not surprising because for weeks now we have been talking about a potential bull trap before the next major downtrend. The 1H chart for BTC/USD shows that the price is quite likely to end up testing $10k before it starts to decline. To the majority of the market, this is the beginning of a new bullish cycle. I am inclined to believe this is one of the biggest bull traps in years and we are likely...

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People Will Turn to Bitcoin When Inflation Starts

The United Kingdom, European Union, Japan, Sweden, Canada and Switzerland are all teaming up with the Bank of International Settlements. These CBDC’s are the talk of the town in the crypto world right now with a lot of controversy being at the centre of it. Earlier in January, the Bank of England revealed that central banks of the United Kingdom, European Union, Japan, Sweden, Canada and Switzerland are all teaming up with the Bank of International Settlements for joint research on central-bank digital currencies. These CBDC’s are the talk of the town in the crypto world right now with a...

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