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Bitcoin (BTC) Makes Another Big Move But Sustained Growth Is Lacking 

Bitcoin (BTC) made another big move to the upside today that pushed the price to a new yearly high. We can see on the 4H chart for BTC/USD though that sustained growth is lacking. It is mostly a pump followed by sideways consolidation and then another pump. We are now likely to see a downtrend follow from here but so far BTC/USD remains above the 61.8% fib level. In case of a decline, we would be looking at strong break below this level which will result in a decline down to the key trend line support.  For months now, this...

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Regulation on Bitcoin Across the Globe - Will it End Well?

In many countries across the globe, cryptocurrency has been somewhat of a grey area with regulation being at the forefront.  But now we have another log to put on that calmly stoked fire, and that is the taxation of crypto. In many countries across the globe, cryptocurrency has been somewhat of a grey area with regulation being at the forefront. But now we have another log to put on that calmly stoked fire, and that is the taxation of crypto. The reason for this being such a grey area is that most people who make the laws don’t even know...

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Do OTC Brokers Have a Hand in Exchanges Receiving Illegal Bitcoin?

In a new report from Chainalysis, research makes the claims that all of the leading platforms in the crypto space have received illicit Bitcoin. According to the research, almost $3 billion in illegal Bitcoin were tracked down to crypto platforms over the course of the last year. Around 300k accounts have been found at such platforms to have received the leading cryptocurrency. In a new report from Chainalysis, research makes the claims that all of the leading platforms in the crypto space, including Binance and Huobi, have received illicit Bitcoin with the aforementioned platforms leading the pack compared to the...

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ECB Determined To Play Active Role In Crypto. Will Let Private Solutions Do Their Thing

Christine Lagarde, head of the European Central Bank (ECB) has clarified that the bank will play a proactive role as regards cryptocurrencies. This comes as the ECB is hard at work on a digital currency of its own, and finetunes what might well be the most innovative instant payment system on the globe.  Lagarde made clear that “central bank initiatives should neither discourage nor crowd out private market-led solutions for fast and efficient retail payments in the Euro area.”   ECB Intends Playing A Significant Role In a recent interview with “Challenges" magazine, the ECB head waxed lyrical as regards...

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Sally Ho's Technical Analysis 17 January 2020 BTC ETH

Bitcoin Bitcoin (BTC/USD) was little changed early in today’s Asian session as the pair traded as high as the 8702.27 area after trading as low as the 8580.00 area during yesterday’s Asian session.  Traders have recently pushed the pair above the psychologically-important 8500 figure and are looking to see if the pair can remain above this area.  BTC/USD recently traded as high as the 8900.00 area, just below the 8909.35 area that represents an upside price objective related to the recent appreciation from the 7671.00 area. Similarly, the 8919.54 and 8923.86 levels are important areas that the market recently lacked...

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