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Why Bitcoin (BTC) Might Take Retail Bears By Surprise

Bitcoin (BTC) bulls are not backing down just yet. In fact, to the very contrary they might enjoy another wave of optimism as the price takes retail bears by surprise. So far, we can see BTC/USD trading close to the bottom of the falling wedge with the potential to fall further but the large falling wedge that we see on the 1H chart is also quite likely to come to fruition sooner rather than later. In case of a successful breakout, we might be looking at a near term price target of $7,214. It could get extended well beyond that...

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Yale Professors Positive On Bitcoin - A Valuable Addition To Your Portfolio

One of the things that have been cutting off Bitcoin’s growth over the past year or so is mainstream adoption or the lack thereof.  Some professors are pushing forward the movement for all crypto investors to allocate Bitcoin to their investment portfolios. The two professors go onto highlight that the value forecast for Bitcoin and other major altcoins have the potential to be quite powerful. One of the things that have been cutting off Bitcoin’s growth over the past year or so is mainstream adoption or the lack thereof. We were so close to it in 2017 but since the...

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Bitcoin’s Second Coming, Is 2020 The Year?

“Investors are staying put despite being at a loss,” due to there being fewer transactions since earlier this year. That’s according to  Glassnode, the crypto analytics company based in Berlin. Support has been shown for the Glassnode data by many commentators including BitInfo Charts It is indicated that the Bitcoin unrealised transaction output means “investors are staying put despite being at a loss,” due to there being fewer transactions since earlier this year when the price of the leading cryptocurrency hit $14k and has since slumped down to the $7k range. At least, that’s according to Glassnode, the crypto analytics...

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RRMine’s Bitcoin Mining Model Shows Legitimacy And Profitability With Minimal Risk

While buying Bitcoin on an exchange has historically been the easiest way to acquire it and other cryptocurrencies, others have explored other methods to acquire digital assets at a better rate of return. When Bitcoin was initially conceived by Satoshi, mining Bitcoin from your PC’s CPU/GPU was quite inexpensive; enough so that someone was willing to exchange 10,000 Bitcoins mined for just two large Papa John’s pizzas in 2010. While those Bitcoins were collectively worth only $30 at the time, the crypto’s meteoric rise in value today would have them worth over $80 million. The face of Bitcoin mining has...

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Sally Ho's Technical Analysis 16 December 2019 BTC ETH

Bitcoin Bitcoin (BTC/USD) weakened early in today’s Asian session as the pair traded as low as the 7052.66 area following a steady decline from the 7220.01 area during Sunday’s European session.  Bearish sentiment intensified over the weekend as renewed selling pressure emerged and pushed the pair below some technical Support levels.  Bids around the 7223.25 level ceded ground to BTC/USD Bears again, knocking the pair lower to just above the psychologically-important 7000 figure.  During the push lower, selling pressure also became elevated after Stops were elected below the 7084.98 area, representing the 23.6% retracement of the move from 19891.99 to...

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