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Bitcoin vs The World

Banks have built their entire wealth from the ability to lend Money Bitcoin is currently facing a battle against the mainstream There’s something very sweet about the idea of Bitcoin adoption. Imagine a utopian universe in which your boss pays you in Bitcoin. You can then use that Bitcoin to pay your bills, go to the shops, by a drink, save money, fuel your car and use it in exactly the same way we use FIAT currency today. The problem with FIAT currency is that when we receive our payment, it’s handled by a bank, a middleman that has a...

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Why Bitcoin (BTC) Can Fall Below $3,000

Bitcoin continues to trade above $7,000 for now despite the recent bearishness in the market. Investors are still wondering where the floor is. We have seen the price crash massively in the past few days but any bullish reversal has yet to be seen. The price is trading at the bottom of a descending channel that was briefly breached but the price soon bounced back above the trend line support. Now that BTC/USD has closed below the 100 Week EMA, there is a risk of the price declining below the descending channel without seeing any significant upside short term.  The...

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China Could Have Been Behind Bitcoin Price Crash

Bitcoin fell to its six-month low just above $6500 according to CoinMarketCap. Several analysts are pointing the finger at the mass sell-off being behind the latest downward pressure. Many have claimed the most recent activity on the strict guidelines on blockchain from China was what caused the crash. At the start of this week, and after two intense price drops in less than a week, Bitcoin fell to its six-month low just above $6500 according to CoinMarketCap. Now, priced at $7,147 at the time of writing, the leading cryptocurrency is on it’s way back to safety. But what caused it?...

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Could BTC Reach $10k Again Before 2020?

PlanB suggested earlier this week that BTC/USD could easily move back to the $10k range before the start of next year. “Call me crazy, but it wouldn't surprise me if BTC closes 2019 at $10k+...” Such a massive surge would mean the flagship currency would have to rise by at least 40%. Seeing the leading cryptocurrency heading back over the $10k mark in December may feel like a ship that’s long gone. But according to the creator of one of the most accurate BTC price models, you shouldn’t be surprised if it does. PlanB, the Twitter analyst known for his...

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Volatility Index (VIX) Hints At Next Big Move In Bitcoin (BTC)

The Volatility Index (VIX) has historically been a good indicator of big moves in the cryptocurrency market. The daily chart for the index shows that around the last three major peaks, we have seen big moves in Bitcoin (BTC) mostly trend reversals. It has now declined down to a level where another peak could soon be expected. This time, it is likely to correspond to a sharp decline in the cryptocurrency market. Bitcoin (BTC) has been attempting to break past the 5 day exponential moving average but so far it has failed. The price remains at risk of further downside...

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