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Bitcoin (BTC) Might Fall A Lot Harder Than Expected

There is a saying on Wall Street that bulls go up the stairs but bears go out the window. There is a lot of truth to it. If we look at the daily chart for BTC/USD we can see how the price struggled to rise towards the top of the descending channel but it took just one candle to erase the whole move. So, it takes a lot of time to build the confidence needed to help the price rally but it does not take much for the price to crash. We have seen that happen over and over again...

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What is the Long-Term Sustainability of Bitcoin?

These past two weeks have not been all that easy for bitcoin. The leading cryptocurrency’s fall from grace has been heavily reported on throughout the space with many experts calling for a massive plunge to $7k. The bears are calling  In just one fatal bearish sweep, all the hard work the bulls had performed over the summer was made redundant.  Several experts have given their opinion on what they think of bitcoin and where it’s going in the short-term. There are some who still have their faith in bitcoin though and of course, there are people who think the worst...

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Craig Wright Gives Speech Discussing Bitcoin SV & Privacy

The self-proclaimed Satoshi Nakamoto, Craig Wright continues on his quest to convince the rest of the crypto space that he is in fact, the creator of Bitcoin.  Wright recently attended the CoinGeek conference in Seoul, the capital of South Korea, and spoke on ‘The Power of Bitcoin SV Scaling’. Hundreds of speakers attended the conference but Wright ‘headlined’ the panel and speculated on new inventions that could be built on top of the dramatic Bitcoin Cash fork now called Satoshi’s Vision (SV). The host of the conference introduced the controversial computer programmer in a nice way saying: “I’m going to...

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Sally Ho's Technical Analysis 2 October 2019

Bitcoin Bitcoin (BTC/USD) continued to trade a key technical level early in today’s Asian session as traders reacted to the 8474.00 area, a level that represents the 23.6% retracement of the 10939.34 – 7712.45 range.  The pair topped out around the 8535.00 area during yesterday’s North American session after the pair’s upward trajectory became evident during yesterday’s Asian session when Bids emerged around the 8188.00 area, representing the 61.8% retracement of the move from 4702.53 – 13868.44.  The pair’s ascent yesterday saw BTC/USD test the 50-bar MA (4-hourly), the latest indication of its short-term strength as traders seek to reclaim...

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NEO Founder on Wanting to be Different from Bitcoin & Ethereum

Bitcoin might be the leading and top cryptocurrency however, that doesn’t mean it’s the best. There are several projects out there that have their own set of advantages over bitcoin for sure, and one of those projects is NEO. Naysayers of the project will bring their main argument to the table here saying that NEO is too centralised in both a political and internal sense.  As for right now though, the NEO Foundation and its subsidiaries are holding a great amount of power. And with great power, comes great responsibility… Since it was created, NEO has been leaning on the...

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