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Byte Tree Study Believes a $1 Trillion Market Cap for BTC Is Very Possible

According to a recent study by Byte Tree, it is very much possible for the market cap of the leading cryptocurrency to reach $1 trillion by 2025 which was encouraged by the wealth creation of bitcoin as further institutions get involved with crypto. Bullish action When you take into consideration that this past week has seen the bitcoin price mostly in the green and seems to be reacting to positive news related to the increment of institutional involvement, it shouldn’t come as much of a surprise for this study being so confident in bitcoin hitting the $1 trillion market cap...

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Binance Spreads Its Wings Into America - Branch Opening Soon

Changpeng Zhao, the well-known CEO of the massively popular Binance platform has recently just revealed his plans to open a new branch of the firm in the United States. This is a huge feat for the firm and will also mark the first Binance exchange set up in the country. Whereas no exact date has been revealed for when the branch will launch, Binance has revealed that it will be over the next few weeks. It isn’t yet known about how many states will benefit from the new exchange however, binance says it's still in the works and that it...

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Bitcoin (BTC) Unmoved By Short Lived Pumps

Bitcoin (BTC) has started its decline after a fake move to the upside. When it happened, I pointed out that it was just short lived manipulation aimed at shaking out the bears before the major decline kicks in. This was not the first time it happened and it surely won’t be the last. Before every major turning point in the market, market makers try to scare off traders on both sides and keep them as confused as possible. As we can see on the BTC/USD chart, they ended up shaking out the bears as well as the bulls around that...

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Sally Ho's Technical Analysis 10 September 2019

Bitcoin Bitcoin (BTC/USD) gained a small amount of ground early in today’s Asian session as the pair climbed higher to the 10389.26 area, stopping just short of again testing the 50-bar MA (4-hourly), currently indicating around the 10421.34 area.  The 50-bar MA (4-hourly) and the 200-bar MA (4-hourly) are converging and if the 50-bar MA (4-hourly) crosses above, it could represent Bullish price activity ahead.  During yesterday’s European session, the pair stopped just short of testing the 10046.06 area, representing the 23.6% retracement of the 13202.63 – 9071.00 range. After this move lower yesterday, the pair quickly escalated to multi-session...

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Big Industries Looking To Make The Most Out Of Bitcoin

The prices of Bitcoin and the rest of the cryptocurrency market are settling down at the wrong end of the market after the sudden surge in the late months of 2017. Despite the drop of cryptocurrencies, the technology behind them is still used in many applications with thousands of cryptocurrencies listed on cryptocurrency supported exchanges. Even though many have different uses now, most of them are being used as payment solutions. There are some big industry players in the crypto space which are looking to make the most of Bitcoin and altcoins for the development of payment gateways and platforms...

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