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Bitcoin Continues To Impress

Despite crumbling stock markets and world currency prices, Bitcoin continues to impress surging way above $11,000.00 at the time of writing. As it stands, Bitcoin sure is back on track to that much needed $20,000.00 benchmark.  Across the rest of the world, namely within traditional finance, stock markets are crumbling as political tensions continue to rise within a number of major economies. What all of this proves is that Bitcoin really is able to set its own trend and move away from the traditional financial markets on its own. It is also worth pointing out that during financial turmoil, many...

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Sending Bitcoin Into Space

You might want to keep your Bitcoin firm on the ground instead of sending it out into space but in a recent crypto project created by MediumSqueeze, they have chucked a proverbial message in a digital bottle into outer space which was paid for in the leading cryptocurrency. The Bitcoin enthusiast has taken advantage of the final frontier to help people around the world jump over the government and nations states to stay connected without the use of the internet. Users will be able to pay a fee in BTC to send messages through satellites which are operated by Blockstream....

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What Happens When Bitcoin Hits $20K Part 2?

Earlier today we started a discussion on what we think might happen when Bitcoin hits $20,000.00 again, to recap: “Given the recent success of Bitcoin and based on the fact that we are all feeling very excited at Crypto Daily at the moment, we want to explore what might happen when Bitcoin (if Bitcoin) hits $20,000.00 again in the coming months. In case you need a refresher, $20,000.00 is seen as the ultimate target for the value of Bitcoin because this is Bitcoin’s historical all time high. A couple of years ago around the christmas period, the markets entered a...

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What Happens When Bitcoin Hits $20K Part 1?

Given the recent success of Bitcoin and based on the fact that we are all feeling very excited at Crypto Daily at the moment, we want to explore what might happen when Bitcoin (if Bitcoin) hits $20,000.00 again in the coming months. In case you need a refresher, $20,000.00 is seen as the ultimate target for the value of Bitcoin because this is Bitcoin’s historical all time high. A couple of years ago around the christmas period, the markets entered a huge bull run, it was this bull run that helped push Bitcoin to the top, and also helped Bitcoin...

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Bitcoin (BTC) Still On Track To Bottom Between $1,200-$1,800 By June 2020

Bitcoin (BTC) is ready to crash hard soon as it breaks below the fib circle that the price is trading close to. On smaller time frames, we can see that the price is in fact trading within a large descending triangle which is very likely to break to the downside and trigger the next downtrend. For seven weeks now, BTC/USD has been consistently trying to break past the 38.2% fib extension level but it has failed miserably. This shows us that the price is not ready to break above $12k as there are a lot of seller eager to sell...

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