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Bitcoin (BTC) Closes Another Week Below 50 EMA Confirming Bearish Bias

Bitcoin (BTC) has just closed the week below its 50 week exponential moving average. This confirms our bearish bias and points to a major decline in the weeks ahead. As long as the price remains below the 50 week EMA, there is no reason to be bullish on Bitcoin (BTC). That being said, technical indicators on shorter time frames now present the possibility of short term movements to the upside before the weekly close. In other words, BTC/USD could rally towards $5,300 in the days ahead as the daily Stochastic RSI is now near oversold territory. The price remains heavily...

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Wild BTC Prediction by Analyst

Over the past few weeks, the crypto market has remained quite bullish with Bitcoin finally breaching the $5,000 mark and the rest of the market going up with it. With this, the crypto market has remained bullish over the last weeks and prompted it for a recent wave of optimism and happiness amongst traders, analysts and enthusiasts in general. With Bitcoin holding steady above $5k, experts are led to believe that the strength of the bearish market is losing influence and with a halving on he horizon, many think that the market is starting the next bull run. But where...

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French Life Insurance Contracts Now Include Bitcoin

A lot of us in the crypto community is always wondering when mainstream adoption will finally be attained. Some people will look to Japan or America in the hopes that it will get sparked but in reality, France is where you need to keep an eye on. French insurance companies can soon include cryptocurrencies in life insurance contracts, thanks to a vote by France’s National Assembly. Deputies overhauled the Insurance Code through the Pact Act, with Article 21 opening a door for life insurance contracts to invest in specialised professional funds (SPFs), whose investment parameters have been allegedly relaxed as...

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Elon Musk: “Cryptocurrency is my Safe Word”

The popular figure in pop culture, Elon Musk has once more expressed his faith in cryptocurrency and has dubbed it as his ‘safe word’. We all know how much of a believer that Musk is in cryptocurrency and his recent tweet prove that stance. Cryptocurrency is my safe word — Elon Musk (@elonmusk) 13 April 2019 Earlier in the year, he had stated that the cryptocurrency is the future of money and paper money is sure to go away, his public declaration of interest in buying cryptocurrency landed him in trouble at some point when he had his Twitter account...

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BitMEX CEO Believes BTC Could Reach $50,000 in Five Years

Over the past few days, the stability of the market has finally been found and currently, it is trading sideways. A few weeks ago, Bitcoin finally surpassed the $5,000 mark and since then, it has been fluctuating from a $5,100 to $5,250 price range. Now, the price is below the $5,200 and even though there have been a lot of attempts to get past this mark, it keeps on failing and falling back. Although this isn’t great, this isn’t a big loss for the bulls. As long as Bitcoin is above the $5,000, the market has a bullish outlook and...

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