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Bitcoin (BTC) Could Still Rally Towards $6,000 But It Is Too Far From Its Bottom

Bitcoin (BTC) broke above the ascending triangle yesterday to stage a fake out that trapped most aggressive bulls that were ultimately forced out of their positions when BTC/USD started to nosedive. The price has declined more than 6% for the day and could now find some relief as bulls FOMO back into the market to buy the dips. The Stochastic RSI on the hourly chart is now heavily oversold as the RSI has declined to a trend line support which means there is a high probability that the bulls could take control from here. That being said, the price is...

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Visa Card Launched by Coinbase: BTC Mass Adoption Just Around the Corner

2019 is expected to be the year that will send cryptocurrencies to new highs and the journey towards mainstream adoption is well underway. A recent milestone has just been made towards just that. Coinbase has announced they are launching a Visa debit card, allowing users to easily spend their crypto assets, including Bitcoin, Ethereum, XRP and Litecoin. The leading US crypto exchange says the card is coming to the UK first and will let users pay with their digital assets directly. “Customers can use their card in millions of locations around the world, making payments through contactless, Chip and PIN,...

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Sally Ho's Technical Analysis 11th April

Bitcoin Bitcoin (BTC/USD) was under pressure early in today’s Asian session with the pair slumping to the 5289.24 level. Traders took the pair as high as the 5488.00 area during yesterday’s North American session before profit-taking took the pair to the 5213.06 level, just above the 76.4% retracement of the 5345.00 – 4778.00 range. Chartists are keeping their eyes on the 5175.79 and 5079.35 areas, representing short-term technical Support related to the 4670.69 – 5488.00 range. Stops are expected below the 5103.32 area, representing the 23.6% retracement of the 3858.00 – 5488.00 range. As noted again in our 10 April...

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What People Don't Understand About Full Bitcoin Nodes

At the recent 2019 Bitcoin Expo at MIT in Massachusetts, one of the panels was focused more on the future of adoption for Bitcoin and the Lightning Network. This panel featured the Zap wallet founder, Jack Mallers, Buidl Bootcamp Instructor Justin Moon and Lightning Power Users founder Pierre Rochard. In fact, at one point during the panel conversation, moderator Marcin Jachymiak of the MIT Bitcoin Club asked the panel for their thoughts on some of the misconceptions around running a full node. Hardware One misconception that Rochard brought up was to do with hardware requirements in terms of computer resources...

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Non-Crypto Related-Figure Takes Control Of BTC Lighting Torch

The campaign for Bitcoin adoption is still well underway as Bitcoin’s Lightning Torch takes a tour around the world, changing hands from one popular person to another. The founder of Locabitcoins, Jeremias Kangas held the torch and then handed it over to the former contestant for Miss Universe, Rosa-Maria Rytti. This is the second person outside of the crypto space to take control of the torch. History of the torch In January this year, the Lightning Torch relay began as just a stress test for Bitcoin’s new Lightning Network. The Lightning Network is an off-chain scalability function that will enable...

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