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Bitcoin (BTC) Bears Ready To Take Control After Months Of Indecision

Bitcoin (BTC) bears seem to be in a position of control once again after a long period of indecision. The daily chart for BTCUSDShorts shows that the number of margined shorts started to decline towards the end of last year. The price made a bullish recovery during that time and the bears were quick to lose sight of the big picture. Currently, BTCUSDShorts is resting on a strong trend line support and is expected to begin a new uptrend as early as next week. It is important to note though that Bitcoin (BTC) is now overbought short term (4H) and...

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Sally Ho's Technical Analysis 14 April 2019

Bitcoin (BTC/USD) continued to orbit a key technical level during the Asian session today, with the pair dancing around the 5079.35 level, representing the 50% retracement of the move from 4670.69 to 5488.00. As with many assets in the cryptocurrency complex, BTC/USD fell sharply during yesterday’s European session with no discernible technical explanation as to why.The 5125.85 has also remained toppish since 11 April, representing the 38.2% retracement of the 5488.00 – 4901.99 range as noted in our 13 April 2019 analysis. The 50-bar MA (4-hourly) has also prevented BTC/USD from drifting too far above. During the past day, price...

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Bithumb Exchange Subject To ANOTHER Hack

Last month, the popular crypto exchange Bithumb was hacked and they have reported a $180 million loss on the matter. Following the hack, the exchange asked users to always be careful about deposits but Bithumb is now suffering from reduced actual volume and a bear market in cryptocurrencies according to a local news source. The crypto space hasn’t been kind over this past year. Things haven’t gone well with Bitcoin crashing below $3,500 in November last year and when it comes to Bithumb, things are no different. Nine months ago, twice as much went missing and a report later surfaced...

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Bitcoin (BTC) Appears Determined To Test $6,000 Before Its Next Major Decline

Bitcoin (BTC) has declined significantly in the past few days and the price is temporarily oversold on shorter time frames now. However, the big picture remains intact and BTC/USD will see a major decline in the weeks ahead. That being said, the manner in which the price has declined in the past 48 hours shows that it is preparing for a final move to the upside. The price is currently consolidating above a strong support as shown by the VPVR profile. This could pave the way for a rise towards $6,000 before Bitcoin (BTC) declines further. As long as the...

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How Croatia Is Pushing BTC Adoption

Bitcoin’s adoption rate is on the rise, granted it is a slow process. Europe isn't hiding away from cryptocurrency with Croatia and Slovenia seeing waves of use cases. Several retail shops are implementing crypto-centric payment applications within their services and offer a big variety of support coins. The crypto payments app, Elipay has seen an influx of increased adoption and the application supports Bitcoin, Bitcoin Cash and Ethereum. As well as the native token for the platform, ELI. The company behind Elipay is Eligma which has gone on to say, “we have reached another Elipay milestone this week – 300...

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