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Bitcoin Isn’t Money, It’s A Protocol

Even though it’s still in its infancy, Bitcoin is a popular asset in the world of modern financing but the concept behind it is over a decade old. The double spending problem has been fixed meaning that it is possible to use a digital certificate to replace money and be sure that no one else can spend that certificate as long as you hold it. This is an unprecedented paradigm shift, the implication of which are not yet fully understood and for which the tools do not yet exist to fully take advantage of this emerging idea. This kind of...

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Bitcoin Surpassed $5k but Bloomberg Say Ignore It

It’s finally happened. Bitcoin has reached the $5,000 mark. After months of turmoil and the bears' grip on the industry, the price of Bitcoin is finally over the $5k key resistance level. It’s taken a while but there is finally some good things to happen for Bitcoin in the market. This is the highest level that the Bitcoin price has been all year but is it a sign of things to come Bloomberg’s thoughts The current level of more than $5k for Bitcoin is the first one after the Bitcoin rate collapsed in November last year following Bitcoin SV emerging...

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Strong Evidence Bitcoin (BTC) May Not Have Bottomed Yet

Bitcoin (BTC) has been following the 2014-15 cycle throughout the entire bear market. With every passing month, it becomes increasingly clear how closely the price is printing the exact same pattern it did during its previous cycle but with a few differences. If we compare the two cycles, we can see that the correction in the ongoing cycle is more extended compared to the previous cycle. In other words, every fractal of the current bearish cycle takes longer to form compared to that of the previous cycle. This difference is also visible when we compare the previous cycle with the...

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This Analyst Believes BTC Halving Could Push Price To $55,000

The upcoming Bitcoin 2020 halving could allegedly be the event that pushes the coin to new highs. In fact, some experts think that the halving could push the price up over $50,000. Just for those that don’t know, the halving could halve the block rewards from BTC mining. After the roller coaster experience that was 2017 and 2018, a lot of experts and analysts have raced to predict what is going to be the trigger for the next sustained bull market. One cryptocurrency analyst, PlanB has said that the Bitcoin block reward event has a lot of potential to bring...

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Sally Ho's Technical Analysis 4th April 2019

Bitcoin Bitcoin (BTC/USD) reached a key upside price objective early in the Asian session when 5265.70 was reached, representing the 50% retracement of the 7402.50 – 3128.89 range. Stops were triggered and pushed the pair as high as the 5345.00 figure before profit-taking knocked the pair lower to the 4787.11 level, just above the 4761.41 area, representing the 38.2% retracement of the same range. Today’s intraday high represents BTC/USD’s Highest level since 19 November 2018. Chartists are eyeing the 5403.82 level, representing the 61.8% retracement of the 6810.00 – 3128.89 range. Technical Support is expected around 4393.64/ 4137.46/ 3997.63 with...

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