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Bitcoin (BTC) Shorts Beginning To Pile Up As Bulls Remain Overly Cautious

Bitcoin (BTC) is once again at the mercy of overly cautious bulls after a recent pump that pushed the price close to $4,000. BTC/USD currently seems to be painting what can be characterized as a bull flag, but it could just as easily become a double top and result in a flash crash to the trend line support once again. The reason this could happen is because the bulls are too afraid to step up. Yesterday’s pump was more of an orchestrated attempt on part of the whales to get the bulls back in the game. However, it does not...

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Lightning Developer Discusses How BTC Will Take Over the World

After Bitcoin was first brought in to the world through Satoshi Nakamoto, the world of finance changed. He/she/them aimed to remove the power and regulations that governments had over the public money and was instead to be brought back into the hands of the user. Ever since the day Bitcoin was introduced, it seems to have taken on a life of its own and shows a lot more potential than Nakamoto could have ever realised. The leading cryptocurrency is disrupting the financial world, the technology and is predicted to reach a value of $100,000 up to millions. In addition to...

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Ernst & Young Announce New Bitcoin Tool

Professional Services firm Ernst & Young (EY) have announced the launch of a new tool designed to help people with their cryptocurrency tax filing. This comes as we approach international tax deadlines which will mean that investors worldwide will need to start accounting for their Bitcoin and cryptocurrency earnings if they live in an area that requires investors to pay tax on their cryptocurrency. The tool, called the EY Crypto-Asset Accounting and Tax Tool (CAAT) has been designed to allow for a seamless accounting experience that makes it easy for investors to calculate how much tax they owe for their...

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Could BTC Reach $1 Million By 2021?

If there’s one thing that crypto enthusiasts want it’s for Bitcoin to surge. But not just to $20,000, I mean, we’ve seen that already. No, what the majority want is for Bitcoin to reach seven figures, imagine it, not only would thousands of investors making enormous gains but the mainstream adoption that would come with would be phenomenal. Jesse Lund is the VP of blockchain and cryptocurrencies for the American multinational conglomerate based in New York and is one of the most recent industry experts to proclaim that the Bitcoin price could hit seven figures. Speaking with Finder, Lund said,...

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Bitcoin (BTC) Finally Ready For A Rally Past $4,000 As Bulls Step Up

Bitcoin (BTC) bulls have finally stepped up to give the market direction. Until recently, both the bulls and bears were confused as to who is really in control. The bears expect the price to come down but they expect a rally past $4,000 first. As for the bulls, the majority is confident that BTC/USD has already bottomed and the price is only going to rise from current levels. The daily chart for BTCUSDShorts shows that the number of margined shorts has once again declined to a critical support. If this support is broken, it is likely that the next support...

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