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Here’s Why The Bear Market WON’T Last Forever

Ever since Bitcoin started its fall around this time last year, many of those who are sceptical to the leading cryptocurrency claimed that Bitcoin is on the right path to failure. In fact, there are worries that Bitcoin is currently in one of its final stages before finishing forever. There were several crypto enthusiasts that debunked the so-called fear, uncertainty and doubt, with Andreas Antonopoulos (Let’s Talk Bitcoin podcast) being one them. There are some sceptics that are confident that Bitcoin and the rest of the market will eventually sink to the zero mark. At the recent World Economic Forum...

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Bitcoin (BTC) Continues To Look For Direction As Bulls Fail To Take Control

Bitcoin (BTC) has been trading in a very predictable manner for the most part of the ongoing bear trend. There have been times when the price made sudden unpredictable moves that had far reaching consequences, but most of such periods were neither bullish nor bearish. In fact, a case could be made for both bullish and bearish setups around those points. However, most of the time the trading patterns for BTC/USD were pretty straightforward. For instance, when the price would enter a rising wedge, it would break to the downside most of the time and when it would enter a...

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Bitcoin Deemed As Legal Tender By Florida Court

Earlier this week, Florida’s Third District Court of Appeal ruled for Bitcoin to qualify as money in a case that turned on whether the digital currency is the driver for financial crime. According to ZyCrypto: “The appellate court’s opinion reverses Miami-Dade Circuit Court Judge Teresa Pooler’s 2016 finding that digital or cryptocurrency could not be considered money under Florida law. The case in question concerned Miami Beach resident Michell Espinoza, charged with two counts of money laundering and acting as an unauthorized money transmitter operating a digital currency-trading website, LocalBitcoins.com.’’ Although Judge Pooler’s ruling had dismissed the charges against Espinoza,...

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Divorce & Bitcoin: Does Decentralisation Make An Impact

Even though Bitcoin and altcoins have a prominent year in terms of news coverage and price, there is a dark side to cryptocurrency. Although I suppose that it isn’t directly Bitcoins dark side but more of a, ‘what happens when we get divorced’ side to it… let me explain. So when a married couple no longer wants to be together, they will typically get a divorce but divorcing partners are continuously hiding their wealth by investing in Bitcoin as well as other cryptocurrencies. So what happens when you go through the divorce proceedings and find that your other half has...

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Bitcoin (BTC) Poised For A Break Above $4,000 In The Weeks Ahead

There is a high probability that Bitcoin (BTC) has already put in a bottom. However, the bear market is far from over yet and the price may take some time to break and remain above the 21 Week EMA in order to formally begin a new bullish cycle. Even if we refuse to believe that this is the bottom, the daily inverted chart for BTC/USD clearly shows that the price has run out of room for further movement inside the rising wedge seen on the inverted chart. So, if the price has to fall further, it will first have to...

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