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Will You Ever Buy Lunch With Bitcoin?

At first, there was a lot of sceptics when it came to Bitcoin. A lot of people claimed that the digital asset was a ‘fraud’ or just some kind of wacky money for the internet. No matter what you think Bitcoin you can’t deny that it has played thousands of ideological and practical roles. Even so, the single biggest argument in the Bitcoin community is over what day to day purpose the leading cryptocurrency could actually serve. There are some enthusiasts that believe Bitcoin is a kind of ‘digital gold’ that should be held onto as a long-term investment. Then...

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Bitcoin (BTC) Poised For A Big Rally Past $4,000 As Bulls Regain Control

Bitcoin (BTC) is ready to shoot strongly above the $4,000 mark as price faces oversold conditions short term. The 4H chart for BTC/USD shows that the price still has to rally towards the 38.2% Fibonacci retracement level before a potential rejection. If the price does not stop there, we could see it rally all the way towards the 61.8% Fib level to rise above $5,000. The price is also trading in an ascending channel which is part of a major bear flag that will eventually result in BTC/USD falling towards another low in the weeks ahead. As BTC/USD closed last...

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Switzerland Jump On BTC Adoption As Bitcoin Payments Become Reality

In a big milestone for Bitcoin adoption, the Swiss, Digitec-Galaxus is now accepting Bitcoin and other select cryptocurrencies as a means of payment for its customer base. For those that don’t know, Digitec-Galaxus is often seen as the Amazon of Switzerland and is one of the biggest online retailers in the nation. The firm was founded in 2001 and operates the Digitec and Galaxus online shops as well as ten stores in other parts of Switzerland. Swiss customers of Digitec and Galaxus will now be able to pay with Bitcoin when shopping online. As well as Bitcoin, other altcoins will...

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Sally Ho's Technical Analysis 19th March 2019

BTC/USD (Bitcoin/ US dollar) Bitcoin (BTC/USD) renewed recent strength through the early part of today’s Asian session, lifting from the 3937.69 level to the 3982.00 area. The pair had plateaued around the 4015.70 level in Monday’s sessions after testing the 4037.47 area during the weekend’s sessions. Today’s intraday High is just below the 3984.88 level, representing the 61.8% retracement of the recent move from 4188.79 to 3655.00. The level coincides with the 3985.90 level, representing the 61.8% retracement of the recent dive from 4015.70 to 3937.69. Related technical Resistance is expected around the 3997.29/ 3998.82 levels with further Selling pressure...

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Bitcoin Activity Is Still Flying High

Although the price of Bitcoin has remained flat for a long time now, it seems that activity and interest in Bitcoin continues to rise, suggesting that despite the current low prices, people are still interested in Bitcoin and blockchain technologies. At the time of writing, Bitcoin sits just over $4,000.00, way off the all time high of $20,000.00 that most investors are still holding out for. Over the past eight weeks, we have seen huge spikes in the volume of active addresses within the Bitcoin network, meaning that over this time there seems to have been a recent surge in...

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