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Bitcoin: A Year In Review

The very first article we posted in 2018 was titled 5 Blockchain Prediction For 2018 and for our first prediction, we said it would be chaotic and that the chaos from 2017 would be sticking around for a bit longer. How right we were. Not just for blockchain but for the cryptocurrency market as a whole. At the end of last year, we saw Bitcoin reach highs of nearly $20,000 and then we saw it quickly plunge, then it rose again and since then it has been slowly tumbling down with only a few signs of false hope where Bitcoin...

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Bitcoin (BTC)’s Next Move Hinges On EUR/USD Outlook for Next Week

Bitcoin (BTC) appears all set to rally with the beginning of a new year but there is one little catch. The price action of Bitcoin (BTC) is largely dependent on the future outlook of EUR/USD. During times of uncertainty, this is exactly what happens. Bitcoin (BTC) is still a highly speculative asset in an emerging market. Its movement during critical points is for the most part a reaction of the price of EUR/USD. We have observed this correlation many a time in the past and it is quite natural to expect. The price of Bitcoin (BTC) is paired to US...

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2018, The Year Of The Eco-Bitcoin Awakening

2018 has been a very exciting year for Bitcoin and Bitcoin adoption. With this new drive towards allowing Bitcoin to become a part of the mainstream world, we have seen a surge in eco-consciousness among the crypto and blockchain community. Simply put, as more people learn about Bitcoin and buy into it, more people end up reading about the major side effect of Bitcoin - it’s carbon footprint. It’s no secret that Bitcoin and mineable cryptocurrencies are bad for the planet. Yes, they are great for society, but in terms of the longevity of planet earth, the process of Bitcoin...

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Comparing Figures? Where To Find The Best Bitcoin Trends

Keeping up to date with the crypto markets is often an impossible task. Because cryptocurrencies are volatile, actually trying to keep up with bouncing values is difficult and often time consuming. Though, as sensible investors we need to ensure we are all up to date with the latest price movements for two reasons; Firstly, sudden prices changes will directly influence our portfolios and the value of our assets, so, if we don’t keep an eye on the markets, there’s no way of us knowing exactly how much our investments are worth at any given time. Secondly, we need to plan...

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Bitcoin (BTC) On Track For A Steady Climb Past $5,200

Bitcoin (BTC) is on track for a steady climb past $5,200 having already broken past the 21 Day EMA. The last time it did that, we saw BTC/USD testing the top of the descending channel. The fractal from June 2018 shows that Bitcoin (BTC) ended up shooting towards the top of the channel and tested the 61.8% Fibonacci retracement level before falling back into the channel. It is interesting to note here that during the previous rally, BTC/USD was not as overbought as it currently is. However, it still could not gather the strength to climb to the top of the...

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