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Bitcoin (BTC) Yet To Reach Bottom Of Descending Channel

Bitcoin (BTC) is about to complete a yearlong correction which has put a lot of things in perspective. It is now clear that BTC/USD was trading in a descending channel the whole time. Bitcoin (BTC) tested the top of this channel for the first time in October. It kept testing it in November and then finally continued to drop back into the channel after facing a strong rejection. This rejection was significant because it pushed the price below the 21 Week EMA. Currently, the price seems to be at the bottom of this descending channel but it has yet to...

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Is Now The Best Time To Buy Bitcoin?

With the leading cryptocurrency dropping to yearly lows that were just nightmares months ago, there are some analysts and crypto enthusiasts which have taken to social media to let members of the crypto community know that they should load up on the crypto asset before it goes up in price again. Some of these thoughts have got more reliability in them such as Martin Weiss and WeissCryptocurrencyRatings which are usually trusted throughout the community. The research company and Weiss have been known for being a trusted body for years now and many investors put their trust in them when it...

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Hackers Power Through Despite Bitcoin Crash

A report published yesterday by ZDNet indicates that hackers have gone in hard in their attempts to hack into internet exposed Ethereum wallets and mining equipment. Despite the crash in the market, sending Bitcoin below $3,500, hackers are still scanning for crypto equipment with port 8545. The port 8545 is the standard port for many Ethereum wallets and devices used for mining. The port serves as the standard port for a programmatic API, JSON-RPC interface used by local services and apps to bring in cryptocurrency mining and related information. The aforementioned API should only be exposed locally but with some...

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Bitcoin Mining Heavily Affected By Bear Market

The current market has been ruthless on many investors recently. The leading cryptocurrency, Bitcoin is currently trading just above the $3,400 region by just five dollars at the current time of writing. So yes, you could say that people have been affected by this rut that the market is experiencing, especially miners. Some of the biggest names in the industry have even been impacted by the turmoil of the markets. Bitmain The world’s first consumer-grade miner, Bitmain has even been affected by the bear market. The mining giant has been carefully working to gain back its strength over the recent...

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Bitcoin (BTC) All Set To Hit New Yearly Low This Week

Bitcoin (BTC) has continued its decline below the 21 EMA as can be seen on the 4H chart for BTC/USD. The price is all set to drop further in order to hit a new yearly low by the end of the week. All the technical indicators favor a drop to $3,000 or slightly lower before the price can recover. RSI for BTC/USD shows room for further decline. As the price did not recover as expected after dropping to the current yearly low, it was understood that neither the bears nor the bulls were convinced that it was over. A final...

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