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RBI brings clarity to bitcoin situation in India 

The Supreme Court in India made a big movement in the crypto space earlier this year by lifting its bitcoin ban.   Despite the ruling, the country was still flummoxed with questions with some banks refusing to offer their services to businesses relating to cryptocurrency. The Supreme Court in India made a big movement in the crypto space earlier this year by lifting its bitcoin ban. This ban had been imposed by the reserve bank of India and restricted banks from service in crypto-related companies in the nation. Despite the ruling by the Supreme Court, the country was still flummoxed with...

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The Top 5 Bitcoin Trading Bot for 2020

Due to cryptocurrencies’ similarity to stocks and shares as investment opportunities, it is no surprise that individuals and companies have been working hard to automate the trading process of cryptocurrencies, in the same way as they do for stocks and shares. This has led to the increased popularity of cryptocurrency trading bots. These are automated programs that buy and sell various cryptocurrencies at the right time to maximize profit for the user. There are a number of effective programs for this, however, there are five cryptocurrency trading bots that are better than the rest. NapBots NapBots is a cryptocurrency and...

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Selling Pressure Below 9025 Technicals is BTC/USD Bearish: Sally Ho's Technical Analysis 27 May 2020 BTC

Bitcoin (BTC/USD) added to its recent weakness early in today’s Asian session as the pair fell to the 8787.92 level after encountering resistance around the 9016.99 area during yesterday’s European session, just below the 9025.32 area that represents the 50% retracement of the recent appreciating range from 8106.70 to 9943.93.  Traders pushed the pair back below the 8808.52 area, representing the 61.8% retracement of the appreciating range, and traders observed some bids emerge above the 8779.64 area, representing the 61.8% retracement of the recent appreciation from 8632.93 to 9016.99.  Traders recently stopped short of testing the 9318.50 level, right around...

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Bitcoin (BTC) Falls While Stocks Rally Again

Bitcoin crashed below a key support yesterday but there was no follow through. So, the price ended up climbing back above the support and flipped bullish. Even though it is now showing signs of strength, there is a good chance that it is all temporary and we might be headed lower after a near term retest of the trend line support turned resistance. In the most optimistic scenario, we could expect a rally towards $9.5k now that the S&P 500 (SPX) has also started the day in green and has shot past the psychological resistance of 3,000. It is important...

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U.S. – China Tensions Increased – Will it Boost Bitcoin?

Increased tensions between President Trump and China over the coronavirus pandemic are threatening to complicate a recovery from the worst global economic downturn in decades.  Amid the coronavirus, the countries’relationship has hung over the market - In the past several months, US politicians proposed to delist Chinese companies from US stock exchanges with different criteria, and cap Americans’ exposure to the Chinese market. On Friday, China is once again attempting to assert authority over Hong Kong, sparking another bout of protests from concerned HK citizens. This seems to signal that previously easing tensions between the US and China will begin growing again, potentially...

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