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Litecoin (LTC) Begins A New Cycle Against Bitcoin (BTC) But Still Risks A Fall Below $50

Litecoin (LTC) seems to have started a new trend against Bitcoin (BTC) as it has broken out of an important falling wedge against Bitcoin (BTC) on the LTC/BTC daily chart above. This falling wedge extends all the way to January this year when the correction began. Normally, this would be considered a big win for Litecoin (LTC) as the price is about to begin a new trend which after an extended correction is expected to be a bullish one. However, RSI analysis for Litecoin (LTC) presents a completely different picture which also brings us closer to reality and demonstrates that...

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Bill Barhydt Predicts Bitcoin ETF Approval Next year

Bill Barhydt, the CEO of BTC payment company Abra, believes Bitcoin will receive ETF approval in 2019. While the SEC recently rejected no less than nine Bitcoin ETF applications by GraniteShares, Direxion and ProShares, Bill claims the sole reason these applications were rejected is because they failed to meet the existing expectations of the SEC. “The people doing the applications don’t fit the mould of who they are used to approving,” explained Bill, a former Goldman Sachs employee. Bill also noted that an applicant would have to firmly meet SEC standards for any approval to take place, while pointing out...

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All You Need To Know About The Bitcoin ETF

 Over the past two months, the news has been rife with stories about Bitcoin ETF applications situated within the United States Securities and Exchange Commission (SEC). We all know that the general goal of the Bitcoin ETF is to make it easier for institutional investors to invest in Bitcoin and we know that the SEC are responsible for giving such applications the go ahead. The last thing we know is that when the SEC reject ETF applications, the markets act negatively, therefore we can guess that if the SEC accept an ETF application, the markets will fly high. In...

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Bitcoin (BTC) Falls Back To Trend Line But Will It Fall Further?

Chart for BTC/USD (1W) Bitcoin (BTC) has not had a fall this aggressive since June 2018. Yesterday, the price of Bitcoin (BTC) nosedived in a matter of hours on what seems to be insignificant news.  Apparently, the cause of this dump was Goldman Sach’s announcement that it is scraping off its crypto trading desk for now. The market reaction to this is completely unreasonable given the fact that it is nothing out of the ordinary for a financial institution to pull away resources from a market with low trading volume. This does not mean that Goldman Sachs would never get...

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November Will Be The Turning Point For Bitcoin According To Experts

As we all know, Bitcoin is the most advanced and successful cryptocurrency of all time. In 2017 it was estimated that between 2.9 and 5.8 million individual users were using a cryptocurrency wallet and most of them were using Bitcoin. Despite being the only form of currency exchanged by Silk Road in the early days and fluctuating in value day by day, the tender firmly found its feet after the 2012 appointment of The Bitcoin Foundation. Despite their appointment to promote Bitcoin's development and uptake, the variations in its value have always been quite dramatic. So why will November be...

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