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Bitcoin (BTC) Poised For A Retest Of $5,800 Support In September

Bitcoin (BTC) seems to have made a recovery the last few days but since the beginning of this month, it has been trading in a big rising wedge that extends all the way to Bitcoin (BTC)’s downtrend resistance. The above daily chart for BTC/USD shows that the price has room to rally till $7,500 as mentioned in one of our previous analyses but any positive momentum at this stage will most likely be short lived as Bitcoin (BTC) risks falling back to the $5,800 support once it break out of the rising wedge. Volume flow indicator on the above chart...

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Wolf Of Wall Street Warns That Bitcoin Will Slaughter Institutional Investors

The ‘Wolf of Wall Street’ Jordan Belfort has recently spoken out against Bitcoin as the product that is going to slaughter its innocent investors. Belfort is best known as the penny-stock broker who did time for scamming investors. His story was recently depicted by Martin Scorsese, in ‘The Wolf of Wall Street’. Belfort warns that as a professional scammer, he made his living from fraud and believes what he saw during the 90’s is exactly what Bitcoin is doing today. According to CNBC, Belfort said: “I was a scammer. I had it down to science, and it's exactly what's happening...

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Why Bitcoin (BTC) May Fall Further But Altcoin Rally Is Just Getting Started

Bitcoin (BTC) has been through an extensive correction but it is not out of the woods yet. There are still plenty of analysts calling for a $3,000 bottom. In normal circumstances, the chances of that happening are negligible. If things remain as they are, there is no reason Bitcoin (BTC) might fall below $5,000. However, as we have seen in the past, it does not take much for things to change in this market. The last time we had a correction followed by another correction was back in 2014 when the Mt. Gox hack pushed Bitcoin (BTC) into a second...

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6 Common Rumours About Satoshi Nakamoto

Satoshi Nakamoto is a mysterious figure. In the decade since the creation of Bitcoin, no-one has quite managed to figure out quite who he is. In this blog, we're going to be addressing six rumours which have surfaced regarding the inventor of the world's most popular cryptocurrency. 1. Who is he, and why is he famous? Satoshi Nakamoto is thought to be a pseudonym, used by whoever it was who invented Bitcoin. It was a name first picked up on in 2008, when a white paper regarding the cryptocurrency was issued to a mailing list full of advocates for the...

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Bitcoin (BTC): An Interest Rate Hike In September Might Delay A Trend Reversal

Bitcoin (BTC) is about to complete a 69.81% correction just as it did back in October 2014. What remains to be seen now is whether Bitcoin (BTC) will follow the exact same pattern as in 2014 or trade differently. The above monthly chart for BTC/USD shows that even the EMA alignment in both cases is the same. The lower half of the above chart shows a chart for EUR/USD which demonstrates the striking similarities between strength of the EUR/USD pair and Bitcoin (BTC). The price of Bitcoin (BTC) benefited from a weak dollar and dovish FED policies in the beginning,...

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