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Bitcoin (BTC) Bounces Off $6,000 Over The Weekend, But Will It Continue To Rise?

Bitcoin (BTC) bounced strongly and cleanly off the exact $6,000 level as can be seen on the BTC/USD daily chart above. The price crashed hard on Friday but since then, it has now formed two consecutive green candles over the weekend. While this may be something every bull wants to see, weekend activity generally does not matter much as most traders are away on weekends and the low volume makes it easy for a few big players to manipulate the market. It is true that a lot of Bitcoin (BTC) buying has been going on in OTC markets over the...

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Television Set That Doubles As A Bitcoin Mining Rig

Canaan Creative has announced that it plans to sell a 43” television set that doubles as a bitcoin mining rig – dubbed the Avalonminer Inside. Canaan, the world’s second largest manufacturer of mining rigs, stated that its television is equipped with A3210 16nm ASIC chips and is capable of processing at a power of 2.8 terahashes per second. Canaan also states that the Avalon mining TV is powered by artificial intelligence, can calculate the profitability of bitcoin mining in true-time, will include a voice control feature, and features 4K resolution. The television will also facilitate the purchase of entertainment content...

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Bitcoin (BTC) Approaches Its Final Few Weeks Of Correction

Bitcoin (BTC) is weeks away from reaching the end of an overextended correction. The triangle in which Bitcoin (BTC) has been trading for the last seven months has become easier to break now that the price has traded further along it. Elliot Wave Oscillator for the BTC/USD daily chart above shows the price to have reached the limit of aggressive movements and will likely stabilize over the next few weeks before beginning a new cycle. So far, Bitcoin (BTC) has respected the long term support line, but in order to complete this correction, Bitcoin (BTC) will have to test its...

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ZCash (ZEC): The Only Bitcoin (BTC) Fork That Can Beat Investors’ Expectations

ZCash (ZEC) is a popular source code fork of Bitcoin (BTC), just like Litecoin (LTC). The purpose of its creation was to address privacy issues that users of Bitcoin (BTC) faced and also to curb centralization with its Equihash based proof of work model.  As the weekly chart above for ZEC/USD shows, ZCash (ZEC) had a good run in early 2017 and did a good job at preserving its gains after the first ATH was reached in June. The price continued to climb higher in late 2017 and reached an ATH of $1,000 in January. Since then, ZCash (ZEC) has...

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Bitcoin Analysts Believe BTC At $4K Is On The Horizon, The Fall Isn’t Over Yet

Rob Sluymer has told Bloomberg that he believes the decline of Bitcoin isn’t over yet. This comes just after the markets took a tumble off the back of the SEC decision to delay a pending announcement due for the approval or disapproval of another Bitcoin ETF. Even though the decision has only been delayed and that no ETF has been approved or disapproved, Bitcoin and the rest of the markets have reacted very badly. This begs the question, what will happen when a final decision is made? We expect around nine of these decisions to surface during September, therefore, September...

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