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Bitcoin Might Retest Trend Line Resistance One Last Time

Bitcoin is ready to test the previously tested trend line resistance one last time before the downtrend begins. This happened the last time as well when BTC/USD ended up testing the top of the symmetrical triangle for the fourth time before it crashed below it. This time it appears to be doing the same as the price action is a lot similar to that of the fractal from March. The S&P 500 (SPX) also seems ready to climb back into the already broken symmetrical triangle one last time before the downtrend continues. However, the long-term outlook remains bearish. It has...

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Ciphrex CEO explains why bitcoin is not the ‘future of finance’

The argument that crypto is better than Fiat currency is an age-old argument by this point.  There are many big celebrities all over the world who own somewhat of a percentage in Bitcoin and other crypto-assets. The argument that crypto is better than Fiat currency is an age-old argument by this point. There are many big celebrities all over the world who own somewhat of a percentage in Bitcoin and other crypto-assets. Despite there being a lot of controversy and regulations surrounding bitcoin, many people have turned to the asset as a store of value. Eric Lombrozo, the founder of...

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Albanian President Ilir Meta discusses bitcoin in new law

Albanian President Ilir Meta has returned to the government with another law for review in regards to bitcoin. He has returned to Parliament with a lengthy discussion in regards to this new movement as the head of state says that this level creates further space for money laundering as well as avoiding the fiscal obligations within the nation. Albanian President Ilir Meta has returned to the government with yet another law for review in regards to the financial markets based on bitcoin. He has returned to Parliament with a lengthy discussion in regards to this new movement as the head...

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BTC/USD Mending from a Multi-Week Low: Sally Ho's Technical Analysis 29 June 2020 BTC

Bitcoin (BTC/USD) continued to orbit the 9000 figure early in today’s Asian session as the pair continued to recover from its move to the 8815.01 area during Saturday’s North American session, its weakest print since late May.  Stops were elected below the 8993.44 area during the descent lower, a retracement level that represents the 61.8% retracement of the appreciation from 8106.70 to 10428.00.  The next downside price retracement levels in this appreciating range include the 8654.53 and 8603.46 levels.  Additional Stops were triggered below the 8910.70 area, representing the 38.2% retracement of the appreciation from 6456 to 10428.  Larger Stops...

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How Bitcoin Has Boosted These Industries Over The Years

Bitcoin is helping more industries than you may think Global companies see benefit with bitcoin How long untill Bitcoin becomes a must for large industries Cryptocurrency is an ever-growing industry which has spread throughout almost every industry. At the time of writing, there are more than 1,000 cryptocurrencies listed on exchanges and because of the decentralised nature of said currencies, they have many uses. Some of those industries include travel, education, social media, real estate and more! Let’s take a look at some of these industries and how cryptocurrency has had an impact on them. Gaming The cryptocurrency hype train...

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