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Bitcoin (BTC): A Monthly Fall And Close Below $6,000 Could Trigger A Long Term Bear Trend

Bitcoin (BTC) is currently in a tough spot. The next few days have the potential to decide the fate of Bitcoin (BTC) for the months ahead. So far, the cryptocurrency has done well to stay above $6,000 but having breached that level once, it would not be a surprise if it did that again. However, this time around the consequences will be grave if something like that happened. If Bitcoin (BTC) falls below $6,000 and continues to stay down till the end of the month, it will mark a fall and close below $6,000. The long term trend on the...

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International Perceptions Of Bitcoin, Should We Be Worried About This?

In a new report called The ING International Survey, published on Seeking Alpha, by Jessica Exton, a Behavioural Scientist for ING, 15,000 participants, across 15 countries have been surveyed to gain an insight into the European public perceptions of cryptocurrency. The survey (total sample size; 14,828 participants) worked across 15 counties in Europe, plus, the United States and Australia to determine exactly how people understand cryptocurrency. The countries include: Austria, Belgium, France, Germany, The Netherlands, Romania, Spain, Turkey, and the UK Participants were asked questions ranging from; Have you heard of cryptocurrency? and Do you own cryptocurrency? to do you...

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Bear Market Back In Full Swing, Bitcoin Will Dip Past $6,000.00 Today

After seeing a few days of positive movements within the markets, the same old ‘June doom and gloom’ is back, with a vengeance by the looks of it. As the bears grip on the market tightens once more, cryptocurrencies are falling, some of which are dropping at an astonishing rate, as a result of this, we are sure to see some new lows breached through the day. Furthermore, we can be pretty certain now that this trend will continue through to July, making June the second consecutive month of disappointment, drawing the second quarter of the year to a close,...

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Bitcoin Might Not Breach $10,000 In The Next Bull Run

It is safe to say that Bitcoin has struggled recently. Not just in terms of its value, but also its reputation too. Bitcoin is under pressure from rival altcoins that are promising the cryptocurrency community far more than Bitcoin can offer. Moreover, smothered within the Bitcoin Core vs Bitcoin Cash debate, Bitcoin is starting to lose its fan base. Of course, Bitcoin still remains the king of crypto and probably always will be, however, status means nothing when you’re unable to withhold your value, right? Our latest calculations point towards how Bitcoin will perform if another bull run takes off...

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‘Crypto Virgins’ Are Driving The Price Of Bitcoin

Very recently, news has found that stablecoin, Tether, has been accused of being used to manipulate the price of Bitcoin. You can see our coverage of this story, here- https://cryptodaily.co.uk/2018/06/new-reports-find-that-tether-is-being-used-to-manipulate-bitcoin-price/ We all know that the cryptocurrency markets are volatile and thus, we all know that lots of influencing factors can change the price of Bitcoin, be that political, traditional-financial or indeed, crypto-financial. Interestingly, as the price of Bitcoin moves, the rest of the markets move, which is why, when we see research such as the following, it does come with an air of concern. If Bitcoin is being manipulated, then...

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