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Bitcoin (BTC) Is Not A Dirty Word Anymore

Bitcoin (BTC) is currently struggling hard to stay above the $8,000 psychological mark. The price seems to be defending well for now but it will most likely come down over the next few days to complete a long anticipated double bottom. This would also complete a pattern of three bounces which will result in a bullish impulse up ahead, most likely at the onset of the next week. Interestingly enough, Bitcoin (BTC) will also form a double bottom on the RSI during that time. The weekly chart for BTC/USD looks oversold but shows weakness for limited downside. Consensus 2018 concluded...

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Here’s Why Bitcoin Could Hit $10K In Two Weeks

Bitcoin might be having a bit of a difficult time at the moment. This is amplified by a frankly poor market state, a state which seems to be dragging cryptocurrencies down into figures not seen for well over a month now. The decline which started last weekend, has continued through the week and now looks to be setting us up for a second weekend of market declines. We should use this as an opportunity however, to look at what could happen in the wake of this. On Tuesday the 6th of February, Bitcoin hit a low of $6,249.11, however, just...

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Verge Can Compete With Bitcoin In China

4/ Detailed scores of the first crypto ratings by CCID Research, China's Ministry of Industry & Information Technology pic.twitter.com/7LiJIWokge — cnLedger (@cnLedger) May 17, 2018 The Verge community are feeling pretty smug at the moment, given that Verge XVG has been included in the top rankings for China’s Ministry of Industry & Information. The rankings are based upon research by the ministry which have focused on three key areas within the make up of the currencies. Firstly, the technology behind the currency, secondly, the applications of the currency and thirdly, the innovation, driving the future of the currency. A number...

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Optimism Probably Short Lived, Bitcoin Heads Down Towards $8,000.00 Again

This morning, we found a sense of optimism in the air. We saw that the recent trend of market declines had seemingly come to a halt. Overall, the markets looked green with some major currencies such as EOS making great progress. Check out our very recent coverage of this story, here- https://cryptodaily.co.uk/2018/05/panic-back-markets-finally-climb/ Throughout the morning we have seen some positive movements. TRON and EOS most notably, who have both been moving upwards by percentages greater than 5%. Because of this, both currencies have managed to retain some value. At the time of writing, EOS is valued at $13.27 and is...

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Why Is Bitcoin (BTC) Falling Despite Consensus Excitement?

Bitcoin (BTC) currently trades at $8,357 after falling to$8,100 levels which held firmly. The price is now looking bullish short term and might continue trading in the rising wedge for the next few weeks. It is possible that the price falls below the wedge close to $11,000 levels validating the stance of most analysts. While Consensus this year was attended by over 8000 members and Lamborghinis were spotted in the vicinity of the conference, it does not mean that everyone will just up and buy on one particular day to drive the price up to new highs. It is usual...

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