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Italy’s Economic Pain Is the Bitcoin Price’s Gain

May J, 2018

Italy’s Economic Pain Is the Bitcoin Price’s Gain Perhaps it took an economic crisis of another kind to lift the cryptocurrency markets. Italy’s economy is reeling amid a political crisis that has placed a spotlight on the cracks in the EU’s economic foundation. Bitcoin Price Trends up as Italy’s Economy Falters Italian bonds are going bust, and the negativity has spilled over into stocks as well. But as the global financial markets are reeling, bitcoin is finally beginning…

A New Twist On Lightning Tech Could Be Coming Soon to Bitcoin

May J, 2018

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A New Twist On Lightning Tech Could Be Coming Soon to Bitcoin Bitcoin's lightning network may be just starting to send transactions over the blockchain, but already its developers are looking to rearchitect the technology. That's because, while touted as a way to significantly boost bitcoin's capacity, the network itself does require users to store a significant amount of data, which makes it difficult to download and run. As such, several lightning developers – Lightning Labs co-founder 'Laolu' Osuntokun…

Bitcoin (BTC) Price Analysis – Reversal Candlestick At Make-Or-Break Level

May J, 2018

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Bitcoin (BTC) Price Analysis – Reversal Candlestick At Make-Or-Break Level Bitcoin is down to the last line of defense for bulls but a reversal candlestick is forming. BITCOIN PRICE ANALYSIS Bitcoin is consolidating inside a symmetrical triangle on its daily time frame and is currently testing support. This could be the last line of defense for buyers, as a break below support could signal that a longer-term selloff is underway. However, a reversal candlestick or a doji appears…

Bitcoin (BTC) Price Watch – Can It Finally Bounce?

May J, 2018

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Bitcoin (BTC) Price Watch – Can It Finally Bounce? Bitcoin Price Key Highlights Bitcoin price is still inside its symmetrical triangle formation and is currently testing support. A bounce could take it back up to the resistance around $9,000 while a break lower could lead to a test of the next support at $6,500. Technical indicators are showing mixed signals, so the move could mostly depend on market catalysts. Bitcoin price has sold off to the very bottom…

Bitcoin and Ethereum Price Forecast â BTC Prices Crash Through Support

May J, 2018

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Bitcoin and Ethereum Price Forecast – BTC Prices Crash Through Support The BTC prices have fallen hard over the last few hours and the prices now trade below the $7500 region as of this writing. We had mentioned yesterday that the support region around $7800 was under severe pressure and if and when there is a break through this region, we should see the bears back in control and that’s what we are seeing now. There are no specific reasons…

Brian Kelly – Bitcoin Cash Could Go Up Following More Use Cases

May J, 2018

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Brian Kelly – Bitcoin Cash Could Go Up Following More Use Cases Brian Kelly, the founder and CEO of BKCM LLC, an investment company focused on cryptocurrencies, came out bullish on Bitcoin Cash (BCH) on CNBC May 21. On Saturday, BCH miners reportedly had a meeting dedicated to funding for a BCH development fund. Miners are looking to allocate some part of the reward they receive from mining and invest it to expand the BCH ecosystem, Kelly explained. The…

Bitcoin Price Analysis – Consolidation continues

May J, 2018

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Bitcoin Price Analysis – Consolidation continues Bitcoin (BTC) has continued to seesaw, sliding 20% since May 6th and then recovering slightly over the past few days. The market cap now stands at US$144.86 billion, with US$1.64 billion traded in the past 24 hours. On the network side, hash rate and difficulty continue to push record highs, with ongoing shipments of ASICs from multiple mining companies, including Bitmain and Halong. Although the original Bitcoin Whitepaperdescribed Proof of Work (PoW)…

Bitcoin Cash Price Weekly Analysis: BCH/USD Recoveries Remain Limited

May J, 2018

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Bitcoin Cash Price Weekly Analysis: BCH/USD Recoveries Remain Limited Key Points Bitcoin cash price got bid near the $1.130 level and started a recovery against the US Dollar. There is a crucial bearish trend line forming with resistance near $1,320 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair may continue to rise in the short term, but it is likely to face sellers near $1,320-40. Bitcoin cash price is showing positive signs above…

JPMorgan Looks Into Crypto Months After Their CEO Called Bitcoin âStupid’ and âDangerous’

May J, 2018

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JPMorgan Looks Into Crypto Months After Their CEO Called Bitcoin ‘Stupid’ and ‘Dangerous’ Back in September of 2017, JPMorgan’s CEO Jamie Dimon called Bitcoin “stupid” and “dangerous.” Dimon also said if he caught anyone buying or selling Bitcoin he would “fire them in a second.” His words carry heavy weight as one of the most prominent voices in the global finance world. However, it appears his opinion changed. JPMorgan is looking into the use of cryptocurrencies despite their purported threat…

Bitcoin (BTC) Price Analysis: Heading For $7,000?

May J, 2018

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Bitcoin (BTC) Price Analysis: Heading For $7,000? Bitcoin continues to slide and may be setting its sights on new last month's lows. Bitcoin has formed higher lows and lower highs on its 4-hour time frame to create a symmetrical triangle. Price is on its way to the bottom around the $7,000 level. The 100 SMA has crossed below the longer-term 200 SMA to signal that the path of least resistance is to the downside. In other words, the selloff could…