Bitcoin News
By Maheen Hernandez
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The story of how Bitcoin reeled down to $5000 is repeated news in the industry. The current price of Bitcoin is at $5490, and this is a significant climb up from its low at…
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The decline of Bitcoin price was due to the negative influence of the Attorney General’s accusation about Bitfinex and Tether as defrauding investors.
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The current price action of Bitcoin according to a popular analyst, Luke Martin, reads thus: “$BTC slight move up since the resistance/support flip. Meh.
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Several analysts are able to observe striking similarities between the current price action of cryptocurrencies and that of the previous years before bull runs.
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Analysts express, there is a similarity between how the price bottomed down to $5000 to $3000 in the year 2017 and how it went back to $5000.
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By observing the weekly trends, it will be possible to decipher if Bitcoin will continue to climb slightly higher and it will be clear on whether BTC will be able to break out of…
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Analysts like Tyler Jenks opine that Bitcoin has been a pattern and that this hyper wave will return to its trend line.
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A Bitcoin whale recently moved $212 million for a transaction cost of $3.93. The Bitcoin address on which this transaction took place is known as (SegWit) Segregated Witness…
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The SegWit stretches the ‘block size limit' of Bitcoin from 1MB to 4MB. Therefore, miners will be able to fit in more transactions to the block.
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