Bitcoin News

Story: Is Bitcoin (BTC) the lifeline in the Gaza Strip? Is Wyckoff Accumulation Kicking in?

By James Thorp

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On September 22, 2018, Coin Desk reported that a Financial Assistant in Gaza estimated that at least 20 unofficial exchange offices have been dealing with cryptocurrencies…

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One of the currency dealer reportedly seemed to have said, "Bitcoin, in their opinion, is cheaper, safer, and quicker; nothing works with Palestinian banks.

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Also, it was stated, that the Palestinian communities revolve around local trust networks and physical assets like cash, because of high unemployment and poverty rates, which…

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Reportedly, World Bank estimates that nearly 21 percent of Palestinians live below the poverty line on less than $5.50 a day.

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Reuters, in their publication on April 26, 2019, reported, "Armed wing of Hamas is using increasingly complex methods of raising funds via bitcoin, researchers say, highlighting…

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Well, not at this time of Bitcoin manipulation; investors are thinking about what next? It is important to understand that when it comes to the BTC price, it is not just one…

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In theory, the combined forces sit behind the scenes, and they manipulate the price to their advantage.

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It is not all doom and bloom, but we need to understand that the institutions and big players have arrived, and they are pulling the "Deucey" over the general public.

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An educated eye will be able to read the behavior and actions of the large, sophisticated traders as well as the average traders in the chart.

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The pool operators or the investors who move the price trends are classified as operating from Phase A through Phase E.  It helps to understand these concepts.

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The big players have stepped in. It just looks like BTC is about settling for a long haul and not for a while.

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