Day: June 9, 2019

Bitcoin Losing Momentum, BTC Could Fall Further: Analyst

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Current Bitcoin Chart Looks Like The $3,200 Bottom Inversed After days of inaction, Bitcoin (BTC) bears have finally shown their hand. In the past 24 hours, the leading cryptocurrency has shed around 2%, falling from a multi-day high of around $7,950 to $7,725 as of the time of writing this. While some are sure that Bitcoin will hold its ground, especially seeing that the asset has stabilized around $7,700 and losses are being contained, some are wary of a further decline. In a recent tweet, an analyst going by the moniker of…

Crypto Whale Buying Activity Is Good and Bad News for Bitcoin Bulls

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By CCN: A bitcoin analyst and blogger confirms that the recent rise in the bitcoin price was not due to any kind of organic investor flow. My theory was that crypto whale traders swooped in late last year not merely because of the 85% decline in BTC but because of a key technical trading factor – and nothing more. Willy Woo confirms that the recent price rise was driven more by whales buying and trying to manufacture a short squeeze. Willy Woo points out bitcoin short squeeze | Source: Twitter…

Bitcoin Hitting $10,000 Will Kickstart Mass FOMO, Quadruple BTC in Months: Fundstrat

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The Bitcoin (BTC) bull run has barely even started, but Fundstrat Global Advisors is absolutely euphoric. In a graphic published recently, the investment advisory firm suggested that the “Fear of Missing Out (FOMO)” is quickly materializing in the cryptocurrency markets, boding well for BTC’s performance in the short to medium term. We are apparently headed straight for LEVEL 10 FOMO in the #bitcoin market (via @fundstrat) pic.twitter.com/YzFkrazWz2 — Adam Samson (@adamsamson) May 29, 2019 Fundstrat’s Lee Bullish on Bitcoin In a recent research note, posted by Financial Times’ Adam Samson,…

Bitcoin ATM Spotted Spitting Out Money in London

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A few days ago Londoners witnessed a bizarre movie-worthy scene: A Bitcoin ATM suddenly started spitting bills non-stop in a shopping center. Several people were able to record the odd event and share it on Reddit. On the footage, a security guard protects the machine from the curious people who saw the scene. None of them (at least as far as one can see in the video) tried to take a bill. The cashier was spitting out money for several minutes, which is why several people speculated that it was…

Bitcoin Car Talk, Like Bitcoin, Returns to Face 2019 With Courage

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Bitcoin Car Talk, Like Bitcoin, Returns to Face 2019 With Courage June 9, 2019 by Jon Southurst HUMOR: It’s the Current Year and MikeinSpace, host of the much-loved video interview series Bitcoin Car Talk, is now living in his car after overdosing on a deadly substance known as bitcoin maximalism. Unable to see anything but the upside as a result of his condition, he realizes this gives him even more time to interview crypto personalities for his show. Also see: Bitcoin Car Talk Returns, Crashes, Burns, Carries on… as Usual Subscribe…

The Most Insane $1 Million and Beyond Bitcoin Price Predictions

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By CCN: Bitcoin price predictions are a dime a dozen. They can go anywhere from zero to over a million dollars. Some bettors like John McAfee are so confident that they are ready to go through absurd lengths (such as consuming their own member) to show their conviction. Do these crazy predictions hold ground? We scoured the web and discovered that John McAfee is not alone in his prediction that the king of cryptocurrencies will reach a million dollar valuation. Here are the most insane bitcoin predictions bravely shared by reputable…

Navigating Country-Specific Cryptocurrency Trading Restrictions

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At the start of June 2019, reports emerged that Binance DEX’s website was blocking users with IP addresses from 29 countries. This news immediately caused confusion with some commentators, using it as an opportunity to reaffirm their stance that Binance DEX is not truly a decentralized exchange (DEX). However, as it turned out, the initial reports were somewhat inaccurate, as the geoblocking only applied to Binance.org — the website for the DEX platform. Traders could still access the DEX via some supported wallet apps, bypassing the need to go through…

Analyst: If Bitcoin (BTC) Breaks Below $7,500, a 10% Drop Would Be in Play

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After days of inaction, Bitcoin (BTC) bears have finally shown their hand. In the past 24 hours, the leading cryptocurrency has lost around 3%, falling from a multi-day high of around $7,950 to $7,650 as of the time of writing this. With this move, which many believe will set the trend for the cryptocurrency market, analysts have kept their eye on the charts, trying to determine in what direction Bitcoin will head next. Bitcoin in Crucial Area, Keep Your Head Up According to analyst Financial Survivalism, Bitcoin is currently in…

Russian Region Yugra to Launch Blockchain-Enabled Tourism Platform

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The Khanty-Mansi Autonomous Okrug – Yugra,  a federal subject of Russia, will launch a blockchain-enabled tourism platform, major state-owned media outlet Tass reported on June 7. Per the report, during the St. Petersburg International Economic Forum this week, the general director of the region’s development fund, Roman Genkel, signed an agreement with Alexander Borodich, the CEO of blockchain startup Universa, to launch the platform. According to a blog post from Universa on June 7, the system will enable tracking public spending and investment to ensure transparency. The company claims: “Tagging…

Bitcoin (BTC) Can Reach 40,000 USD in 5 Months After Breaking The Resistance Set At 10,000 USD, Tom Lee Says

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Tom Lee remains bullish and does not stop sharing his optimistic vision about the future of Bitcoin. In a recent interview with Binance CFO, Wei Zhou for the exchange’s official podcast, the founder of Fundstrat Global Advisors once again gave one of his famous bullish predictions – perhaps the most optimistic of all: For the well-known financial analyst, if Bitcoin achieves enough momentum, the Bullrun could catapult it at prices higher than those recorded during 2017: “I think FOMO really gets triggered once Bitcoin hits 10,000 so going from 10,000…