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Bitcoin (BTC) Turns Flat Above $6.5k; A Massive Price Change Expected


Bitcoin, at the time of writing this analysis, continued to trade above $6.5k at $6,650.93 along with the price accumulation above 50.0% Fib Retracement level. Amidst the global crisis, the BTC price trend has drawn a high at $9,200, low at $3,800, and relief support at $6,500. Analyzing...

Bitcoin (BTC) Continues to Confuse; Will It Experience Bulls or Bears?


Bitcoin continues to trade above $6k and $6.5k for the 5th day now, and we are likely to draw a week full of bullish crossover if it does not nosedive any sooner. However, even if BTC maintains a winning streak, it is drawing a controversial picture overall. In less than 30 days, the coin...

China Is Drafting Laws for the Circulation of National Digital Currency


Amid the coronavirus pandemic, China’s central bank has reportedly completed the basic development of the nation’s central bank digital currency. The central bank is now drafting legislation for its circulation, according to local media. A number of patents have revealed what...

Bitcoin (BTC) Trades Above $6k Yet Draws a Complex Picture


Bitcoin price has been trading above $6k for the 4th day straight and has even hit as high as $6.9k on Tuesday, March 24, 2020. However, the cumulative price trend of BTC shows a similar kind of bear market entry that happened in 2018, leading to unprecedented weekly highs and lows. On the other...

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