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Bitcoin saw a downward correction from the $ 7700 resistance area against the USD on the 24th of December. The cryptocurrency traded below $ 7400 and $ 7300 support levels. Further, it is striving to stay above the $7260 support and the 100 SMA. More losses occurred, and the price traded close to $ 7160 support. A low got formed close to $ 7160, and the Bitcoin price is currently consolidating losses. A short-term contracting triangle with resistance near $7250…

The ETH/USD price is showing some declining signs. A break under $ 125 and $ 120 could make ethereum's price move to the downside. Yesterday, the price started dropping from the hurdles at $ 135. The price later settled under the support at $ 130 and the 100 hourly SMA.  Further, the price declined to under $ 128. Analyzing the ETH/USD Hourly Chart The ETH/USD hourly chart shows a break under a contracting triangle with support close to $ 127.…

Bitcoin is one of the mainstream cryptocurrencies, and with its need to be largely adopted, the thought of using social networks is valid. Moreso, using emojis to bring Bitcoin to people is one way that could be efficient. When using emojis, we do not need to express ourselves in words, and this a simple way of communicating. In that case, people are calling for the creation of a Bitcoin emoji for the keyboard on Apple iOS. The desire for Bitcoin…

NASAA is an American organization that deals with global investor protection. Recently, the organization revealed that crypto investment is among the top five investors’ threat in 2020. This report got collected through a survey of the state and provincial securities regulators within the US, Canada, and Mexico. These American organisation relied on investors’ complaints, current investigation, and regulatory trends to predict the leading investor threats in 2020. The other top areas of concern are promissory notes, real estate investments, Ponzi…

According to the Chinese government, there may be changes in the way it treats cryptos like Bitcoin as it is looking forward to reforming its forex markets. On December 24, a report by Reuters cited a senior government official and explained that a fresh research initiative will involve expanding the blockchain cross-border financing pilot platform of China. The platform was introduced in March 2019 and it is at the moment functioning as a pilot scheme in nineteen provinces. Lu Lei spoke about the…

The price of the BTC/USD pair has returned to the major support zone at $7,200. The price is currently encountering several resistances close to $7,400 and $7,500. On the previous day, the price rose strongly over the hurdle at $7,500. Further, the price surged over $7,600 and the 100 hourly SMA. Notwithstanding, the buyers tried to obtain traction over $7,680 and $7,700. They attempted to break through the hurdle at $7,700, but the sellers could defend additional upsides. Hence, the…

The Bitcoin performance was recently bullish for some period. However, each time the cryptocurrency surges to the upside, it experiences a robust rejection and leads to a total correction of its gains. Some hours ago, the situation happened as its price peaked around $7.5k, but could not continue to the upside. It got rejected and may have initiated a notable fall. As per the analysts, Bitcoin can decline towards 7k before securing adequate support to stop its correction. At press…

The launch of Initial Exchange Offerings, IEOs, occurred in 2019. Nevertheless, incriminating new statistics show that IEO investors lost a maximum of 98% of their money. On the 23rd of December, the latest report on twelve leading IEOs by BitMEX Research got launched in 2019. Eleven of these IEOs are currently worthless compared to the price at which they first traded on exchanges. BitMEX Research maintained that their performance since the time they launched is always low. Nearly all the…

Bitcoin Likely to Surge up to $ 8000 The price of BTC/USD is signaling a bullish continuation of over $7500. Therefore, there is a likelihood of the price to keep surging, and the buyers seem to focus on $8000. After the consultation under the hurdle at $ 7200, the bitcoin price surged over some major resistances close to $7300 and $7400 to begin a decisive move to the upside. Further, the price closed over the hurdle at $7500 and the…