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Photo: ShutterstockBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex.BTC/USD Tech AnalysisBTC demonstrates the worst result of all cryptocurrencies this weekBank of Canada thinks the BTC to be inefficientOn W1, the Bitcoin quotations have escaped the Triangle and keep declining inside the correction channel. Now, the quotations are between 50.0% and
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Bitcoin price is holding the $8,200 support area with positive moves against the US Dollar.The price is likely to revisit the $8,500 resistance area and it might even surpass the stated level.There is a new connecting bullish trend line forming with support near $8,300 on the hourly chart of the
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Bitcoin price struggled to climb above $8,500 and declined recently against the US Dollar.The price is currently trading below $8,300 and it could continue to decline towards $8,100.There was a break below an ascending channel with support near $8,275 on the hourly chart of the BTC/USD pair (data feed from
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Bitcoin price started a strong recovery above the $8,000 and $8,200 resistance against the US Dollar.The price is up more than 5%, but it is facing a strong resistance near the $8,500 level.Yesterday’s highlighted major bearish trend line was breached with resistance near $8,080 on the hourly chart of the
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Ripple price climbed higher recently above the $0.2450 and $0.2500 resistances against the US dollar.The price is currently trading near the $0.2620 resistance area and is consolidating gains.There was a break above a major bearish trend line with resistance near $0.2415 on the hourly chart of the XRP/USD pair (data
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Bitcoin price is declining and it recently traded to a new monthly low at $7,661 against the US Dollar.The price is trading in a downtrend and it is likely to test the $7,500 or $7,200 level in the near term.There is a key bearish trend line forming with resistance near
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Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on CryptoX in one link.Top Stories This WeekCrypto carnage: Bloodbath for altcoins as
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There was a nasty decline in bitcoin below the $9,000 support against the US Dollar.The price even declined below the $8,000 support and it is currently consolidating losses.There is a declining channel forming with resistance near $8,350 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).The price
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An employee at a nuclear research center in the closed town of Sarov in Russia was fined for illegally mining Bitcoin (BTC).Convicted to pay $7,000 fineAccording to a Sept. 27 article by Russian news outlet Meduza, a man was fined 450,000 rubles ($7,000) for trying to mine Bitcoin by
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