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Analyst: Facebook’s Libra Could Introduce Billions of People to Bitcoin; Will It Help Fuel the Next Rally?

Earlier today the world gained insight into Facebook’s highly anticipated cryptocurrency project, dubbed Libra, which is widely expected to help boost the company’s e-commerce initiatives and to attract a significant amount of attention to Bitcoin and the crypto markets.Now, multiple cryptocurrency analysts are viewing Libra as a bullish development for

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Fundstrat Global Advisors Technical Analysis Points to Further Rally

In its new technical analysis, market research company Fundstrat Global Advisors says that cryptocurrencies are poised to make further gains, Bloomberg reported on June 13.Per the analysis, most digital currencies are trending upwards as relative-strength-index momentum has begun to turn upward from neutral. The tendency purportedly indicates strength in

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Tether and Search Engine Data Reveals China Fueling Bitcoin Rally

By CCN Markets: Over the past three months, the bitcoin price has risen from $3,911 to $8,120 against the U.S. dollar on major crypto exchanges, demonstrating strong momentum supplemented with a clear rise in volume.The bitcoin price is up nearly three-fold in the past three months (source: coinmarketcap.com)In recent weeks,

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Bitcoin Price Analysis: BTC/USD Price May Rally Towards $8,233

Photo: QuoteInspectorKey Highlights:Bitcoin price is ranging at $7,812 level;the coin may rally towards $8,233 levelthe Bears may push the price to reach $7,085.BTC/USD Medium-term Trend: RangingResistance levels: $7,812, $8,233, $8,608Support levels: $7,476, $7,085, $6,612Bitcoin price is moving sideways on the medium-term outlook. The sideways movement continues in the Bitcoin

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