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Bitcoin On “Life Support” as Analysts Target Move to Sub-$7,000

Bitcoin (BTC) has plummeted into the $7,000 region today as bears continue working to erase all the gains that were incurred during the crypto’s meteoric rally in late-October, which may signal that significantly further downside is imminent for the embattled cryptocurrency. Analysts are now noting that Bitcoin is “on life support” as it trades around a critical support level, and analysts...
Crypto Retail Adoption Grows, Hot Spots Found in all Corners of the World

Despite the fact that many crypto naysayers say that digital currencies are useless for payments, the number of retailers accepting payment via cryptocurrency is growing. Hot spots are emerging all over the globe. The areas in which cryptocurrency usage appears to be growing fastest and most concentrated remain the US and Europe. However, data shows notable growth in other areas that...
Could PlusToken Scam Be Responsible for Broken Crypto Market Structure?

Ever since Bitcoin’s bottom at $3,100, the crypto market has been convinced that the first-ever crypto asset was building a foundation for its next bull run. But a powerful parabolic rally this year was unable to set a new all-time high, putting a new bull run in jeopardy. Could the impact of a massive Ponzi scheme earlier this year have affected...
Analyst: Break Below Bitcoin’s Current Support Could Spark Drop to $6,000

After a brief period of consolidation, Bitcoin has once again made another downwards movement that has led it below its previous support level at $8,000. This latest bout of downwards momentum has opened the gates for significantly further losses, assuming bulls don’t step up and propel BTC higher. One prominent analyst is now noting that a failure for BTC to maintain...
Right on Cue: Schiff Resurfaces to Celebrate Bitcoin Price Drop

For someone lacking interest in Bitcoin, Peter Schiff has a funny way of showing it. As the price leading digital assets is dropping today, the gold bug has once again commented that such moves are evidence of a “pump and dump” narrative in the market. Schiff seems to think that there is only room for one hard form of money on...
Legendary Bitcoin Short Seller Says To Watch For Base To Form Before Buying

A legendary short seller who shorted the 2017 Bitcoin bubble top just before the bubble began to deflate, has some sound advice for crypto investors looking for an opportunity to buy: Wait for a base to form, much like what happened in early 2019 when Bitcoin bottomed. Mark Dow, Legendary Bitcoin Shorter, Dissuades FOMO-Buying BTC Mark Dow is a global macro trader...