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Is Bitcoin BTC Price Finally Making a Comeback?

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New data has shown a sudden and unexpected shift within the crypto market, where the Bitcoin BTC price stopped its free fall and is currently rising once more. The number one currency is experiencing an 8.29% growth at the time of writing, with its current price nearing $4,400.

The new change has confirmed once again just how chaotic Bitcoin can be, and investors are still trying to find a source of this twist. Despite the fact that Bitcoin has had numerous ups and downs in 2018 alone, that it has gone through two serious market crashes, and almost an entire bearish year, it still remains the number one digital currency.

Bitcoin is continuing to dominate the market in terms of value, market cap, rank, age, and several other aspects. In the meantime, investors are asking another important question, which is — how far up can Bitcoin go?

Potential heights of Bitcoin

As stated previously, Bitcoin is the most unstable cryptocurrency around. It started this year with a price of $20,000 and nearing its end, it dropped to $3,700. While many have predicted that BTC will reach its old value of $20,000 or more by the end of the year, this seemed unlikely until today.

Investors and experts alike were now reminded that not a lot is certain when it comes to Bitcoin and that its price can be in free fall, and then shift to an unpredicted surge, all in one day. Considering that the year is nearing its end, and cryptocurrencies’ tendency to rise without any apparent reason in this time of year, it is currently unknown when this surge will stop.

It might be a short-term price correction that follows the selloff and BCH hash war, or it might be a start of a bull run that investors have been hoping for since January. Right now, it is believed that this is the first real price surge since July. Analysts have also stated that constant bouncing shows strong demand for the coin. However, in case it falls once more, the move down will be a very violent one.

However, if the coin manages to hold on to the current trend, there is no way to predict where it may end up. The only thing that is certain in this scenario is that it will step up.

Based on the coin’s history, analysts have set up numerous milestones that its value is expected to hit, whether it goes up or down. The price of $3,700, at which the coin stopped its free fall was one of those milestones. When the price is falling, these prices are expected to soften the fall and try to keep the coin from going any further. When the price is rising, these values are resistances that are to be broken. The latest resistance that BTC managed to break was at $4,150, and the coin exceeded it with ease.

Right now, it is closing the gap between its current price and $4,400, and after that — it is anyone’s guess. However, experts say that considering BTC’s activities in the last two weeks, breaking through these resistances will be a difficult task.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Bitcoin

The rise of the crypto casinos

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In the hyper-competitive world of online casinos, operators are always looking for ways to stand out from the crowd. The most usual methods include using distinctive branding, offering generous bonuses and making sure that they are on all of the major so-called affiliate sites where players can compare and contrast casinos’ different offerings.

But now a whole new generation of casinos are starting to emerge – ones whose key difference isn’t what and how you play, but more in how you pay.

The rise and rise of the cryptocurrency casino is seen by many as the next logical step in a world that is slowly but surely starting to accept that Bitcoin, Ethereum, Ripple, et al. are certainly here to stay.

Of course, it’s the first of these cryptocurrencies that has really grabbed the headlines and led the way with its meteoric performance in 2017 when it seemed like its $20,000 value was just the start of the story. Admittedly, this was short-lived and the value quickly fell back to a more sustainable level but, if it achieved one thing, it was to cement this exciting new kind of currency in the consciousness of the general public.

Why Bitcoin and online casinos are the perfect partners

In many ways, it’s the perfect partnership between Bitcoin and online casinos with multiple benefits for both.

The first of…

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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