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Bitcoin Price Analysis: BTC/USD Crucial Resistance at $1070

Bitcoin price somehow managed to move back above $1000 against the US Dollar found resistance, but let’s find out why $1070 is a monster barrier for BTC/USD. Looking at the 4-hours chart, there is a crucial bearish trend line with resistance at $1070 for BTC/USD (data feed via Poloniex), which is acting as a barrier. Let’s read more about it. Bitcoin Price Resistance and Trend Earlier thi...

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Bitcoin Price Declines As PBOC Announces Investigation

Bitcoin Price Declines As PBOC Announces Investigation

Leading bitcoin prices plummeted in China on Wednesday evening, after The People’s Bank of China (PBOC) revealed it was placing the country’s major bitcoin trading platforms under close scrutiny. It is the first regulatory move China’s central bank has taken over the virtual currency,...

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