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  • ccmm's Avatar
    09-13-2018, 06:28 PM
    Cryptos and, in particular, bitcoin has increased in popularity and adoption over the past 24 months across the globe. Recently, Citigroup (NYSE:C) has announced new technology making Crypto transactions more secure and reducing the risk of such transactions. Additionally, Circle recently announced a US Dollar based Crypto-currency that is backed by Goldman-Sachs. News from Europe is that the EU has been urged to adopt common Crypto-Currency rules that will fuel more attention and enterprise on developing suitable Crypto solutions for the European markets. All of this plays into our research that a breakout/breakdown is inevitable and it is just a matter of time before this coiling price consolidation “apexes” and expands. This chart shows price of bitcoin massive breakdown washout below $6000 taking it back to prices before crypto became popular in early 2017.
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