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View Bitcoin’s drop from a record high of $20,000 clocked in December 2017 has ended up creating a falling channel similar to the one created in the 18 months leading up to the long-term bullish reversal seen in October 2015. If the same sequence of events unfolds, BTC could see a channel breakout later this year. An early move out of the falling channel cannot be ruled out, but may not yield stronger rally while the crucial 21-week moving average is trending south. The short-term bullish view put forward by the long-tailed doji candle created on Feb. 27 would gain credence if prices break above $4,040 in the next 24 hours, validating the bullish outside reversal candle on the three-day chart. That would open the doors to re-test of recent highs near $4,200. A repeated failure to break above $4,040 could end up fueling a pullback to immediate support at $3,927 (March 17 low).
Anders Fogh Rasmussen, previously both prime minister of Denmark and secretary-general of NATO, has joined blockchain identity startup Concordium as a strategic advisor. In an announcement Wednesday, the Switzerland-based firm’s chairman, Lars Seier Christensen, said Rasmussen will play a “pivotal” role in the firm’s global expansion plans. Concordium was founded by Christensen, who also founded Saxo Bank and was formerly its CEO. The startup is building what it describes as an identity (ID) and know-your-customer (KYC)-validating, regulatorily compliant blockchain network.
B2C2, a cryptocurrency liquidity provider based in London, has hired Rob Catalanello, a 25-year veteran of Wall Street, to lead its expansion into the U.S. Catalanello has held senior positions at the New York office of French bank Credit Agricole, where he was the head of fixed-income sales, and at Merrill Lynch (now part of Bank of America), where he ran foreign exchange (FX) sales. Earlier, he worked at Goldman Sachs and JPMorgan.
Bitcoin is currently approaching the next block, the analysts are more optimistic and the price of this asset. The most popular electronic currency Bitcoin is recovering after a sharp decline in the end of 2018. In May 2020, Bitcoin will continue to reduce the block bonus of 6.25 Bitcoin instead of 12.5 Bitcoin as it is today. This means reducing Bitcoin and helping Bitcoin prices to rise higher.
Today's bitcoin price (March 12): Bitcoin turned, the whole market struggled. Over the past few hours, the red color has dominated the market, the price of Bitcoin and the Altcoin have not had any positive changes, even some altcoin has a quite strong decline. Trading volume of the last 24 hours reached 33.46 billion USD, an increase of 6% compared to March 11.
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Blockchain Launches Institutional Product, Blockchain Principal Strategies