Analytics: Bitcoin Price Bottom is Close, Bullish Reversal to be “Strong”

Since Bitcoin (BTC) tapped $6,500 in late-November, analysts have been wondering if the bottom is really in. You see, the leading cryptocurrency bounced by 20% from $6,500, hitting $7,850 just a week back. Related Reading: Eat My Shorts: Everything You Need To Know About The Bitcoin Bart Pattern While some say that the fact that Bitcoin failed to crack the key resistance near $8,000 is decisively bearish, analytics companies in the industry are starting to believe that a bottom is forming. Bitcoin May Soon Bounce On-chain market intelligence firm Glassnode recently…

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‘Blockchain Is A Rapidly Maturing Technology in China’

Forkast Insights, the research arm of Asia-based Forkast, took an in-depth, comprehensive look at how blockchain technology is integrated in China. On Dec. 5, Forkast Insights presented its first report on how blockchain is being applied by the Chinese government and companies across the country. According to the report, blockchain technology is rapidly maturing and has a slew of “real-world, practical use cases that are far beyond the experimental stage.” Forkast Insights included the in-depth analysis and insights from top China-based blockchain insiders, academics, and leaders to see how one…

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