Day: November 9, 2017

ETH/USD

Ethereum has finally done it, breaking above the $316 level. This is very likely going to be the beginning of a rally towards the $350 level, so therefore I think that short-term pullback should be buying opportunities and the $310 level should offer support. We are a little bit overbought at this point, so look at pullbacks as opportunities to go long.

ETH/BTC

Ethereum rallied against Bitcoin as well, reaching towards the 0.045 level. We are in overbought territory when it comes to the stochastic oscillator, so I think we could see a bit of a pullback and a move towards the 0.04 level underneath again. If we were to break out to the upside, I suspect that there is even more resistance at the 0.05 level, so I would only be more interested in selling to the upside of here.

Thanks for watching, I’ll be back tomorrow.

The post ETH/USD and ETH/BTC Technical Analysis November 10 2017 appeared first on NEWSBTC.

A blockchain consortium backed by a group of CSDs is pushing ahead with plans to develop a distributed ledger-based proxy voting system.

DASH/USD

DASH broke out during the session on Wednesday, and Thursday was more of the same. We have reached towards the $340 level, and then pulled back slightly. I believe in buying these dips, and I also recognize that we are now exiting a reasonably strong consolidation area with upward momentum. I believe that adding on dips will be the way to go over the next several sessions, as DASH should continue to work its way towards the $350.

LTC/USD

Litecoin has also rally during the day after initially dipping down to the $56 level. However, on the 4-hour chart we had formed a hammer, suggesting that the support is most certainly still there, and has been confirmed. I believe that Litecoin continues to be a “buy on the dips” scenario, and that we should continue to go much higher, with the next major resistance level showing itself at the $70 handle.

Thanks for watching, I’ll be back Monday.

The post DASH/USD and LTC/USD Technical Analysis November 10 2017 appeared first on NEWSBTC.

The platform has started its pre-ICO. The goal of the project is to eliminate the need for middlemen and create a win-win situation for the customer-retailer pairing. Business owners will be able to attract customers directly, without having to overpay for services and intermediaries. Consumers will have the liberty of choosing exciting offers and can gain rewards for referrals.

It’s a matter of principle for business to be able to attract new clients, there are many instruments with varying effectiveness that can be used in order to realize this. Media, contextual, targeting, and banner marketing techniques require a significant amount of resources in favor of middlemen, while the results are difficult to count up. Additionally, growing competition is driving expenses up.

One of the more appealing marketing techniques is the CPA model because retailers only have to pay for clients that were actually attracted to the business and it is easy to calculate and predict results. However, there are currently no efficient platforms for advertising as per the CPA model. Coupon aggregators could have taken the call to action, yet, their owners are only interested in chasing profits, and as a side effect they’ve created conditions under which retailers were forced to pay hefty fees as well as make discounts that were too large. Thus, it became ineffective to take this route.

So an issue has formed in the market where a significant portion of funds that were supposed to be used for advertising ended up in the hands of middlemen. While clients have no interest to refer their friends as well as people from their social circle to retailers.

Discounts and bonuses have always been attractive to consumers, and retailers really like the CPA model.The market needs a universal platform that can unite consumers and retailers under the CPA model which is favorable for businesses and with provides rewards for consumers, without intermediaries.

The goal of NAU is to rework the idea of coupons and create a completely new marketing reality. The platform will establish a direct connection between customers and retailers and will provide a great deal of motivation for users to refer others to the platform independently. Full transparency and security of the platform’s operations will be achieved thanks to Blockchain technology.

The NAU platform will function like so: A retailer creates a special offer for clients and establishes a price, which he will pay every time the offer is used. An interested client finds the offer on a map through the mobile application or filters. Platform users that have referred a new client, will receive 95% of the price that was established by the retailer. The other 5% will be received by the NAU platform.

This solution creates a lot of motivation for NAU users to attract new participants to the platform, which will inevitably lead to a viral effect in the consumer community. Eventually, a platform where retailers can escape having to overpay intermediaries and where consumers can enjoy interesting offers and be rewarded for referring new people will be created.

Why is it profitable to invest in NAU tokens?

Business will be able to use NAU tokens to pay for their clients to attract new users, as well as additional advertising options. Such as targeted notifications, search highlights, and the etc. The possibility of allowing clients to pay for retailer services and goods is planned to be implemented.

The high motivational factor for users to attract new clients to the platform in the form of referrals will create a genuine viral effect that will help the NAU community grow. Additionally, the platform will be promoted with marketing, this includes tokens being added to exchanges, advertisements, and promotional events, which will generate growth in the popularity of the NAU brand. Ultimately, the demand for tokens will grow, accompanied by a price increase. The token price growth will be supported by a lack of additional token emissions and transparency, which will be ensured by Blockchain technology.

The NAU token pre-ICO take place from the 1st November to the 27th of November.

The Hard Cap of this round is set at 50 million tokens.
The token price during the presale is: 1 NAU = $0.04 with a 35% bonus.
The ICO will take place from the 29th of November to the 29th of December.
Hard Cap: 300 million tokens.
Price of a token during the ICO: 1 NAU = $0.04 – $0.06 depending on the round.
Project website: https://nau.io
Whitepaper: https://tokensale.nau.io/pdf/NAU_WhitePaper.pdf
E-mail: [email protected]

The post The NAU platform will create a customer-retailer connection without intermediaries appeared first on NEWSBTC.

For me, 2013 has long stayed in my memory as a year that affected me personally – a year where one key event happened which impacted me directly.  Looking back on it now though it seems that history has repeated itself.

Firstly, though he wasn’t a new President, Obama was sworn in for his second term in the White House and once again this year we saw a new POTUS take charge.  Secondly, we also had a North Korean nuclear test that year, causing outrage but not to the extent that leads to the heated exchanges of words which we saw this year. We also had a number of catastrophic storms back in 2013 with the tornado in Moores, Oklahoma being particularly devastating.

But there were two things in particular that come to mind that are a carbon copy of 2013, one is the ever-approaching potential shut down of the US Government in December and the second is the incredible bull run of bitcoin.

2013- The “Year of The Bitcoin”

In 2013, the now infamous cryptocurrency was only 5 years old, but this was the time it first started to gain real attention from the market.  In January 2013, Bitcoin was trading around $12.15 per coin and had yet to show up on anyone’s radar. Then a financial crisis occurred in March which kick-started an incredible run for the remainder of the year.

In March 2013 a financial crisis gripped the small Mediterranean island of Cyprus, where the country needed to request $13billion bailout from the European Union and the International Monetary fund.  However, the terms of the rescue package were that Cyprus Central Bank had to raise $7.5 billion by taxing bank deposits. Cash restrictions on the populous were implemented to avoid a potential bank run and large depositors ended up losing as much 10% of their held capital. One of the major retail banks was forced to close and banks across the country followed suit for a number of weeks. Living in Cyprus as I do, and did at the time, this period was no pleasant experience.

An Alternative?

Despite Cyprus only having a population of under 1 million, these events caught the attention of the media all over the globe and was in many a headline. But it also caused people to take note of the potential of bitcoin.  Due to what had happened with the Cypriot Banks, bitcoin started to gain in popularity due to the fact that it was unregulated, and no government or bank could touch it. At the beginning of March, that year Bitcoin was already outperforming most traditional currencies and trading at around $32.20 per coin, by the end of March following the Cyprus crisis it has risen to $90.52 per coin.  In April 2013 it continueditst move higher, touching an all-time high of the time of $234.52. The following months it traded between at its lowest $66.83 and highest $196.24. Then suddenly in November 2013 it exploded. At the beginning of the month, Bitcoin opened at $194.42 per coin. By the end of the month it closed at a huge $1113.06 per coin. For the first time, 2013 was hailed the year of bitcoin.

It went on the following month to hit a new high of $1242 per coin due to increased demand from consumers in China until the Chinese Government finally decided that enough was enough and stepped in, barring all banks from handling bitcoin transactions. In the aftermath of the intervention, bitcoin collapsed the following year hitting a low of $100.91 per coin in August 2014.  However, this was the lowest it would drop to. From there, over the next two years it traded fairly evenly till January 2017 and, well, we all know what has happened since then.

Looking to the Future

Now the question to ask of course is will we see a repeat of what happened at the tail end of 2013?

First of all, like 2013 we have had further intervention by the Chinese authorities and other Governments, but as of yet it still hasn’t stopped this year’s incredible bull run. We have also seen many voices crying out “bubble” and “scam” but again bitcoin traders have brushed this off. The biggest difference between this year and 2013 is that despite the skeptics we are now seeing some real players in the market start to embrace Bitcoin, with the CME Group the latest exchange to announce its intention to launch bitcoin future contracts.

Will we have a reversal with bitcoin like we saw at the end of 2013? Only time for sure will tell but as long as the interest in this cryptocurrency continues, the chances that bitcoin could keep on rising will remain intact.

Author: James Trescothick, Senior Global Strategist at Easy Markets

The post Who remembers 2013? Bitcoin’s First Amazing Bull Run appeared first on NEWSBTC.

BTC/USD

Bitcoin fell slightly during the trading session on Thursday, reaching towards the $7000 level. However, this area has offered a significant amount of support, has a certain amount of psychological importance to it, and it looks as if the stochastic oscillator is ready to turn to the upside again. Because of this, I suspect that the buyers are going to return, as we simply grind between the $7000 and $7600.

BTC/JPY

Bitcoin fell a bit during the day against the Japanese yen as well. The ¥800,000 level looks very likely to offer support again, especially considering that the stochastic oscillator is looking to turn around and rally a bit. I think we will go looking towards the ¥880,000 level above, which has been resistance. A break above there is a signal to start adding to a long position.

Thanks for watching, how be back tomorrow.

The post BTC/USD and BTC/JPY Technical Analysis November 10 2017 appeared first on NEWSBTC.

The European Commission launched its “Blockchain for Social Good” contest Thursday, announcing a €5 million prize for the winner.

The cryptocurrency space is nearly a decade old and, from its beginnings as a fragmented sector, it has grown to include hundreds of incredibly successful companies, many of which play a crucial role in the framework that underpins the industry in its current iteration.

Many of these companies were started and run by individuals now seeking to expand their influence in the space. Keeping track of what the success stories of the last five years are doing today, can be a great way to identify the potential for success of various companies going forward, which, in turn, can be a great way to identify promising ICOs.

One individual, we’ve been watching closely is Ryan Fugger, founder of Ripple, and he’s just revealed his cards as to what he’s working on next.

Before we get into what he’s doing, and for anyone that’s not yet familiar with him, let’s quickly introduce Fugger.

Ryan Fugger, as mentioned, founded Ripple. Ripple is a payment protocol that is designed to allow banks to send real-time international payments across networks. Just like Bitcoin, it’s based on a decentralized ledger and the transaction process is similar in nature to that which underpins Bitcoin, but unlike Bitcoin, Ripple allows for inter-ledger transactions.

So, subsequent to the concept and creation of Ripple as a payment protocol, spearheaded by Fugger, Ripple the company was founded to serve as a sort of enterprise front for the protocol.

From concept to current state Ripple attracted considerable investment from some of the biggest names in tech – Andreessen Horowitz, Pantera, Google, IDG – and has recently attracted attention from the financial world (at which the concept is targeted), picking up funding from Santander, Accenture and Standard Chartered.

In June last year, the company was named as one of Fortune’s five Hottest Companies in Fintech.

So after all this success at Ripple, what’s Fugger doing now?

He’s now serving as an Advisor to a company called Clout. Clout is a blockchain and cryptocurrency-focussed media platform that’s set up in a similar fashion to a social media sharing platform like Reddit.

Users create and submit content, which is then consumed and – ultimately – assessed by other users. On the back of their assessment of the content being shared or submitted, the users that are doing the consuming can reward the content (and the users that created or shared it) with a token called CLC. CLC is issued on a one for one basis with another token called CLOUT, which is the company’s ICO token (the ICO is happening right now and you can take part here) and will also be tradable (post-ICO) over the various cryptocurrency exchanges that exist in the market today.

So what sets Clout apart from the above-mentioned platforms? In other words, what makes the team behind Clout, including Fugger, think that the company’s proprietary platform can outdo those that rely on a similar model and are established in the market today?

Well, we say the similar model for a reason. Clout differentiates itself from Reddit through the use of its CLC tokens as a voting tool, whereas Reddit uses the standard upvote system. This translates to direct monetary gain for content creators, incentivizing quality content production and sharing.

Further, Clout is crypto focused. The company bills it as follows:

“CLOUT will become the standard in quality for everything crypto: Users, Media, News, Social, ICOs, Investments, & Ratings – A ONE-STOP SHOP FOR EVERYTHING CRYPTO”

This sort of one-stop shop doesn’t exist right now. Media outlets and publishers are fragmented, often unreliable and – in some cases – biased based on ownership interests, that sort of thing. Clout is going to collect revenue from online advertising, sure, but the fact that users decide what content receives the most airtime (using the CLC payments) means that its coverage will remain independent.

So that’s what Fugger is working on? If he can get anywhere close to replicating the success he achieved at Ripple with Clout, the latter could be a real winner along with a Stellar management team including David A. Cohen as CEO, a Decentralized Software Pioneer and – by proxy – is for us on of the top ICOs to watch right now.

The post Here’s What Ryan Fugger of Ripple Notoriety Is Working on Now appeared first on NEWSBTC.

Bitcoin now holds a market cap of US$120 billion despite a heavy initial rejection of US$8,000. Bitcoin has now released 79.46% of its total supply through block rewards and will continue to do so on a deflationary schedule. The next block reward halving is set for June 12th, 2020. Miners will then receive 6.25 BTC per block, roughly every ten minutes.The highly contentious hard fork, SegWit2x, was recently called off due to lack of community consensus. The proposed changed was considered by some to be an upgrade to Bitcoin, was the second part of the New York Agreement (NYA) scaling plan, and would have increased the base block size to 2MB.

I’ve been passionate about technology since 2002. In 2014, I found out that my expertise could bring real value to people in the intersection of edtech and science when I cofounded GetCourse together with Marat Nigametzyanov and Sergey Mikhailov.

It is analogue of OntraPort and Kajabi, where trainers and coaches could develop and promote their courses. We help more than 1000 trainers to monetize their knowledge—their accumulating revenue is up to $50MM. Average CAGR is 193% per year and its revenue is $6MM. Blockchain technology together with Big Data will bring us one step further in providing people with smart tools for their personal development.

At GetCourse, we see two trends that are in line with global tendencies and the problems arising from them. And there are no solutions for them on the market.

First, the demand for tools for personal development is growing. At GetCourse, revenue of self-improvement courses has increased by 300% from $2MM to $6MM from 2014 to 2016. Globally, Facebook collects an enormous amount of data when asking users to pass various tests. It offers users recommendations, but in fact, it gains data. At the same time, professional methods of personality analysis are disordered and often poorly described, and data that their authors collect is getting lost. Neurobiologists, psychologists, and consultants conduct research on how the brain works, how to typologize people, and develop various methods of human personality analysis, discovering one’s strengths and weaknesses to find out people’s potential. Lack of data is a huge problem for scientists in working on their studies.

Second, there is a growing gap between researchers in human personality and tech-entrepreneurs who are developing products for the market. The number of self-improvement apps (For e.g., Remente and PersonalityPerfect, which ask you to assess your life and provide you with recommendations) is growing, but their creators do not have the opportunity to objectively evaluate what personal data interpretation to select for the app development. At GetCourse, we also see the gap between those who promote and sell courses and those who create content. In fact, people are lacking access to knowledge only because not every scientist can monetize their work.

Blockchain will bring order, equality, and transparency to human research methods

Our main mission when launching Human Discovery Platform is to create a blockchain-network of interpreting personal data methods and big data analysis tools for their statistical verification, and also to build architecture helping tech-entrepreneurs to launch products based on the methods. The platform will attract scientists, psychologists, and other experts by providing them with the tools to digitize their methods and store a large amount of data in an impersonal way for further development of the methods. Each author will input methods into the system by creating a block. Blocks will be stored in a blockchain-network and will be located on decentralized nodes that will run code for analysis. By combining blocks, complex analytical systems will be created. Tech-entrepreneurs will be able to develop highly-personalized apps on the basis of methods, combining the output recommendations via Big Data Analyzer.

We will issue Ethereum-based HD-tokens to ensure proper functioning of the ecosystem. Each time a consumer requests data analysis from an app, he will spend HD-tokens, which will go to the scientist-owned method[CC3] -block and to the node that runs code analysis. Consumers will receive some tokens when registering on the Platform. This will ensure traffic and provide entrepreneurs with an audience to buy their services, and scientists—with a data sample for their studies. The higher the demand for the tokens, the higher its price.

We believe that this decentralized system will attract more people than a centralized one, primarily because it will mean that data will not belong to a single company. A centralized system might use data for its own purposes: recall recent scandal around Facebook and Trump elections regarding Russian hackers. Transparency and equality are important values for us. We also will not evaluate the methods, because evaluation also means some kind of centralization format. We are building the infrastructure. Just like Ethereum is a platform for ICO and does not have a say over which ICO is good or bad, Human Discovery Platform will be an ecosystem for creating human personality analysis methods.

Currently, there is no other platform that provides scientists with both data samples and tools to monetize their knowledge.

Human Discovery Platform development launched in 2016, when we created a dating service on the Product level of the future Platform based on the Human Design method to test the concept. More than 15,000 users registered on the website in a month, and the interest towards the service in Russia is only increasing. On November 22nd, Human Discovery Platform will have a token sale. In June 2018, we will launch the Platform together with my team at GetCourse—me, Marat Nigametzyanov, Sergey Mikhailov, and around 30 IT-professionals.

The post How Blockchain and Big Data Can Discover Human Personality through Human Science Studies appeared first on NEWSBTC.

Key Points

• Bitcoin cash price is gaining pace and it recently moved above the $680 resistance against the US Dollar.
• Yesterday’s highlighted major bearish trend line with current resistance at $645 was broken on the hourly chart of BCH/USD (data feed from Kraken).
• The price is now eyeing an upside break above $700 for a move towards the $750 level.

Bitcoin cash price is surging higher towards $720-750 against the US Dollar. BCH/USD is now well above $650, which is a positive sign.

Bitcoin Cash Price Support

There was a nice upside move initiated during this week above $620 in Bitcoin cash price against the US Dollar. The price gained pace recently and was able to move above the 61.8% Fib retracement level of the last decline from the $682 high to $561 low. It has opened the doors for more gains and the price recently moved above $640. There was even a break above yesterday’s highlighted major bearish trend line with current resistance at $645 on the hourly chart of BCH/USD.

The pair also broke the $682 swing high, which means there are chances of it breaking the $700 level soon. It could even test the 1.236 extension of the last decline from the $682 high to $561 low at $714.9. If buyers remain in control, the price could even break $720 for further gains in the near term. Additional upsides should call for a test of the $750 level.

On the downside, the broken resistance near $650 may now act as a support. Moreover, the $640 and $620 levels are now strong supports and can be considered as buy zones in the short term.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is currently near the overbought levels.

Major Support Level – $650

Major Resistance Level – $715

Charts courtesy – Trading View, Kraken

The post Bitcoin Cash Price Technical Analysis – BCH/USD Eyeing $750? appeared first on NEWSBTC.

Jakarta, Indonesia – November 8, 2017 – Pundi X, a blockchain startup that aims to make cryptocurrencies an enabler of ubiquitous cashless payment environments across South East Asia, is pleased to announce several key appointments to strengthen its roster of angel investors and advisers including Professor David Lee Kuo Chen, a Stanford scholar and angel investor in OmiseGo and Kyber; Lon Wong, NEM Foundation founder and president; and Kenneth Oh, senior partner at law firm Dentons Rodyk and TenX advisor.

“We are very fortunate to have new active investors with experience in the development of some of the most successful blockchain ventures to date including NEM, OmiseGo, Kyber and TenX,” said Zac Cheah, CEO of Pundi X. “Having them on board is a testament to the potential for Pundi X to reach the goal of bringing cryptocurrencies and services to the next billion people across Asia and beyond.”

Professor David Lee is often credited as a driving force behind OmiseGo’s record ICO that sold out before it had even started. He is a visiting Fulbright Scholar (2015) at Stanford University and Professor for Fintech and Blockchain at SUSS. In addition to starting several companies, he is an active cryptocurrency and digital finance scholar, speaker, advisor and investor. Professor Lee’s previous investments include ZCash, Qtum, TenX, InfoCorp, Cybex, Netki, Bloq, HelloGold, Scry and Stack.

Lon Wong oversees the development and strategic growth of the NEM.io Foundation which was created for the promotion, adoption and support of NEM blockchain technology around the world. This open source technology utilizes advanced cryptography to execute transactions that can be used by both private and public enterprises. NEM’s native cryptocurrency, XEM, is ranked in the global top 10 by market cap, according to Coinmarketcap.com.

Kenneth Oh is a senior partner in the Dentons Rodyk and Davidson corporate legal practice in Singapore. He is also a partner in the firm’s China and Indonesia practices, advising companies such as TenX on business structure and on legal, contractual, tax, intellectual property, corporate finance and regulatory aspects of their cryptocurrency token sale.

Pundi X aims to solve the last mile challenge for access to reliable and trusted financial services for the next billion by enabling wide cryptocurrency adoption thanks to their POS smart device.

The Pundi X POS (Point of Sale) device enables anybody to buy, sell and use cryptocurrencies to pay for goods and services in retail stores as well as to access financial services, making them available to the large “unbanked” population in developing markets for the first time.

Pundi X will first deploy the POS device in Indonesia by building on the company’s existing Pundi-Pundi business model of cashless payment systems, which enables smartphone users to scan QR codes and makes instant payments in retail and restaurant outlets. Pundi-Pundi has already signed up more than 100,000 users and over 500 merchant partners in Jakarta in less than a year of operation.

About Pundi X
Pundi X is a blockchain startup that aims to make cryptocurrency an enabler of ubiquitous cashless payment environments across South East Asia and beyond. Pundi X POS enables shops, cafes and convenience stores to sell cryptocurrency to a broad cross section of consumers and builds on the success of Pundi-Pundi which is one of Indonesia’s most popular QR code cashless payment apps. The Pundi X ICO will provide funding for as many as 700,000 Pundi X POS devices to be installed over the next three years across all target markets.

For a detailed understanding of the platform and the team behind Pundi X, check out our website https://pundix.com

You can also find us on the following social media channels:
Website: https://pundix.com
Twitter: https://twitter.com/PundiXLabs
Telegram: http://t.me/pundix
Medium: http://medium.com/pundix
Facebook: https://web.facebook.com/pundixlabs
Youtube: https://www.youtube.com/channel/UCOIf6WeLEzZi3DQxzenTZeA
Telegram (Indonesian): https://t.me/pundix_id
Telegram (Chinese): https://t.me/pundix_zh
Telegram (French): https://t.me/pundix_fr
Telegram (Korean): https://t.me/pundixkorea
Kakaotalk (Korean): https://open.kakao.com/o/gNNBYXA
Facebook (Korean): https://web.facebook.com/Pundixkorea/
Telegram (Vietnamese): https://t.me/joinchat/D0-9GULzCrE_MUNqzxvj9g
Telegram (Spanish): https://t.me/pundix_es
Telegram (Russian): https://t.me/pundix_ru
Telegram (Japanese): https://t.me/pundix_jp
Twitter (Japanese): https://twitter.com/PundiXLabs_jp
Facebook (Japanese): https://web.facebook.com/pundixjp/
Telegram (Malay): https://t.me/pundix_my

The post Pundi X ICO backed by angel investors including NEM President and OmiseGo investor appeared first on NEWSBTC.

After months of collaboration, both the bank and IBM are satisfied with the results. They agreed that the pilot has resulted in improved transparency, data security, and general operations.

Bitcoin Price Key Highlights

• Bitcoin price had a tough time sustaining its climb after hearing news of the hard fork suspension.
• Price has retreated to its levels before the news broke out, creating a double top pattern.
• This is a classic reversal signal but bitcoin price has to break below the neckline to confirm the drop.

Bitcoin price has formed a classic reversal pattern on its 4-hour time frame as bearish pressure could kick back in.

Technical Indicators Signals

The 100 SMA is still above the longer-term 200 SMA so the path of least resistance is to the upside, which means that there’s a stronger chance for the rally to continue than to reverse.

Stochastic is also pulling up from the oversold region to signal a return in bullish momentum. A bullish divergence is also evident as the oscillator formed lower lows while price had higher lows since November 6.

RSI is treading sideways on middle ground to reflect further consolidation. If it points back down and heads south, bitcoin price might follow suit. The neckline is located around $7000 and the chart pattern is around $1000 tall so the resulting selloff could be of the same height.

Market Factors

There were some signs of relief when the hard fork uncertainty was lifted on the upgrade suspension, but this is still likely to happen at some point in the future. It also leaves the cryptocurrency without the ability to handle more transactions and benefit from the upgrade.

Meanwhile, the dollar is under pressure on setbacks to tax reform. The versions from the House and Senate have huge differences that aren’t likely to be resolved before the end of the year.

Strengthening bitcoin volumes in Japan and South Korea could continue to prop it higher, barring any major issues related to the upgrade or hard fork. Dollar action could still continue to take its cues from tax updates.

The post Bitcoin Price Technical Analysis for 11/10/2017 – Double Top Sighted? appeared first on NEWSBTC.