Ron Mendoza

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Bitcoin Price Could Hit Low $8,000 Before Bouncing Back To $10,000

Bitcoin (BTC) couldn't sustain the momentum in the first month of the year and failed to record positive gains in February. After topping a little over $10,500, Bitcoin slipped to $8,500 last month, breaking key support level after key support level. The selloff after Feb. 18. resulted in BTC's struggling to get past $9,000 as of press time.

Fintech Startups Raised $33.9B In 2019 As Early Stage Startups Struggle

2019 has been massive for consolidation among fintech companies with notable deals like Fidelity National Information services acquiring Worldpay, Global Payments' acquisition of Total System Services, and Fiserv and First Data's merger. Early-stage fintech startups, on the other hand, struggle to get capital.

This Bitcoin Price Pattern Suggests Major Rally Incoming

What bulls are banking on is the "golden cross" pattern, which is a convergence of two moving averages (MA) that indicates that prices could be heading higher. The two moving averages that comprise it are one short-term and one longer-term.

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