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Bitcoin Cash Analysis: Retest of $400 Possible Before Fresh Increase

  • Bitcoin cash price rallied sharply above $700 before correcting lower against the US Dollar.
  • The price is now trading well below $600 and the 55 simple moving average (4-hours).
  • There was a break below a major bullish trend line with support near $660 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).
  • The pair could continue to move down towards $415 and $400 before it could start a fresh increase.

Bitcoin cash price is consolidating losses after a sharp decline from well above $700 against the US Dollar, similar to bitcoin. BCH/USD could retest $400 before the bulls appear again.

Bitcoin Cash Price Analysis

There was a strong increase in bitcoin cash price above the $600 and $650 levels. BCH price even cleared the $700 level and the 55 simple moving average (4-hours).

However, the price struggled to clear the $750 barrier. A high was formed near $738 before the price started a strong decline. There was a break below the $650 support zone and the 55 simple moving average (4-hours).

There was also a break below a major bullish trend line with support near $660 on the 4-hours chart of the BCH/USD pair. The pair dived below the $600 and $550 levels. It traded as low as $444 and it is currently consolidating losses.

It corrected above the 23.6% Fib retracement level of the recent dive from the $738 high to $444 low. However, the bears remained active near the $550 and $560 levels.

There was no test of the 50% Fib retracement level of the recent dive from the $738 high to $444 low. The price is showing bearish signs and trading well below $550. An initial support on the downside is near the $450 zone. The first major support is near the $415 level, below which the price might test $400.

On the upside, the price must settle above $550 for a fresh increase. A clear break above the $550 and $560 levels is must for a steady rise towards the $600 and $650 levels.

Bitcoin Cash Price

Bitcoin Cash Price

Looking at the chart, bitcoin cash price is clearly trading well below $600 and the 55 simple moving average (4-hours). Overall, the price could continue to move down towards $415 and $400 before it could start a fresh increase.

Technical indicators

4 hours MACD – The MACD for BCH/USD is gaining pace in the bearish zone.

4 hours RSI (Relative Strength Index) – The RSI for BCH/USD is now well below the 50 level.

Key Support Levels – $450 and $400.

Key Resistance Levels – $550 and $650.

The post Bitcoin Cash Analysis: Retest of $400 Possible Before Fresh Increase appeared first on Live Bitcoin News.

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EOS Price Analysis: Crucial Resistance Awaits Near $4.40

  • EOS failed to surpass the $5.500 zone and corrected lower against the US Dollar.
  • The price is currently trading well below $4.400 and the 55 simple moving average (4-hours).
  • There is a key contracting triangle forming with resistance near $4.000 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).
  • The pair could either recover nicely above $4.000 or it might decline again towards $3.200.

EOS price is consolidating losses below $4.500 against the US Dollar, while bitcoin is back above $50K. The price could gain bullish momentum once it clears the $4.400 resistance zone.

EOS Price Analysis

There were a couple of attempts by EOS price to clear the $5.500 resistance against the US Dollar. However, the bulls struggled to gain strength, resulting in a bearish reaction below the $5.000 support.

There was a sharp decline below the $4.500 and $4.400 support levels. The price even broke the $4.000 support and settled well below the 55 simple moving average (4-hours). It traded as low as $3.169 and recently started an upside correction.

There was a break above the $3.500 and $3.600 resistance levels. The price even climbed above the 23.6% Fib retracement level of the downward move from the $5.474 high to $3.169 low.

It is now consolidating near the $4.000 level. There is also a key contracting triangle forming with resistance near $4.000 on the 4-hours chart of the EOS/USD pair. The next major resistance above the triangle is near the $4.350 and $4.400 levels.

The 50% Fib retracement level of the downward move from the $5.474 high to $3.169 low is also near the $4.320 level to act as a hurdle. A clear break above the $4.350 and $4.400 resistance levels will most likely set the pace for a push towards the $5.000 level. Any more gains might lead the price towards the $5.500 level.

Conversely, there could be another downside correction below the triangle support at $3.700. The next key support is near the $3.500 level. Any more losses could lead the price towards the $3.200 support zone.

EOS Price

EOS Price

Looking at the chart, EOS price is clearly trading well below $4.400 and the 55 simple moving average (4-hours). Overall, the price could either recover nicely above $4.000 or it might decline again towards $3.200.

Technical indicators

4-hours MACD – The MACD for EOS/USD is struggling to gain in the bullish zone.

4-hours RSI (Relative Strength Index) – The RSI is still below the 50 level.

Major Support Levels – $3.700 and $3.200.

Major Resistance Levels – $4.400 and $5.000.

The post EOS Price Analysis: Crucial Resistance Awaits Near $4.40 appeared first on Live Bitcoin News.

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Litecoin (LTC) Price Analysis: $200 Holds The Key For Fresh Rally

  • Litecoin price started a sharp downside correction from the $250 resistance against the US Dollar.
  • LTC price is now trading well below $200 and the 55 simple moving average (4-hours).
  • There is a key contracting triangle forming with resistance near $188 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).
  • The pair must clear the $190 and $200 resistance level for more upsides in the near term.

Litecoin price is consolidating losses below $200 against the US Dollar, while bitcoin is above $50K. LTC price must settle above $200 to avoid another decline in the near term.

Litecoin Price Analysis

Recently, there was a sharp decline in bitcoin, Ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC extended its gains above the $220 and $235 resistance levels.

However, the price failed to clear the $250 resistance and started a sharp decline. There was a break below the $220 support level. There was also a break below a major bullish trend line with support near $220 on the 4-hours chart of the LTC/USD pair.

It opened the doors for more losses below $200 and the 55 simple moving average (4-hours). The price even declined below the $180 support and tested $160.

A low is formed near $158 and the price is currently correcting higher. It broke the 23.6% Fib retracement level of the recent decline from the $250 swing high to $158 low. It seems like there is a key contracting triangle forming with resistance near $188 on the same chart.

The next major resistance is near the $200 zone. The 50% Fib retracement level of the recent decline from the $250 swing high to $158 low is also near $202.

To move back into a positive zone, the price must clear the $200 resistance zone. The next key resistance is near the $220 level. Conversely, there is a risk of another decline below the $175 and $170 levels. The main support is near $160, below which the price might test $150.

Litecoin (LTC) Price

Litecoin (LTC) Price

Looking at the chart, litecoin price is now trading well below $200 and the 55 simple moving average (4-hours). Overall, the price must clear the $190 and $200 resistance level for more upsides in the near term.

Technical indicators

4 hours MACD – The MACD for LTC/USD is currently struggling to gain pace in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for LTC/USD is still well below the 50 level.

Key Support Levels – $170 and $160.

Key Resistance Levels – $190 and $200.

The post Litecoin (LTC) Price Analysis: $200 Holds The Key For Fresh Rally appeared first on Live Bitcoin News.

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Tron (TRX) Price Analysis: Key Breakout Zone Sits At $0.051

  • Tron price started a strong decline and traded below the key $0.0500 support against the US Dollar.
  • TRX price is now recovering from $0.0380, but it is still well below the 55 simple moving average (4-hours).
  • There was a break below a key contracting triangle forming with support near $0.0560 on the 4-hours chart (data feed via Bitfinex).
  • The pair could start a fresh increase if it clears the $0.0510 resistance zone in the near term.

TRON price is correcting losses above $0.0450 against the US Dollar, similar to bitcoin is rising. TRX price could start another upward move above $0.0510 and $0.0520.

Tron Price Analysis

After a steady increase, tron price failed to continue higher above the $0.0650 barrier against the US Dollar.  As a result, TRX price started a fresh decline below the $0.0600 support and the 55 simple moving average (4-hours).

There was a break below the $0.0580 and $0.0550 support levels. There was also a break below a key contracting triangle forming with support near $0.0560 on the 4-hours chart. Tron price declined below the $0.0500 support and it even spiked below the $0.0400 level.

A low is formed near $0.0378 and the price is currently correcting higher. It is trading above the $0.0420 level. There was a break above the 23.6% Fib retracement level of the downward move from the $0.0648 high to $0.0378 low.

An immediate resistance on the upside is near the $0.0500 level. The first major resistance is near the $0.0510 level. It is close to the 50% Fib retracement level of the downward move from the $0.0648 high to $0.0378 low.

The next major resistance is near the $0.0520 level. A clear break above the $0.0510 and $0.0520 levels will most likely pump the price above the $0.0550 resistance. The next major hurdle for the bulls sits at $0.0600.

Conversely, the price might struggle to settle above the $0.0500 level. An initial support on the downside is near the $0.0450 level. The next major support is near the $0.0420 level, below which there is a risk of a drop towards the $0.0365 support zone.

Tron (TRX) Price

Tron (TRX) Price

The chart indicates that TRX price is clearly approaching a major hurdle near $0.0510 and $0.0520. Overall, the price could start a fresh increase if it clears the $0.0510 resistance zone in the near term.

Technical Indicators

4 hours MACD – The MACD for TRX/USD is slowly gaining momentum in the bullish zone.

4 hours RSI – The RSI for TRX/USD is rising towards the 50 level.

Key Support Levels – $0.0450 and $0.04520.

Key Resistance Levels – $0.0520, $0.0520 and $0.0550.

The post Tron (TRX) Price Analysis: Key Breakout Zone Sits At $0.051 appeared first on Live Bitcoin News.

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Bitcoin Price Analysis: BTC Could Rally Again If It Overcomes $52K

  • Bitcoin price rallied to a new all-time high near $58,440 before correcting lower against the US Dollar.
  • The price declined sharply below $52,000 and the 55 simple moving average (4-hours).
  • There was a break below a major bullish trend line with support at $51,660 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).
  • The pair is recovering, but it must surpass $52,000 to continue higher in the near term.

Bitcoin price started a downside correction from well above $55,000 against the US Dollar. BTC is recovering losses, but the $52,000 resistance holds the key in the near term.

Bitcoin Price Analysis

In the past few days, there was a steady increase in bitcoin price above the $50,000 resistance against the US Dollar. BTC broke the $52,000 and $55,000 resistance levels to move further into a positive zone.

A new all-time high was formed near $58,440 before there was a downside correction. The price dipped below the $55,000 and $52,500 levels. There was also a break below a major bullish trend line with support at $51,660 on the 4-hours chart of the BTC/USD pair.

The pair dived below the $50,000 support zone and extended its decline towards $45,000. It traded as low as $44,892 and recently started a decent recovery wave.

There was a break above the $48,000 resistance level. The pair climbed above the 23.6% Fib retracement level of the recent drop from the $58,442 high to $44,892 low. It is now trading just above $50,000, but the bulls are facing many key hurdles.

The first major resistance is near the $51,600 level. It is close to the 50% Fib retracement level of the recent drop from the $58,442 high to $44,892 low. The main resistance is now forming near the $52,000 level and the 55 simple moving average (4-hours).

A close above the $52,000 level is needed to start a fresh increase. In the stated case, the price will most likely rally above the $55,000 level. Conversely, there could be another downside correction below the $48,000 support. The main support is forming near the $45,000 level.

Bitcoin Price

Bitcoin Price

Looking at the chart, bitcoin price is clearly facing hurdles near $52,000 and the 55 simple moving average (4-hours). Overall, the price is recovering, but it must surpass $52,000 to continue higher in the near term.

Technical indicators

4 hours MACD – The MACD is now gaining momentum in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI is recovering towards the 50 level.

Key Support Levels – $48,000 and $45,000.

Key Resistance Levels – $51,600, $52,000 and $55,000.

The post Bitcoin Price Analysis: BTC Could Rally Again If It Overcomes $52K appeared first on Live Bitcoin News.

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Cardano (ADA) Price Analysis: Why Dips Remain Attractive Below $1

  • ADA price extended its rally and it even surged above the $1.00 resistance against the US Dollar.
  • The price is trading nicely above the $0.9500 support and the 55 simple moving average (4-hours).
  • There is a major bullish trend line forming with support near $0.9550 on the 4-hours chart (data feed via Bitfinex).
  • The price is likely to continue higher above the $1.05 unless there is a close below $0.9500.

Cardano price is trading in a strong uptrend above $0.9500 against the US Dollar, similar to bitcoin. ADA price is likely to continue higher towards the $1.20 resistance zone.

Cardano Price Analysis

Cardano price remained in a strong uptrend above the $0.8000 pivot level against the US Dollar. The ADA/USD pair broke the $0.9500 and $1.00 resistance levels to move further into a positive zone.

It even broke the $1.10 resistance and tested the $1.20 zone. A new 2021 high was formed near $1.19 before there was a sharp downside correction. The price spiked below the $1.10 and $1.00 support levels.

There was also a spike below the $0.9500 support level and the 55 simple moving average (4-hours). However, there was no close below $0.9500. The price traded as low as $0.8369 and recovered sharply above $0.9000. It is now trading nicely above the $0.9500 support and the 55 simple moving average (4-hours).

There was a break above the 50% Fib retracement level of the downside correction from the $1.19 high to $0.8369 low. However, the price is facing a strong resistance near the $1.10 level.

The 76.4% Fib retracement level of the downside correction from the $1.19 high to $0.8369 low is also stopping a fresh increase. A clear break above the $1.10 resistance is must for a fresh increase towards the $1.20 and $1.25 levels in the near term.

On the downside, there is a major bullish trend line forming with support near $0.9550 on the 4-hours chart. If the pair fails to stay above $0.9500, there is a risk of a fresh decline towards the $0.8500 support.

Cardano (ADA) Price

Cardano (ADA) Price

The chart indicates that ADA price is clearly trading nicely above $0.9500 and the 55 simple moving average (4-hours). Overall, the price is likely to continue higher above the $1.05 unless there is a close below $0.9500.

Technical Indicators

4 hours MACD – The MACD for ADA/USD is showing positive signs in the bullish zone.

4 hours RSI – The RSI for ADA/USD is still above the 50 level.

Key Support Levels – $0.9500 and $0.8500.

Key Resistance Levels – $1.10 and $1.20.

The post Cardano (ADA) Price Analysis: Why Dips Remain Attractive Below $1 appeared first on Live Bitcoin News.

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Ethereum Price Analysis: ETH Starts Major Downside Correction

  • Ethereum price traded to a new all-time high at $2,043 before correcting lower against the US Dollar.
  • ETH price is currently trading well below $1,750 and the 55 simple moving average (4-hours).
  • There was a break below a major bullish trend line with support near $1,840 on the 4-hours chart (data feed from Coinbase).
  • The pair is likely to continue lower towards the $1,640 and $1,600 levels in the near term.

Ethereum price is correcting gains from well above $2,000 against the US Dollar. ETH/USD is likely to revisit $1,600 before it could climb again.

Ethereum Price Analysis

After a close above $1,850, Ethereum extended its rise against the US Dollar. ETH even broke the $1,950 and $2,000 resistance levels. It traded to a new all-time high at $2,043 and settled above the 55 simple moving average (4-hours).

However, the price failed to extend gains above $2,050 and recently corrected lower. There was a sharp decline below the $1,850 support level. There was also a break below a major bullish trend line with support near $1,840 on the 4-hours chart.

The price dived below the $1,750 support and the 55 simple moving average (4-hours). It even spiked below $1,600 and traded as low as $1,510. Recently, there was an upside correction above $1,600 and $1,650.

The price climbed above the 23.6% Fib retracement level of the downward move from the $2,043 high to $1,510 low. However, the price failed to continue higher above the $1,800 level.

It seems like the bulls failed near the 50% Fib retracement level of the downward move from the $2,043 high to $1,510 low. The price is moving lower and trading well below $1,750. It seems like the price might continue to move down towards $1,600. The next major support sits near the $1,500 level.

Conversely, the price might start a fresh increase above the $1,750 and $1,800 resistance levels. The main resistance is now forming near $1,850 and the 55 simple moving average (4-hours).

Ethereum Price

Ethereum Price

Looking at the chart, Ethereum price is clearly trading in a bearish zone below $1,850 and the 55 simple moving average (4-hours). Overall, ether price likely to continue lower towards the $1,640 and $1,600 levels in the near term.

Technical indicators

4 hours MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.

4 hours RSI (Relative Strength Index) – The RSI for ETH/USD is now well below the 50 level.

Key Support Levels – $1,600, followed by the $1,500 zone.

Key Resistance Levels – $1,750 and $1,850.

The post Ethereum Price Analysis: ETH Starts Major Downside Correction appeared first on Live Bitcoin News.

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Stellar Lumen (XLM) Price Could Correct To $0.40, Upsides Capped

  • Stellar lumen price failed to settle above $0.5500 and corrected lower against the US Dollar.
  • XLM price is now trading well below $0.5200 and the 55 simple moving average (4-hours).
  • There was a break below a major bullish trend line with support near $0.5000 on the 4-hours chart (data feed via Kraken).
  • The pair could continue to move down towards the $0.4400 and $0.4200 support levels.

Stellar lumen price is correcting gains below $0.5000 against the US Dollar, while bitcoin remains strong. XLM price is likely to drop $0.4000, where the bulls are likely to appear.

Stellar Lumen Price Analysis (XLM to USD)

After forming a high near $0.6075 level, stellar lumen price started a strong decline against the US Dollar. The XLM/USD pair broke the $0.5000 support level and the 55 simple moving average (4-hours).

It traded as low as $0.4257 before starting a fresh increase. It recovered above the $0.4800 and $0.5000 resistance levels. There was even a spike above the 50% Fibonacci retracement level of the downward move from the $0.6075 swing high to $0.4257 low.

However, the price struggled to clear the $0.5400 resistance. It remained below the 61.8% Fibonacci retracement level of the downward move from the $0.6075 swing high to $0.4257 low. There is also a key bearish trend line forming with resistance near $0.5200 on the 4-hours chart.

The price is currently declining and trading well below $0.5200. It broke the $0.5000 support level and the 55 simple moving average (4-hours). There was also a break below a major bullish trend line with support near $0.5000 on the same chart.

It seems like the price is likely to continue lower towards $0.4400 or $0.4320. Any more losses may possibly lead the price towards the main $0.4000 support zone.

On the upside, the price is facing resistance near the $0.5000 and $0.5200 levels. A clear break above the $0.5200 level could open the doors for a fresh increase towards the $0.6000 level.

Stellar Lumen (XLM) Price

Stellar Lumen (XLM) Price

The chart indicates that XLM price is clearly trading well below $0.5200 and the 55 simple moving average (4-hours). Overall, the price could continue to move down towards the $0.4400 and $0.4200 support levels.

Technical Indicators

4 hours MACD – The MACD for XLM/USD is slowly gaining momentum in the bearish zone.

4 hours RSI – The RSI for XLM/USD is currently well below the 50 level.

Key Support Levels – $0.4320 and $0.4000.

Key Resistance Levels – $0.5000, $0.5200 and $0.5500.

The post Stellar Lumen (XLM) Price Could Correct To $0.40, Upsides Capped appeared first on Live Bitcoin News.

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Ripple Price Analysis: Risk of More Losses Towards $0.46

  • Ripple price failed to extend gains above the $0.5800 resistance level against the US dollar.
  • The price is now trading well below the $0.5500 zone and the 55 simple moving average (4-hours).
  • There is a key bearish trend line forming with resistance near $0.5550 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).
  • The pair is likely to continue lower towards the main $0.4650 support zone in the near term.

Ripple price is struggling to settle above $0.5200 against the US Dollar. XRP price is correcting gains, but the bulls are likely to remain active near $0.4650.

Ripple Price Analysis

After an upside break above the $0.5500 resistance, ripple price faced a strong resistance against the US Dollar. The XRP/USD pair topped near the $0.5835 level and recently started a fresh decline.

There was a break below the $0.5500 support level and the 55 simple moving average (4-hours). There was also a break below a connecting bullish trend line with support near $0.5450 on the 4-hours chart of the XRP/USD pair.

The pair traded as low as $0.4700 and recently started an upside correction. It broke the 50% Fib retracement level of the downward move from the $0.5836 high to $0.4700 low. However, the price seems to be facing a strong resistance near the $0.5500 zone and the 55 simple moving average (4-hours).

There is also a key bearish trend line forming with resistance near $0.5550 on the same chart. XRP also failed to clear the 76.4% Fib retracement level of the downward move from the $0.5836 high to $0.4700 low.

It is now showing a lot of positive signs and trading well below $0.5320. An initial support on the downside is near the $0.5050 level. The first major support sits near the $0.5000 level. The main support is near the $0.4650 level, below which there is a risk of a sharp decline in the coming sessions.

On the upside, the main major resistance is near the $0.5500 level. A clear break above the $0.5500 resistance may possibly start a fresh increase above the $0.5800 level.

Ripple Price

Ripple Price

Looking at the chart, ripple price is clearly trading well below the $0.5500 zone and the 55 simple moving average (4-hours). Overall, the price is likely to continue lower towards the main $0.4650 support zone in the near term.

Technical indicators

4 hours MACD – The MACD for XRP/USD is slowly gaining momentum in the bearish zone.

4 hours RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Key Support Levels – $0.5050, $0.5000 and $0.4650.

Key Resistance Levels – $0.5500 and $0.5850.

The post Ripple Price Analysis: Risk of More Losses Towards $0.46 appeared first on Live Bitcoin News.

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Bitcoin Cash Analysis: Fresh Upside Break above $720 Likely

  • Bitcoin cash price rallied sharply above $550 and $650 against the US Dollar.
  • The price traded as high as $774 and settled well above the 55 simple moving average (4-hours).
  • There is a key contracting triangle forming with support near $688 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).
  • The pair could either correct lower below $680 or it might a fresh rally above $720.

Bitcoin cash price is consolidating gains after a strong rally to $774 against the US Dollar, similar to bitcoin. BCH/USD could start a fresh increase unless it breaks the $600 support.

Bitcoin Cash Price Analysis

After forming a support base above $500, bitcoin cash price started a strong increase. BCH price broke the $550 and $600 resistance levels to move into a positive zone.

The bulls gained strength and pumped the price over 30%. There was also a break above the $700 level and the price settled well above the 55 simple moving average (4-hours). A high is formed near $774 and the price is currently consolidating gains.

There was a break below the $720 support level. The price even traded below the 23.6% Fib retracement level of the recent rally from the $601 swing low to $774 high.

An initial support is near the $685 level. There is also a key contracting triangle forming with support near $688 on the 4-hours chart of the BCH/USD pair. The triangle support is close to the 50% Fib retracement level of the recent rally from the $601 swing low to $774 high.

Any more losses may possibly call for a decline towards the $600 support level and the 55 simple moving average (4-hours). On the upside, the price is facing a key resistance near $705 and $720.

A clear break above the $605 and $620 levels is must for more gains in the near term. The next major resistance is near the $775 level, above which BCH could test $850.

Bitcoin Cash Price

Bitcoin Cash Price

Looking at the chart, bitcoin cash price is clearly trading nicely above the $680 level and the 55 simple moving average (4-hours). Overall, the price could either correct lower below $680 or it might a fresh rally above $720 in the near term.

Technical indicators

4 hours MACD – The MACD for BCH/USD is losing pace in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for BCH/USD is still above the 50 level.

Key Support Levels – $685 and $600.

Key Resistance Levels – $720 and $775.

The post Bitcoin Cash Analysis: Fresh Upside Break above $720 Likely appeared first on Live Bitcoin News.

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