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The second of the most comprehensive Blockchain and cryptocurrency conference in MENA and Eurasia will take place during two days in Istanbul on February 20-21, 2020 with the best international names in the sector. The conference will be the largest meeting in the region on behalf of the world of blockchain and cryptocurrency, with a wide range of topics focused on the financial technologies of the future, extensive networking opportunities and participation from more than 60 countries.

Turkey is a significant country for the world cryptocurrency community, thus this region preserves being an attractive meeting center for other countries. Indeed, according to Statista Global Consumer Survey 2019, Turkey is ranked first in the world cryptocurrency ownership. Currently 20% of the population in Turkey owns cryptocurrency.

The interest of the Turkey population in cryptocurrency, the presence of young entrepreneurs and investors serve as a reason for blockchain-based international projects to head towards this country. Moreover, international projects are being developed lately, as an example of which is Turkey’s one of the major football club Galatasaray’s preparation to launch its fan token. Besides, the Turkish government has announced plans to establish a national blockchain infrastructure to utilize distributed ledger technology (DLT) in public administration.

The main topics of the Blockchain Economy 2020 conference will include Blockchain technology and cryptocurrency, as well as Artificial Intelligence, Big Data, Decentralized Technologies, IoT and Global Citizenship. VIP Networking will be offered with special events at the conference which will last for 2 days and a special closing party will be held at the end as well. Sponsor companies, projects, entrepreneurs / professionals and participants will be brought together in a more sharing environment. In addition, workshops will take place as a surprise of the second conference and 3 start-ups will be graded in the competition. Furthermore, participants will also be able to tour Istanbul on the special Bitcoin Bus, and see the most beautiful locations of the city.

To join the conference, where the world-famous crypto entrepreneur John McAfee, Wall Street analyst Tom Lee and CoinPayments.net CEO Alex Alexandrov will be the keynote speakers and that will be held at the Istanbul WOW Convention Center, you can purchase your ticket on https://www.blockchaineconomy.istanbul/EN/.

In addition to the “Regular Ticket”, which includes all sessions for attendance, there is also a “Expo pass” for participants who wish to network with various blockchain-based companies and their representatives at the fairground.

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ado5jt4lotra , 2019-11-05 14:28:22 ,

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NewsBlock © 2019 - 2020 All rights reserved.

NewsBlock © 2019 - 2020. All rights reserved.


While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

Featured Image from Shutterstock


Nick Chong , 2019-11-10 12:00:38

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