Bitcoin Price-33 Expected to Make 'Extra Bullish' Move. CZ Says It's Time to Unfollow Bears

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  • Bitcoin (BTC) bulls are anticipating the looming monthly candle that could turn out to be 'extra bullish'

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According to trader Josh Rager, things will become 'extra bullish' for the price of Bitcoin (BTC) if it manages to print a monthly candle above the $9,250 level. 

If that's the case, Rager predicts that BTC could easily surge to $10,000 and re-test the point of control (the most traded price) of the time period from June to September. 

Bitcoin Price
image by @Josh_Rager

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Bitcoin is out of the bear woods (finally)

Meanwhile, eagle-eyed economist Raoul Pal has noticed that Bitcoin was breaking out of an inverse head-and-shoulder pattern. The fact that this formation has a weak right shoulder means that it could get even more powerful, thus emboldening the bulls.  

The right shoulder is formed when buyers persistently push the price higher. If the price surges above the resistance line, this pattern eventually gets invalidated. 

Bitcoin Price2

To top that off, BTC has already broken out of the enormous falling wedge formation that has been keeping the bulls in check for the last seven months, which indicates that they are now in full control of the market.   

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CZ urges you to unfollow the bears

Since the Bitcoin (BTC) price has once again managed to surge above $9,000, Changpeng Zhao, the CEO of Binance, said that is was time to unfollow bearish accounts that predicted BTC dropping to $5,000 (and ended up being terrible wrong). 

When CZ tweeted that 'slapping' was about to commence, Bitcoin's run-up to $9,000 ended up being a flash in the pan. 

He also predicted that Bitcoin could go to $16,000 soon-ish back in November before Bitcoin tanked all the way to $6,400 by the end of the year. 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin (BTC) Crime: British Man Gets Nine Years in Prison for Selling Lethal Drugs

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  • Justas Bieksa will have to serve nine years in prison after selling extremely dangerous drugs on the dark web

Justas Bieksa, a 34-year-old British man who ran a drug business on the dark web, has been sentenced to nine years in prison.

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Bieksa was selling multiple lethal drugs, including carfentanil and furanyl, for Bitcoin. The above-mentioned opioids are 100 times more potent than fentanyl. Carfentanil, for instance, is applied in medicine as a sedative for elephants and other large animals, which shows how powerful these fentanyl analogs can be for humans.         

“Fentanyl and its analogues, which Bieksa was selling, are extremely dangerous. Even a tiny amount could kill a user," said NCA Senior Investigating Officer Jim Cook. 

He continued that such drugs are also dangerous for anyone who comes in contact with them.    

Bieksa appeared in the crosshairs of the National Crime Agency (NCA) in July 2017 after he created an account on a dark web forum.

After a long investigation, Bieksa was busted at his home red-handed in September 2019, with police officers seizing his laptops with active orders, drug testing equipment, and packages.  

Cook stated that the nine-year prison time reflected his "dangerous and calculated" actions. 

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While the crypto industry is well beyond the days of Silk Road, Bitcoin drug deals remain rampant. Back in October, an Iraqi man was sentenced to 30 years in a US federal prison for selling fentanyl.  

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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