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Bitcoin Price Prediction: BTC/USD Touches $9,297 Support; A Big Fall May Play Out

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Bitcoin (BTC) Price Prediction – June 14

Today, BTC/USD faced a pullback as the price slid below $9,300 and tested support near $9,297 price area.

BTC/USD Long-term Trend: Bullish (Daily Chart)

Key levels:

Resistance Levels: $10,500, $10,700, $10,900

Support Levels: $8,400, $8,200, $8,000

BTCUSD – Daily Chart

Since a few days ago, BTC/USD has not been able to breach the $10,000 resistance level following a recent rejection at $10,032. On the downside, support has been established at $9,300. BTC/USD is trading at $9,390 at the time of writing. The prevailing trend is having a bearish bias but the bullish interest has not left the market in spite of the resistance at $10,000.

However, the market is deciding below the 9-day and 21-day moving averages, where the buyers are anticipating a clear break down below the channel. More so, if the green-line of 21-day MA crosses above the red-line of 9-day MA, the market may experience more downtrends. Nevertheless, should the $9,500 level holds, the $9,800 and $10,000 levels may further surface as potential resistances where a strong bullish spike might take the price to the resistance levels of $10,500, $10,700, and $10,900.

Moreover, if the market continues to follow the downward trend, the price of Bitcoin may drop to $9,000, and should this support fails to contain sell-off, we may see a further roll back to $8,400, $8,200, and $8,000 support levels. Meanwhile, the technical indicator RSI (14) is facing down, the market may fall to immediate supports.

BTC/USD Medium – Term Trend: Raging (4H Chart)

On the 4-hour chat, Bitcoin bears are stepping back into the market, pushing the price below the 9-day and 21-day moving averages around $9,366. Although, the Bitcoin price has not yet slipped below $9,000 support level as the coin is still in the loop of making a bounce back at its price hovers around $9,396 which may take time to persistently trade above $10,000.

BTCUSD – 4 Hour Chart

At the moment, BTC/USD is making an attempt to cross below the lower boundary of the channel as the technical indicator RSI (14) is moving above 40-level. If it crosses below 40-level, the coin could resume a bearish movement which may likely drag the Bitcoin price to the nearest supports at $9,100, $8,900 and $8,700 while the potential resistance lies at $9,700, $9,900 and $10,100.

Please note: Insidebitcoins.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

Source: https://insidebitcoins.com/news/bitcoin-price-prediction-btc-usd-touches-9297-support-a-big-fall-may-play-out

Blockchain News

South Korean Hospitals to Usher in New Healthcare Era Using Blockchain Technology, AI and Big Data

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South Korean hospitals intend to set the ball rolling in ushering in a new healthcare era using industry 4.0 technology like blockchain, artificial intelligence (AI), and big data.

Leading the charge in to emerging technologies is Yonsei Medical Center, one of the most prestigious hospital groups in the nation, as it aims to foster an open innovative infrastructure for future healthcare services.

Advancing precision medicine

During a press conference held at Yonsei University, Yun Dong-seop, the director of Yonsei Medical Center, revealed that attaining the next-generation precision medicine necessitated an open innovative infrastructure coupled with information technology (IT), blockchain, digital medical care, AI, and big data.

He noted:

“It is a step forward from precision medicine that provides optimal treatment for each patient by analyzing personal genetic information, clinical information, and lifestyle habits, and provides new medical services through open infrastructure including digital.”

Blockchain technology will be instrumental in realizing data-centric hospitals by upgrading the quality of medical records. Data is to be collected using biosensors and digital neural networks for smart medical centers.

Digital treatment and research

Yonsei Medical Center has set its eyes on digital treatment and research by leading future medicine in various fields, such as diagnostic devices, new drug targets, medical devices, blockchains, and AI through medical technology holding companies.

Yun acknowledged:

“We will realize precision medicine for serious and intractable diseases in the future so that Yonsei Medical Center can grow into a global digital leader medical institution.”

Healthcare is a fundamental field in modern society. Blockchain-based solutions are being deployed to propel this sector to the next level. For instance, the Singaporean administration recently teamed up with local startup Accredify to establish a blockchain-powered digital health passport to boost medical records management.

This development would enable healthcare information to be kept in a digital wallet because the passport had already been piloted in May using COVID-19 data during the height of the global pandemic. 

Image source: Shutterstock Source: https://Blockchain.News/news/south-korean-hospitals-new-health-care-era-blockchain-technology-ai-big-data

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[AWS Certified Developer] – Associate Practice Test Exam

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An AWS Certified Solution Architect Associate practice test module to introspect and enhance your AWS learnings and expe

Udemy Link: https://www.udemy.com/course/aws-certified-developer-associate-practice-test-exam

Source: CodeForStartups

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AR/VR

VR Animation Baba Yaga Exclusive to Oculus Quest in 2021

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Baobab Studios, the team behind titles including Asteroids!Invasion! and  Crow: The Legend announced its fairytale animation Baba Yaga earlier this year, initially with a multiplatform release slated for 2020. With the launch of a debut teaser trailer, Baba Yaga has now been confirmed for next year on Oculus Quest.

Baba Yaga

Baba Yaga is a contemporary portrayal of the Eastern European legend, offering up a mixture of 2D pop-up animation, as well as hand-drawn and stop-motion styles for a visually unique short.

Viewers become the main character in this reimagined tale, who alongside their sister, decide to venture into the enchanted rainforest to help save their mother who becomes deathly ill. However, the forest is the domain of Baba Yaga, a witch who is sometimes a force for evil, sometimes a force for good, using her powers to halt the villager’s encroachment into her domain.

Offering up interactive elements, Baba Yaga allows you to make decisions in this short film which explores themes including empowerment and environmentalism.

Baba Yaga Madga Daisy Ridley

It’s also got a star-studded cast with Oscar winner Kate Winslet (The Reader, Titanic) starring as Baba Yaga, Daisy Ridley (Star Wars: The Rise of Skywalker, Ophelia) as Magda, Oscar and three-time Grammy winner Jennifer Hudson (Dreamgirls, Respect) as the enchanted forest, and three-time Golden Globe winner and Oscar nominee Glenn Close (The Wife, Albert Nobbs) as the mother. Whilst Baobab Studios co-founder Eric Darnell (MadagascarAntz) writes and directs.

Baba Yaga is part of the Raindance Immersive 2020 festival which began this week and runs until 15th November 2020. The title will now be available exclusively on Oculus Quest early 2021. For further updates on Baobab Studios’ projects keep reading VRFocus.

Source: https://www.vrfocus.com/2020/10/vr-animation-baba-yaga-exclusive-to-oculus-quest-in-2021/

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