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Analyst Claims Bitcoin Drop Towards $7,000 Highly Probable

Bitcoin and the aggregated crypto market incurred a sudden influx of buying pressure late-yesterday that allowed most major cryptocurrencies to post some decent gains, although these were largely erased overnight as BTC dropped back down towards $10,400. Bitcoin’s consistent ability to post strong bounces with each visit into the $9,000 region certainly provides some justification for a bullish outlook on the cryptocurrency, but one analyst is now pointing to the existence of a large falling wedge, which may mean that BTC will drop as low as $7,400 before positing a sustainable rally. Bitcoin Fails to Rally Overnight At the time of writing, Bitcoin is trading up nominally at its current price of $10,440, which marks a slight rise from its 24-hour lows of below $10,400, but …

Slush Pool Operator Braiins Set to Rollout Upgrades

Braiins, a cryptocurrency mining pool operator based in Prague, is rebranding its company’s operation and bringing all of its products under a single umbrella. Updates Are Coming Braiins is the company behind Slush Pool, the original cryptocurrency mining pool with a hash rate of 5.32 Eh/s, per its website. After operating in the mining sector for some years, it appears to be set for a brand makeover and it's pushing out some upgrades for its popular products — Slush Pool and Braiins OS. According to Braiins Creative Director Luboš Bura?inský, Slush Pool customers should expect upgrades on the payout processes and the inclusion of more tokens. “For Slush Pool, we are about to release a completely reworked payout section,” he told Bitcoin Magazine. “The new…