Bitcoin Price Rebounds to Mid-$700 Range
We've been in a pre-Christmas slump when it comes to the price of bitcoin, but things are seemingly looking up. Literally. This Thursday morning, the current bitcoin price is $765 USD at Mt. Gox and $726 USD at Bitstamp, up about 10% in the past twenty-four hours. It's a good sign, but like many other things in the bitcoinosphere, subject to change drastically. General speculation is that as the holidays approach, many sell off some of their assets (i.e. bitcoin, stock, etc.) to help fund Christmas. But now that's over, and an influx of new money is and will continue to hit the exchanges.....
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It certainly has been an interesting weekend when it comes to the price of bitcoin. Late last week, following an advisory that financial institutions in China steer clear of bitcoin, and the news that Baidu was no longer accepting bitcoin, the price took an absolute tumble. Today, the price has come up, with things overall looking more positive. Over 15 percent gains have been observed in the last 24 hours, effectively bringing the price at a hover in the mid-$900USD range at the time of this writing at Bitstamp. Mt. Gox is looking higher per usual, at about $975USD. The general theory is....
Recently, the Dogecoin price has been in decline, in part due to the recent Moolah scandal (Moolah had a strong presence within the Dogecoin community). But the Dogecoin price reversed course on Monday, rising nearly 20% after Twitch announced that they now accept Dogecoin as payment for their video game streaming subscription service. Also Read: Dogecar Driver Josh Wise Places 28th in NASCAR Talladega Race. Dogecoin Price Rebounds after Twitch Announcement. Upon hearing the announcement, investors immediately began rocketing up the Dogecoin price on exchanges. The Dogecoin price-which had....
DOGE's price could swell by more than 150% on a classic bullish reversal setup known as the falling wedge. A brutal correction witnessed in the Dogecoin (DOGE) market between May 2021 and February 2022, which saw the price dropping by almost 85%, appears to have come to a halt this month.DOGE/USD rebounds 30% in two weeksDOGE experienced strong dip-buying when its price crashed to levels around $0.10 two weeks ago, resulting in a 30% rebound move to $0.14 as of March 27. Meanwhile, the coin's upside retracement originated at a support level that constitutes a "falling wedge" setup,....
Ethereum price has reached psychological resistance. If it breaks through that line, the next stop is likely to occur at the $20 point. Another increase in volatility can provoke the launch of a new Blockchain consortium, which Microsoft will join. ETH/USD. The growth scenario continues. The hidden reversal structure is still intact. The price has failed to form a reversal at the key level of $12.7; it has led to a new upward impulse. When a hidden reversal takes place, the majority of traders usually open their deals at the nearest key lines. The rebounds, in that case, tend to be....
First a little recap from yesterday's bloodbath! Continuing its prevailing bearish momentum, Bitcoin value fell extensively during the Jan 14 trading session - dropping almost $60 in 12 hours on every major exchange. The volume reports were indicating heavy trading from both bulls and bears' side. The fundamentals were pointing towards mining hash rates that has expressively dropped two days back, following which a number of Bitcoin mining companies announced to suspend services, while others reported losses. At the same time, optimists expected lower value range to open buying....