The Bears Win this Bitcoin Price Battle

The Bears Win this Bitcoin Price Battle

It appears a tug of war between the bulls and the bears, stalemated for a while, is finally being tilted toward the bears. For several days now, in the shorter term time frames, there has been a preponderance of evidence or clues, that the market wanted to go lower. As markets are known to do, it stubbornly refused to do so. Eventually gravity wins, and what wants to go down, does go down, especially when popular webwallets have security flaws. 8-hour Chart. Let's look at the 8-hour chart we saw last night. Note that for the first time since the October low, we have had a close beneath the....


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Ethereum (ETH) Price Trends: 4/08/2016

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Bitcoin Price Analysis and Cyberattack Compromises 76Mil JPMorgan Accounts

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Ethereum (ETH) Price Trends: 4/12/2016

Ethereum’s price is forming a sideway moment. The rebound off a critical level has indicated that the advantage is currently staying with the bears. Will the downward trend continue? Flat, or sideway movement always forms between two key levels. These levels are a result of the market's attitudes. If the price fortifies at any of the two resistances, that means that either bears or bulls have won the advantage. Thus, the basis of trading tactics during flat, are deals opened at such key levels. For Ethereum’s price to start moving upward, it has to break through the level of $8.8.

Quotes

For much of history since its beginning in ancient Egypt, the essence of cryptography—which takes its name from the Greek words for “hidden” and “writing”—lay in encoding language to keep a message secret.

Paul Vigna, The Age of Cryptocurrency