Bitcoin Price Due for a Modest Bounce

Bitcoin Price Due for a Modest Bounce

What a difference a day makes, or so they say. Today's market fall was completely expected. We discussed the reasons in detail in yesterday's article. No need to rehash it today. But where do we go from here? Where and when is the bottom? Fake news from China is only excuse for the market to move. The only this we can say with certainty about the bottom of this market is we are 24 hours and $30 closer to the end than we were yesterday. But, of course, that is unsatisfying to say the least. So let's indulge in a bit of speculation. 60-minute Chart. The 60-minute chart us the market found....


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Quotes

Irrespective of your opinion, the rise in popularity of cryptocurrencies cannot be ignored. Today, there are a number of billion dollar businesses that accept Bitcoin as a form of payment. These include Dell, Reddit, Expedia, PayPal, and most recently, Microsoft. So for the uninitiated who have not yet grasped what Bitcoin and other cryptocurrencies are, you ought to catch up.

WIRED, American magazine