Bitcoin Price - Potential Watershed at $250
The 1-day Bitcoin price chart is looking more bullish every week, yet there are some immediate technical influences at smaller timeframes that are affecting price. Technical analysis looks at a bearish influence in the 4-hour chart that is presently pushing price down. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 05h38 UTC. Bitstamp 4-Hour Chart. From the analysis pages of xbt.social, earlier today: Price Action. The lower high in....
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At "Inside Bitcoins the future of virtual currency" Bitcoin Conference in New York held on July 30th, Adam B. Levine, senior fellow with the Bitcoin Education Project and Editor in Chief and Co-host of Let's Talk Bitcoin! announced his ambitious project code-named "Watershed" (watershed.launchrock.com) in a well received speech, "Win-Win-Win-Win-Win: Rethinking Content Monetization with Bitcoin" with the collaboration of Farzad Hashemi. The speech laid out the foundation for a versatile audience supported content exchange system. More specifically, Levine told Bitcoin Magazine that....
Is this the moment of truth for the real value of Bitcoin? February seems to have been a watershed moment in its history. In hindsight, February can be viewed as a watershed moment in the history of Bitcoin. The entire month could be looked back upon by market specialists and economists, as the markets saw an enormous surge before correcting themselves later in the month.The flagship cryptocurrency asset, Bitcoin (BTC), hit its all-time high of $58,352 on Feb. 21 while finally breaking the $1 trillion mark in market capitalization. On the same day, the second-most prominent asset in the....
Recently, Wall Street companies have become increasingly interested in Bitcoin’s technology. One of these companies is Nasdaq OMX Group Inc.; this week Nasdaw announced a partnership with Cain — a new San Francisco-based startup — for a “Pilot Test Program” to test trading private company shares with the blockchain. Bob Greifeld, CEO of Nasdaq, stated: ”We are excited about the potential impact of this new endeavor with Chain on the transaction process. As Blockchain technology continues to redefine not only how the exchange sector operates, but the global financial economy as a whole,....
Bitcoin’s market capitalization has crossed the $1 trillion zone after the price per coin surpassed $53,650 per unit. The valuation comes 145 months after the launch of the Bitcoin network on January 3, 2009. ‘The First Trillion Is the Hardest’ The price of bitcoin (BTC) has surpassed the territory needed to have a $1 trillion market capitalization. The valuation is a milestone to many crypto supporters who have rallied for the leading currency for the last decade. For the last two weeks, digital currency advocates discussed BTC’s slow and steady approach toward the....
Editor's note: This guest post was written by Radoslav Albrecht, co-founder of peer-to-peer bitcoin lending platform Bitbond.net. He has a background in economics, worked at an investment bank in London, and runs the German bitcoin blog bitcoins21. The bitcoin price is probably the most discussed aspect about bitcoin. But only few discussions try to derive a quantified long-term price potential. Do not mistake potential for prediction. As Yogi Berra said: "It is tough to make predictions, especially about the future." Nobody is capable of accurate prediction. The price potential rather....