Bitcoin Price Breaks Out: Recovery Abound!
Last week, we got relatively little action in the bitcoin price as far as any discernible trend was concerned. Pretty much throughout the entire week we saw markets range up and down between predefined parameters, without really breaking out in any direction. However, over the weekend, we finally saw some action worth noting. Price looks to have made a medium-term recovery, and - with any luck - we can see a continuation of this recovery throughout today's European session and beyond. So, with this said, what are the levels we are keeping an eye on in the bitcoin price today, and where....
This is a guest post by Pamela Morgan, the CEO of Third Key Solutions. She is a widely respected authority on multi-signature governance, smart contracts, and legal innovation with cryptocurrencies. Third Key Solutions is the culmination of her work advising bitcoin startups in multi-signature governance processes and key management. Your company's recovery plan is the most important document you can create to ensure your business will survive an emergency. If you operate a bitcoin-, altcoin- or asset-token-based business, a recovery plan isn't just nice to have - it's absolutely....
Ethereum price remained under a lot of pressure, but if the sentiment remains stable, there is a chance of a minor correction in the near term.
Ethereum price after the recent assault against the US Dollar started to catch bids near $10.20 against the US Dollar.
There is a contracting triangle pattern formed on the hourly chart (data feed via Kraken) of ETH/USD, which may provide us the next break.
A break above it might take the price higher, and could ignite a larger recovery.
Ethereum Price Break.
Ethereum price ETH looks like stable now against the US Dollar....
Bitcoin price after a sharp decline towards $700 against the US dollar started a recovery. But it looks like upsides in BTC/USD are contained.
Bitcoin price moved down sharply this past week to trade close to the $700 handle against the US dollar before starting a recovery.
There is a recovery underway, as there is a flag pattern formed on the 4-hours chart (data feed from SimpleFX) of BTC/USD.
The price is currently facing a couple of important resistance levels, including $850 and $880.
Bitcoin Price Resistances.
There was a nasty decline in Bitcoin price against....
Bitcoin is currently staging a weak technical rebound from lows of $410, but the cryptocurrency faces two resistances which might stall the recovery process. The previous bottom of $433 is expected to act as the primary or immediate resistance. The level of $465 remains a major hurdle for bitcoin. The Christmas didn’t turn out to be merry for the bulls, and it looks like that with the majority of the market participants enjoying the year-end festivities, the cryptocurrency might not cross $465 in haste. The technical indicators are clearly reflecting the bearish undertone. I....
XCurrency. XCurrency is an altcoin with a focus on user anonymity. After rising quite a bit during mid-2014, the XCurrency price has been locked in a prolonged decline. However, the XCurrency price has risen 20% this week. Is this the start of a recovery? Also read: Nxttycoin Price Plummets As Encrypted Messaging App Fails to Catch On. XCurrency Price Up 20% This Week. The XCurrency price rose 20% this week after enduring a multi-month decline. The XCurrency price began the week at 31,219 satoshis. The downward skid continued until November 28, when the XCurrency price hit 30,314 satoshis.....
Assess Bitcoins? All you can do is examine the trading patterns, which do not provide a real analysis of any underlying economic value. The economics of investments are not solely based on supply and demand, and that is all that goes into Bitcoin prices.