Bitcoin Price to Reach $1500 by December as Support Continues Building
Technical indicators show that the bitcoin price is now preparing for a large, upward movement following the growth of intermediate support at $700. Prices have built support at $700, while a lateral market—previously estimated at a higher level—currently plays out. A big cradle formation suggests that the next stage will bring an upward movement with a technical objective around $1100. If this projection rings true, euphoric bubble activity could drive quotes higher to $1500 by December. Bitcoin trading volume has retracted enough to allow any increase to trigger the prices to the up....
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Bitcoin trading took price for another plunge below BTC-China's critical 1500 CNY level today. Buying support pulled price back above 1500 CNY and $242 on two occasions before an upward correction set in. 1500 CNY looks set to be tested again. 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 Trading and Price Analysis. Time of analysis: 10h51 UTC. BTC-China 1-Hour Chart. From the analysis pages of xbt.social, earlier today: Price has broken below the 1500 CNY support....
Bitcoin price volatility has increased, building building intermediate price levels as support references for the next rally. So, get ready for another ride to the moon, because the bulls are preparing for another stampede. After confirming a strong bullish consensus, prices are building intermediate levels as support references for when the next rise to $820 takes place. This further upward movement, if confirmed should increase volatility and create confusion, leading to a lot of profit taking action and false signals that could produce a lateral sideways market. Using last June’s....
Bitcoin price teetered on the edge of moving average support near $250 before finally rolling over the edge during the cross-over US/Asia-Pacific hours. Exchange charts show that price had sold off to their support floors near $220 and 1400 CNY before stabilizing near $230 and 1500 CNY. Bitfinex saw the January 2015 low of $160 on a downward spike. 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: 05h11 UTC. Bitstamp 1-Day Chart. From the....
Awareness of bitcoin in India has reached its highest level ever according to Google trend searches as the country still grapples with Prime Minister Modi’s shock tactic of demonetization which has recently exacerbated following a deadline of 30th December 2016 when all old ₹500 ($7) and ₹1,000 ($14) rupee notes must be exchanged. India’s economy, which used to operate at 90% or more on cash, now face shortages of the new ₹500 and ₹2,000 notes, incentivizing some to look for alternatives as money has seemingly dried up. Mr. Shoran, an engineer, tells Washington Times: “I remember standing....
Zcash (ZEC) fell below $50 for the first time on 6th December, building upon the steady losses it has suffered since going live on 28th October. The digital currency, which helps counterparties enjoy greater privacy by using zero-knowledge proofs called zk-SNARKS, fell to a low of $46 at 10:30 UTC, Poloniex figures reveal. ZEC lingered at this low price only briefly, quickly recovering to $47.71 by 10:40. The cryptocurrency briefly rebounded, hitting $50.71 some 30 minutes later, but at the time of reporting, ZEC tokens had fallen back below the $50 and were trading at sub-$48 levels.....