Bitcoin Price Reverses Downward Trend To Tackle $1200 Once More

Bitcoin Price Reverses Downward Trend To Tackle $1200 Once More

Bitcoin’s price support is edging towards $1200 once again as the latest scaling-related controversy rolls on. According to data from Coinmarketcap, at press time Friday, Bitcoin is within $20 of the barrier for the first time since March 16. The upward trend reverses behavior over the past month, with external factors seeing the Bitcoin price dip as low as $914. Pressure resulting from the Bitcoin scaling debate occasionally produced marked impacts on the Bitcoin price itself, but the relationship has become more nuanced in recent weeks. The controversy surrounding the Chinese mining....


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Will the Downward Bitcoin Price Trend Continue?

http://cointelegraph.com/bitcoin-price-indexThe Bitcoin price is undergoing a correction within a downward trend. It’s approaching a point where it will decide between a continuation of the downward momentum, or an upswing. The downward trend has nott been broken yet. The current growth is just a rebound towards the medium-term downward direction. The BTCUSD price did not reach the medium-term resistance level of $417 and has formed a new key level at $409.

Ethereum (ETH) Price Analysis: 3/21/2016

What needs to happen for the downward Ethereum trend to continue? What awaits Ethereum’s price? The ETH/USD market failed to choose a specific direction during the weekend. After the downward trend stopped, the price started forming a recoil. Just like with Bitcoin, the sellers have started closing their deals for profit. The continuation of the downward trend depends on the level of $9.7, which Ethereum’s price has bounced off repeatedly, displaying the importance of that resistance. That’s why if the ETH/USD fortifies at that level, there will be a possibility of a downward movement with....

Further Trends on Altcoin Markets: Litecoin, DASH, ETH

Which resistance levels will be decisive for the weekly LTC/USD, ETH/USD and DASH/USD trends? It’ll be those, where the trends are most likely to change direction. One of the predicted scenarios of Litecoin’s price development has played out during this week. $3.25 was a key resistance level, which was broken through and then held by the sellers, after which the price formed a downward trend. Currently the weekly trend is heading downward. The LTC/USD price is recoiling after a downward trend.

Ethereum (ETH) Price Trends: 4/22/2016

Ethereum is forming a downward trend. For how long will that movement continue? Is the medium-term downward trend continuing? After fortifying and forming a turn to decline at the $8.5 resistance line, Ethereum’s price has formed a short-term downward trend. Ethereum is forming a downward trend. For how long will that movement continue? Is the medium-term downward trend continuing? After fortifying and forming a turn to decline at the $8.5 resistance line, Ethereum’s price has formed a short-term downward trend. The critical level for the downward trend is the same....

Ethereum (ETH) Price Trends: 4/05/2016

Ethereum’s price has undergone a natural fall. How long will the downward trend continue? Will the movement grow into a medium-term trend? There was not enough demand among the Bulls at the level of $11.5, which has caused a drop. The fortification at the level of $11.5 was a confirmation of that drop, which has caused a lack of demand from the buyers. The downward trend will continue, until the Bulls take the advantage once again. A fortification at the key level for the Bears, at around $11.4, will be a confirmation of that. In that case, a turn to growth towards $12 will....

Quotes

Gold is a great way to preserve wealth, but it is hard to move around. You do need some kind of alternative and Bitcoin fits the bill. I’m not surprised to see that happening.

Jim Rickards, American Lawyer, Economist and Investment Banker