The Bitcoin Price Could Be Headed Toward Six Figures
The bitcoin price is rebounding from a 56% price drawdown, post a 228% recovery. Historically what comes next is yet another massive recoveryThe below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.As most people who own bitcoin know, price drawdowns that are greater than 50% have been a regular occurrence after each all-time high. What we also know is that bitcoin price has proven to significantly recover from every....
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Dogecoin Price Key Highlights. Dogecoin price is moving in a much larger range compared to its previous tight short-term consolidation. Price seems to have bounced off the bottom of the range around 43 to 44 Satoshis and may be headed back to the top. Dogecoin price stepped up its volatility in the recent trading range, breaking below its short-term consolidation but still unable to make further headway south. Headed for resistance? Technical indicators on the 1-hour chart of dogecoin price suggest that it is headed back towards resistance at 48 Satoshis. Stochastic is pointing north,....
Here's what we are looking to trade in the bitcoin price this evening and beyond, into the Asian session tonight. In this morning’s bitcoin price watch article, we discussed the potential for some volatility throughout today’s session. Bitcoin had a pretty up and down week last week, and while the action was conducive to our intraday strategy, it made for uncertainty as we headed in to a fresh session this week. Would the up and down action continue? Were we gearing up for some strength, or are we headed into a selloff? Well, the week is now officially underway, and it looks as though we....
At the end of last week, we published a piece highlighting the day's action in the bitcoin price, and offering up our suggestions for likely future action as we headed into the weekend. As well as a short synopsis of what we saw so far, we presented our readers with a few key levels to keep an eye on - key levels around which, with any luck, action would offer clues into where the bitcoin price was headed. Action has now matured over the weekend, and many of our forecast levels have been hit. So, with this said, what will we be watching as we head into a fresh week of trading? Take a quick....
The World Economic Forum's recent report that the Bitcoin block chain would be worth 10% of the world's GDP by 2027 did not give solid figures, for starters. But as noted in the report, and elsewhere, the WEF is referring to the overall value stored on the block chain - not to bitcoins themselves, necessarily. The report specifically says, on page 24: Smartcontracts.com provides programmable contracts that do payouts between two parties once certain criteria have been met, without involving a middleman. These contracts are secured in the blockchain as "self-executing contractual states",....
Late yesterday afternoon, shortly before the European session closed and as we headed into the beginning of the US session, we published this piece highlighting the day's action in the bitcoin price and outlining our forecast for the day's remaining action as we headed into Tuesday night and beyond. Now action has matured, what can we expect from bitcoin price as we head into a fresh day of trading? Let's take a look. As the chart shows, the bitcoin price traded in an overarchingly bearish trend throughout the night, confined between support and resistance of a downward sloping channel. At....