Daily Bitcoin Price Analysis: Bitcoin Fall Stops
Yesterday Bitcoin’s price was holding steady in the corridor of $375 - $387 as there were no releases of any news that could affect the price of Bitcoin. Sellers were unable to lower the price of Bitcoin below $375. Today however, the financial markets promise to be intense. New macroeconomic indicators have already been published in China with GDP growth in the 4th quarter at 1.6%, against previous value of 1.8%. The data on volume of industrial production is 5.9%, the previous was 6.2%. Investment in fixed assets in December reduced to 10.0%, against the previous value of 10.2%. The....
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After yesterday's rise, Litecoin dives down, trying to return to the level of $3.00. Already at $3.08, and a trend doesn’t show signs of a stoppage or downturn. Now traders are interested in whether Litecoin stops at the level of $3.00 or falls below. As it did yesterday, everything depends on behavior of Bitcoin. If it continues to fall, Litecoin will follow. LTC:BTC exchange rate remains a little lower than 0.008. DASH again sets up a record with a daily growth of 70%. Thus, daily trading volumes only on Poloniex are higher than 1000 Bitcoin for several days already. The top of 0.017....
Do altcoin cryptocurrencies await the performance of Bitcoin? Will Bitcoin fall from the $450 ceiling or push on to levels of $500 and more? Litecoin once again stood at $3.80, and is expected to roughly track Bitcoin’s rise and fall. Previously LTC:BTC had fallen to 0.079, having jumped sharply from 0.084. Now LTC:BTC is at 0.082 and continues to trend down. DASH loses 7% a day against the growth of the Bitcoin price, and goes under the level of 0.06. Bitcoin price growth continuation will lead DASH to fall to a level of 0.05 exchange rate and below, while long-awaited Bitcoin correction....
Yesterday, in the middle of the day, traders reluctantly bought Litecoin at the price of $3.02. At once the price made a jump, reaching $3.16 and Litecoin didn't stop there. The price got higher by the evening. By sunset Litecoin’s price was already at $3.32 and overnight traders were able to close transactions at a price of $3.44. And then an ambiguous statement from the People’s Bank of China was released. The main financial institution of the country announced plans of releasing its own digital currency. This statement forced the course of Bitcoin to fly up. Litecoin followed Bitcoin,....
Advertisements for Auroracoin, the Icelandic cryptocurrency, have begun to appear at bus stops all around the country. The advertisement, consisting only of “Auroracoin” in text and the coin’s logo on a white background. The advertisements are part of a public awareness campaign by the Auraráð, or Auroracoin, Foundation. According to Pétur Árnason, Auraráð Foundation chairman, these advertisements are meant to lay the groundwork for a resurgence of the Icelandic cryptocurrency later this year. “We have been preparing for Auroracoin promotion in Iceland for over a year now as we wanted to....
Bitcoin price is engaged in base-building for the next wave of advance. The marke traded price down to our target at $230 in a corrective ABC wave from Wednesday's high. The next wave up should see price targeting $250 and higher. 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: 13h47 UTC. Bitfinex 15-Minute Chart. Also Read: Why The Preference For BTC-China Charts In Analysis? From the analysis pages of xbt.social, earlier today: A very....