Bitcoin Price Recovers Slightly on Sunday
Following the dip in price of Bitcoin last week, it would appear as if the cryptocurrency is once again making its way back up, passing $200USD today on Mt. Gox. There's no way of telling if the upward path with continue, but if one thing's certain, we should definitely see more movement on Monday and Tuesday, continuing into the week. Obviously, I'll do my best to keep on top of this as the week progresses.
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As the chart shows, the range we are looking at this morning is defined by in term support at 406.5 and resistance at 408.5. At the end of last week, we noted that much of the action over the last couple of months, i.e. the big moves that have shifted our fundamental bias, have come at the weekend. More specifically, during the Sunday session. This seems counterintuitive – in the more traditional asset markets Sunday is generally a closed out day – but the majority of exchanges in the crypto space operate non stop, so that we would get a bit of volatility ahead of the Asian open on a fresh....
Here's a look at what we are focusing on in the bitcoin price this morning. Here we go then. Another week’s worth of trading under our belt in the bitcoin price, and a fresh week ahead of us. At the end of last week, we set up against some slightly wider than normal weekend action. We looked at the hourly charts as opposed to the minute charts, and put a framework in place that was designed to take advantage of any longer-term weekend volatility – that is, something slightly outside of the traditional intraday momentum. As things turned out, this strategy worked pretty well. Action over....
Bitcoin ($BTC) bounced back to $101K late Sunday, shaking off losses incurred after US and Israeli airstrikes on Iranian nuclear sites early that morning. Amid the chaos, BitMEX’s Arther Hayes predicted that $BTC will rebound thanks to ‘its safe haven status.’ As $BTC looks to strengthen its position as a store of value, now could […]
The Puerto Rico Blockchain Trade Association is seeking the Bitcoin community’s help as the island recovers from Hurricane Fiona.
Happy Sunday, and welcome back to another Bitcoin News in Review, where we feature some of the top stories of the week, here on CryptoCoins News. This week, the bitcoin price dropped below $200 USD before slightly rising again to the low $200's, bitcoin scam CryptoDouble disappeared with over 2000 bitcoins, bitcoin payments processor EgoPay ceased all trading, and more. Keep scrolling for this week's top stories. Bitcoin Price. The bitcoin price dropped to nearly $150 USD this week, before going back up to the low 200s. This continues the long downwards price trend we've seen over the past....