Bitcoin Price Hits $1,000 After Doubling in 7 Days. What Next?
Today bitcoin reached a whole new milestone, with the price of bitcoin on Mt. Gox - the world's largest USD-BTC exchange - reaching $1,000. The price briefly topped the equivalent of $1,000 on Chinese exchange BTC China back on 19th November, but this is the first time this level has been reached in a US dollar denominated exchange rate. The current price on the CoinDesk BPI is $942. With the passing of this psychologically important milestone the question now is where to from here? Bulls and bears abound on both sides of the price debate. What we can say is the price of bitcoin has been....
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Here's a look at what we are focusing on in the bitcoin price this morning. So we’ve come to the end of the week, and it’s been an interesting one! We’ve had a couple of classical patterns, some intrarange action, and some nice breakout scalps. All of these things have given us opportunities to get in and out of the markets for a few good take profit hits. We’ve also seen a few stop loss hits, but as things stand, we remain net up on the market. We’ve got one day’s worth of trading left, and we want to try and make the most of it. As we head into today’s session, then, what are we looking....