Bitcoin Price Decline Resumes - Where To?
During Sunday night trade the Bitcoin price was sold down to the mid-$60 range, thereby printing a new low (for the past week) in the BTC/USD exchange charts. Analysis still has unfilled targets at $460 and $412, and whilst we are expecting reversal and turning our attention to the next wave up, we need to evaluate what the downside implications are. Update 12h40 UTC. During the European trading session the Bitstamp chart struck $457. BTC-e and BitFinex only declined to $464. A colleague just pointed out that today, 9 September, has a Full Moon. The days surrounding full moon typically see....
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The Bitcoin price rally is set to resume after a deep correction during the past days. The correction may still pull price down but only marginally. Analysis explores the state of trend and considers upside price targets as well as what to expect in the coming days. Writer's Note: This article's title may be better worded as "Bitcoin Price Rally Basing" to acknowledge the base building phase now in progress. However, the title was set at the time of publication and cannot be changed (after the fact) due to SEO considerations. Bitcoin Price Rally Resumes. Summary. Comments. Bitcoin Price....