Bitcoin Price At Year's End
Bitcoin Price remains in a narrow trading range. CCN presents 2014's final Bitcoin price technical analysis report after a gruelling year of decline. Bitcoin Price Analysis. Time of analysis: 10h00 UTC. Bitstamp 4-Hour Chart. Bitstamp made a slight ascent to the 4-hour 20MA before falling away - again in a slight manner. BTC-China 4-Hour Chart. Like Bitstamp log-scale, like BTC-China arithmetic-scale. Nothing to see here, folks, let's move on... BTC-China 4-Hour Chart - Long-Term Log-Scale. The 20MA and 50MA are annotated to emphasize price wave articulation in this 4-hour log-scale chart.....
Related News
The last quarter of the year has included the most exciting bitcoin trading of the entire year, but the rest of the year will likely see a lull in trading and a consolidation around current levels. Any fall down below $400 will represent further price softness into the New Year, it seems. However, since we are now on the cusp of two holidays – both Christmas and the New Year – trading volume will decrease on all markets, including Bitcoin, likely leading to further price uncertainty. After having fallen nearly 10% to a 1-week low, some have wondered if Bitcoin’s price will settle in the....
If the story of bitcoin in 2013 was its meteoric rise in price, which saw it hit a peak of over $1,100 in November, then the tale of bitcoin's price this year is one of plummeting from those heights. The price of bitcoin opened the year at $770, according to the CoinDesk Price Index. By mid-December, it was trading in the mid-$300 range. This represents a drop of more than 50% from the start of the year. However, it's worth noting that bitcoin is still trading comfortably above its price for much of last year. Indeed, it is changing hands for more than three times the amount it was trading....
2016 has been an exciting year for cryptocurrencies. With most of the major open-source currencies showing growth this year and with some expected to see significant expansion in 2017, 2016 reflects a loss of faith in traditional money systems in light of the global populism trend and a growing confidence in the underlying technologies in play for crypto transactions. As the year comes to an end, CoinDesk took a moment to look at the best-performing cryptocurrencies by market capitalization for the year and the factors that affected the markets throughout the year. For the sake of this....
Some 62% of bitcoin enthusiasts believe the digital currency's price will be less than $500 at the end of this year, according to the results of a CoinDesk poll. The survey results show 1,682 of the 2,702 respondents predicted the price of bitcoin would end the year between $0 and $499. The price predicted by the greatest number of respondents was $400, with 281 (10.4%) of people guessing this value. This was followed by $500 and $350, with 277 and 232 votes, respectively. The most popular predictions can be seen in the table below: Price. Number of predictions. Percentage of total.....
The Bitstamp Price Index confirmed a new year-high price for Bitcoin at $334.05, this morning. The peak is yet another milestone for the cryptocurrency which has been on a steady upward trajectory predominantly since September. The year-high peak struck at 07:11 UTC and has since dropped to $322.780 at the time of publishing. For a live Bitcoin Price chart, click here.