Bitcoin Price Up: Sitting at Around $232

Bitcoin Price Up: Sitting at Around $232

With the Bitcoin price up, it is clear once again that those who called for Bitcoin's coming death were once again wrong. Well, well, well... So it seems the bitcoin price is once again attempting to climb the ladder to greatness. Following massive fluctuations that saw the price of the digital currency stumble well below $200 for a short while, the price of bitcoin has now risen up like the morning sun and is clinging onto the side of the mountain for dear life, currently sitting at a flat-lining $232. Of course, there are many out there that truly believe with every fiber of their being....


Related News

Price Analysis: Ethereum Support Looks Broken

Fortunately, last night’s decision to buy bitcoin at around $658 turned out to be quite profitable, up around $30 in under a day. I have not closed that position as I expect that asset to go up quite a bit higher over the next two weeks. Today I want to take another look at ethereum. We last looked at this asset two or three days ago. At that time price was sitting at the top of the square, and also right on the 1×2 Gann angle. I noted that it seemed to have strong support at that level. Because price was sitting exactly on support, I pointed out that this gave us the luxury of placing a....

The Bitcoin price has only been higher than now for 12 days in its history

Bitcoin’s explosive gains are strongly reflected by the number of days it has closed above $16,320. The Bitcoin (BTC) price, which is currently sitting at $16,320, has only been at this level or higher for 12 days in the coin's entire 4,332-day history, representing just 0.28% of the cryptocurrency’s life.Crypto analytics platform Messari published data stating that the closing price had exceeded $16,320 only on 12 other days, 10 of which occurred between Dec. 7 to Dec. 20, 2017, with the highest close occurring on Dec. 16 at $19,378. Any investor who bought at the all-time high of $20,089....

Bitcoin Tore through Resistance

Well, Bitcoin tore through resistance easily this morning. Readers will remember that the weekly chart we looked at a couple days ago was sitting at the 2nd arc of the 2nd pair, and the end of the 1st square. As end-of-squares is often a time of reversals or accelerations, I was concerned a reversal might be lurking. But the arc was disposed of easily, indicating that the long term trend remains up until at least the next arc at $1000+. The daily chart was sitting just below 5th arc resistance yesterday. Price has penetrated through to the sunny side of the arc pair as of this writing, and....

Bitcoinist Weekly News Re-Hash: Carl Force Sentencing, Uber’s Data Blunder

Bitcoiners got to enjoy some exciting market activity this week, with the Bitcoin price rising to levels that have not been seen in several months. Towards the end of the week, the price broke into the $270s, but quickly settled down into the low $260s, which some people hope will be a new bottom. This week began on Monday, October 12 with the Bitcoin price sitting at $247.83, staying within the range that persisted for much of last week. The 12th ended up being a bearish day overall, with a small decline in the morning, followed by another decline late at night. Monday closed in the low....

Bitcoin Price at Mt. Gox Once Again Surpasses $1,000

It was probably bound to happen, but if you've got your eyes on the charts this morning, you may have noticed that the price of bitcoin at the Mt. Gox exchange has once again surpassed $1,000 - a bit over a week since the last time this happened. At the time of this writing, the bitcoin price at the Japan-based exchange is sitting at $1,013. Meanwhile at Bitstamp, the price per bitcoin is significantly less at $829. That's a different of about $184 - significantly higher than what we're normally used to seeing. Anyone can speculate what the reason for the price increase could be, but it....