Bitcoin Price Is Skyrocketing - Back to Old Glorious Days?
The bitcoin price has skyrocketed this weekend, starting from the low 220s and ending up on the high 290s! There might be a correlation with news this time as Coinbase just announced that they will become a licensed Bitcoin exchange in more than 20 US states (which is good news!). The bitcoin price has had a slow start this year, but it may seem that this is all about to change. The question now is how far will this current increase stretch? Will we see a bitcoin price above 300 USD? You can read our analysis here or get an exclusive membership at the bitcoin community xbt.social and be....
Related News
Centralized exchange tokens have been skyrocketing this year, but there is one problem behind the astonishing performance: they are becoming more equity alike.
CryptoWendyO and Cheds weigh in on where Bitcoin's price could head next. Bitcoin’s price has declined in recent days. While it has rebounded from its weekly lows, the asset's trajectory remains uncertain says CryptoWendyO, a crypto trader on Twitter. “The daily timeframe is not looking great as we are having trouble sustaining $50K,” she told Cointelegraph on Friday. “I am feeling like we will get a run to $51.6[K].”She added:“From there I would be cautious as rejection could lead back to the $50K -$45K range. A break down there could be a swift wick to $42-38K with a glorious recovery.....
It was a good run until it lasted. The crypto market was having a blast last week, until it sharply nosedived by 3.06% to $1.01 trillion on July 25, Monday. Bitcoin together with Solana, Ether, and Polkadot were all knocked over at the start of the week. Bitcoin was off-course and shaved off the gains it made over the past few days which allowed it to get to its glorious one-month high of $23,000 until it plunged below $22,000 levels on Monday. As of this writing, Bitcoin is trading at $21,850, down nearly 5 percent in the last 24 hours, data from Coingecko show. Suggested Reading |....
The delicious food creation is comparable to the digital network created by Bitcoin in all its glorious aspects.
Bitcoin price continued skyrocketing to record a high of $267 earlier today, so the price is now well over the $256 level that resisted the bulls for a rather long time. It seems that bitcoin price will continue rising to the $300 level within the next few days. Let's take a look at the 1 day Bitfinex (BTC/USD) charts from tradingview.com and plotting the MACD indicator and RSI. To better understand the new bullish trend, we will plot a Fibonacci retracement fan across a trend line that extends between the high reached on the 13th of November 2014 ($474.77) and the low reached on the 14th....