Bitcoin Price Winding in Correction
Slow Bitcoin price action is making neither new highs nor new lows. The BTC-e chart has been plotting a low volatility course near $227 for a few days. At $228.75 price had retraced 38.2% (a Fibonacci ratio) of the recent third wave of decline. The other exchanges have been more animated but are not plotting advance. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 16h38 UTC. Bitstamp 15-Minute Chart. Why The Preference For BTC-China....
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Here's a look at what we are focusing on in the bitcoin price this evening. So that’s Monday done, at least out of Europe, and it’s time to set up against the US afternoon and – beyond that – in to the Asian session later tonight. In this morning’s analysis, we noted that it looked as though price was winding up for a medium term increase, and that we might be able to take advantage of this winding up if we saw a breakout. As things turned out, we got exactly that. Price broke to the upside early afternoon and (while admittedly choppy) ran up to our take profit with no real issue. It’s a....
We've got much of the same action in the bitcoin price today, and we could be winding up for a big move a little later on this afternoon. Here's what we're looking at. Yesterday we went into quite a bit of depth concerning our interpretation of the action in the bitcoin price so far this week. We noted that the action represented a consolidation of bullish and bearish sentiment, and that this consolidation could act as a sort of winding up before a big move. Action has now matured throughout last night’s Asian session, and we are mid way through today’s European session, and things haven’t....
On Wednesday, the U.S. Federal Reserve announced it would be winding down its corporate bond purchases and selling part of its portfolio. The central bank plans to start with exchange-traded funds and then move on to bonds as the Fed insists “sales will be gradual and orderly.” Federal Reserve Starts to Unwind QE All eyes have been on the American central bank in recent times as the Federal Reserve has started tapering back quantitative easing (QE) tactics. It’s fascinating to onlookers because an estimated 24%-30% of all the USD ever created was added to the M1 monetary....
For many Bitcoiners, the online marketplace Silk Road has become a touchstone in BTC's story — as has the fate of its founder, Ross Ulbricht. The post The Long and Winding Story of Silk Road, Bitcoin’s Earliest Major Application appeared first on Bitcoin Magazine.
The airline industry is still reeling from the lingering effects of the Covid-19 pandemic, which shut down the global economy and restricted travel. Ethereum-based decentralized travel marketplace Winding Tree has announced a new collaboration with American Airlines that will allow select travelers to receive tailored booking options, opening up a potential new use case for blockchain technology. Through the collaboration, American’s largest corporate travel buyers will have access to Winding Tree’s marketplace to book travel directly and receive “uniquely tailored and cost-efficient....