Bitcoin Price Breaks the $300 Mark! Will it Keep on Rising?

Bitcoin Price Breaks the $300 Mark! Will it Keep on Rising?

Yesterday, the 27th of October, the Bitcoin price broke the $300 barrier. For some weeks now, we have seen a positive advance in the bitcoin price. Many are the reasons pointed by experts and traders for this price rise, however between lots of explanations there is still heavy doubts on what it could be the real trigger for this continued price rise. Since the middle of September, the price has been slowly and steadily rising and it already stumbled upon a more than 30% increase. The last time the bitcoin price touched the $300 barrier was back in July the 12th when the bitcoin price hit....

Related News

Ethereum price risks losing $4K on ‘rising wedge’ breakout fears

The potential price decline would also mark ETH’s return to its ascending channel support. A selloff in Ether (ETH) on Nov. 16 has increased the chances of its price falling below $4,000.ETH plunged 10% to around $4,100 amid an ongoing market correction led by Bitcoin (BTC). In doing so, Ether dropped below its fourth-quarter upward trendline support. ETH/USD daily price chart. Source: TradingViewETH/USD also tested its 50-day exponential moving average (50-day EMA; the velvet wave in the chart above) as its new price floor before bouncing higher. The next support line to keep an eye on if....

Charted: Litecoin Approaching Breakout, Why LTC Could Rally If It Breaks $150

Litecoin price declined heavily below $150, but it found support near $115 against the US Dollar. LTC is currently rising, but it is likely to face a strong resistance near $150. Litecoin started a strong decline below the $165 and $150 support levels against the US Dollar. The price is rising from the $115 zone […]

Ethereum (ETH) Price Trends: 5/30/2016

Ethereum is being traded at a key level, where there is a chance of an upward trend. Is Ethereum ready to form it? The peak of a correction toward the downward trend has been reached. The downward trend could be broken at the $12.3 mark. That would mean that the medium-term upward trend is continuing. But the rising structure has to stay intact. We need to find a resistance line where this upward movement could be broken. For that, we need to find the point of maximum engagement for the bulls. The Fibonacci level 61 is used as a target of a correction. The diagonal channel and moving....

Bitcoin Price Holds Rising Channel

Bitcoin price has returned to $450 after retesting this week’s low. Local support is holding and the market has, so far, avoided additional lows. Price fell back to Tuesday’s lows, overnight, but snapped back to the vicinity of $450 during today’s trade. Despite the rejection from upside resistance, price remains in an upward trajectory, as illustrated by the rising channel lines annotated in grey. Since the late-April low, the price chart has printed a series of higher lows. The potential decline targets described in this week’s previous analysis posts, will only become applicable if....

TA: Ethereum Breaks 100 SMA, Why ETH Looks Set For Fresh Run To $2K

Ethereum is rising and it broke the key $1,800 resistance against the US Dollar. ETH price is showing positive signs and it is likely to continue higher towards $2,000. Ethereum is forming a support base above the $1,750 and $1,760 levels. The price is now well above the $1,800 zone and the 100 hourly simple […]