Bitcoin Price Cruises Past $430; Surge to $450 Imminent?
Today’s bitcoin price has remained stable at the US$430 margin, after showing a significant decline against the US Dollars prior to Christmas, on December 24. Over the past two days, the bitcoin price continued a positive trend, as trading volumes of prominent exchanges including OKCoin and BitFinex recovered from their recent decline during the Christmas season. According to OKCoin’s most recent update, the exchange’s daily trading volume (24 Hour Volume) recorded around 17,500 bitcoins, which is worth near US$7 million at the time of writing. Financial experts reasoned the recent decline....
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Bitcoin price has surged past the $500 mark for the first time in 2016. The increased interest in bitcoin trading has exhibited a negative impact on ether prices. Whoa! Did you see that? Bitcoin price has suddenly surged to reach the $500 mark. Until Friday, the digital currency has been hovering around the $450 mark before it started to exhibit an upward trend gaining about $50 within a span of two days. The volatility associated with cryptocurrency prices is a well-known fact, which is mainly due to the demand and supply of the crypto assets for trading. The current surge in Bitcoin....
Bitcoin has been consolidating between $10,000 and $11,000 over the past month, barely deviating from this relatively tight range. A crucial fractal analysis predicts that the cryptocurrency is primed to break out of this range in the coming days and weeks. Here’s more on why. Related Reading: Ethereum Transaction Fees Surge to All-Time Highs After […]
Polkadot (DOT) price reveals that the extreme bullish movement pumped the price reaching $9.54. DOT price extremely bullish; set to retest $9.88 key resistance level. Support spotted at the $9.29 zone. Polkadot pumped up its price to $9.54. DOT’s price trendline has spiked for the past couple of weeks following the coin’s overwhelming gains over the past few days. Today, DOT/USD is trying to test the $9.87 key resistance level which is pretty strong. However, if the bulls continue to push further then DOT will have no problem breaching this critical resistance zone. Related Reading:....
As capital outflow from China continues to increase, the possibility of Bitcoin reaching $800 seems to be more than ever. Bitcoin has been going strong since the past few weeks. The cryptocurrency which was priced at around $640 in mid-October has surged past the $700 mark and now stands at $725, after falling to $690 briefly over the weekend. At the current pace, the price of Bitcoin reaching $800 is imminent. As to the reason behind the recent increase in price, the largest since June 2016 is the constant demand for Bitcoin in the Chinese market. Lately, China has been witnessing an....
Crypto analyst Ali Martinez has provided insights into what the Bitcoin price trajectory could look like in the coming weeks. Interestingly, the analyst predicted that Bitcoin could rally to $138,000 and then experience a 30% price crash. Why Bitcoin Could Rise To $138,000 And Crash After In an X post, Martinez alluded to historical trends to explain why the Bitcoin price could rally first to $138,000 and then crash by 30% after. He stated that during the 2017 bull market, Bitcoin surged 156% past its previous all-time high (ATH) before the first major correction of 39%. Similarly, BTC....