Bitcoin Price Up; For How Long?
Yesterday afternoon we got an upside break in the bitcoin price, and on some pretty low volume managed to hold onto the gains overnight. We corrected a little bit earlier this morning, and just as the markets opened in Europe, we got another kick, and have since traded between a pretty tight consolidatory range. This tight range has given us something to play with during today’s session, but there’s not much room for manoeuvre, so our intrarange is out of the window. This said, breakout should work nicely, so lets look at implementing a scalp strategy on today’s key levels, and try to....
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Bitcoin’s price is undergoing a correction toward the long-term upward trend. For how long will this correction last, and at which point is the long-term upward trend most likely to continue? What has caused the start of this correction? One of the key long-term levels was near $760-80. A long-term downward trend has been forming along that price as far back as 2014. The price of $760-80 has become a key level. The placing of the correction level of the Fibonacci grid 38% has given more significance to that range. That’s why it could be called a historical maximum, which was later....
The Spring has ended with Bitcoin exiting a flat, which has been there for more six months. Will that cause a continued long-term growth, or was it a false breakthrough? The long-term upward trend is continuing. After fortifying at the top limit of the long-term flat, Bitcoin’s price underwent a powerful upward impulse. Such movements usually appear when one of the development scenarios becomes unrealistic. A turn was needed around $450, in order for the long-term flat to continue. In that case, Bitcoin’s price would fall to the bottom limit of the flat, around $360-90. A turn to decline....
The beginning of this year coincided with the growth of Ether. The price has approached a key long-term mark. Will this cause a continuation of the long-term upward trend towards $20? ETH/USD. The price of Ether is moving in accordance with the long-term upward trend scenario. The price has formed a sub-wave of a medium scale, which can very well be a part of this long-term trend with the minimal target set at around $20. Everything depends on how Ether’s price will now behave. It’s important that the key level at $7.9 has been broken through by this upward impulse, which has had a....
The Bitcoin price is down over 5% this Sunday, as it appears that we are returning to a long term down-trend which has been in place, and holding fairly steady in its path, since the summer of 2014. For a couple of weeks at the end of January, the Bitcoin world was full of optimism. With a strong upturn in price it seemed to many that we may have finally broken the digital currency's long term decline in value. But looking at longer term charts - 90 or 180 days - it becomes clear that January's spike was simply an overcorrection for the dip in early January which had taken the bitcoin....
An online games company is offering a bundle of four games for a 'pay-what-you-like price' - as long as you pay that price in bitcoins. The four games are Eufloria HD and Classic, World of Goo, And Yet It Moves, and Spirits. You can set your own price for the bundle - as long as you pay in bitcoins. At the time of writing the average price paid was 0.2 bitcoins - currently worth $23 or £15. The company will donate ten per cent of all proceeds to the Electronic Freedom Frontier. The games developers will also get paid in bitcoins. The deal is only available for two weeks - until May 30. Gaming