Is Bitcoin Trading Anticipating ClassicCoin?
Bitcoin trading has been holding price between technical constraints just above $400. The option of moving out of this range has been tried to the upside and down, recently, without igniting a meaningful trend. Classic(TM) dithering and consensus breach may be unnecessary, after all. After trading bitcoin price above $300 in October – and briefly attaining the mid $500s – the price chart has been consolidating in a narrowing range. During 2016, the range has narrowed to the chart area between $350 and $450 – a range wherein price is currently trading at the midway level near $400. A....
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Bitcoin
Following a drop in price on Thursday, BTC was back in the green on Friday, as traders were preparing for the release of the non-farm payrolls report.
After adding 428,000 jobs in April, markets are expecting 325,000 jobs to be added to the U.S. economy in May.
The speculation on what this number will mean for the market has....
Bitcoin price bounces from lower high to lower high as the buyers rejoice in their buying opportunity prior to a rally to the moon. The chart has been keeling into decline and the social mood is negative. But buying, at all costs, it seems, is still the norm. Today we consider an article by new-found Bitcoin superbull, Charlie Morris, of MoneyWeek UK. Charlie Morris argues that, given the upcoming block reward halving, the only option for speculators is to be long bitcoin, and his conclusion is an hyperbolic buy-buy-buy (exclamation mark). Hold on. Hold on. Let’s consider the facts. His....