BitcoinAverage: Bitcoin Price Stirs Up Bullish Sentiment
Over the week of Apr. 11 – 19, the bitcoin price showed early signs of a bullish renewal. The price moved up steadily, +3.6%, on an Apr. 16 high of $435.67 registered at bitcoinaverage.com. This is the highest mark since Mar. 1, which must have excited traders with the prospect of a continuation bull trend that began on September 7. But, there remains a sense of caution with market analysts awaiting a retest of levels to confirm support for an uptrend. A user on Reddit said: “The only thing that gives me any pause in my bullishness is the utterly irrational exuberance I feel right now....
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The bitcoin price should make a sharp jump above $420 resistance level this week, and looks bullish at least for the near short term. The target for a continued upward trend is $440, a level dating back to February 14 2016. A declining sloping trend line cuts right around $440, and some more resistance should kick in. This resistance will likely push back on price and force it to retrace to $420. Beyond the short term, price looks bullish having maintained 2015’s trading range. The BitcoinAverage Breakdown. The above 6 hour chart from Bitstamp illustrates this week that the price of....
BitcoinAverage (May 9, 2016) — The unraveling of the supposed mysterious inventor of Bitcoin, Satoshi Nakamoto, made headlines this week across mainstream media outlets. Yet, despite the potential implications of the identity of Satoshi, who owns 7% holdings of the total BTC supply, the price held steady, only selling off a measly 4.6%. Satoshi Hoax can’t Break Bitcoin! The market dismissed this news as a hoax, and traders who are long and bullish remained unfazed so this week’s price action remained bullish. This week’s close is the highest since August 2014. After a run up to the peak at....
What started out as just Shaun Gilchrist’s hobby is developing to become the world’s first and premier price index for Bitcoin, BitcoinAverage. Basic physics describes how a simple innocent bathtub immersion inspired an innovation that has affected mankind. Archimedes did not set out to discover the principle of floatation, but ships are built today based on the principles he discovered. “There was no funding involved, it was created initially as a hobby. I wanted to provide it to the community to do my part for bitcoinCT r: 8,” said Shaun Gilchrist, founder and CEO of BitcoinAverage,....
Meet BitcoinAverage, the world’s first and premier price index for Bitcoin. “There was no funding involved, it was created initially … as a hobby. I wanted to provide it to the community to do my part for bitcoin,” said Shaun Gilchrist, founder and CEO at BitcoinAverage, whose Global Bitcoin Price Index (GBX) was the first of its kind in the industry and is still the most widely used price source for the cryptocurrency. “There was truly no goal to monetise the project, it was open source and even access to the application program interface (API) was completely free, three years later, it....
Leading Bitcoin price index, BitcoinAverage, has announced the release of its new system. It claims to revamp the pricing index to accommodate the needs of users at every level from casual to enterprise-grade. The London-based company has been seeking to establish itself as the leading source for Bitcoin pricing since 2013 and has since been developing open-source application programming interface (API) tools to provide real-time BitcoinCT r: 8 data to mobile apps, web services and businesses worldwide. It says in the announcement that BitcoinAverage is preparing for the launch of a new....