The Price of Bitcoin is Now Double What It Was One Year Ago

The Price of Bitcoin is Now Double What It Was One Year Ago

Bitcoin prices have more than doubled over the last year, enjoying a period of reasonable growth as the digital currency continues to establish its legitimacy. Global bitcoin prices reached an inter-day high of $470.16 on 26th April, more than 100% above the inter-day high of $219.93 reached on the same day in 2015. The digital currency has been experiencing a steady, upward climb over the last week, breaking through key price levels of $440, $450 and $460 as markets respond to the latest progress made toward addressing the blockchain block capacity dilemma. The currency surpassed $440 on....


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Dogecoin Price Technical Analysis - New Low on Cards?

Dogecoin Price Key Highlights. Dogecoin price continued to remain under the bearish pressure, and our highlighted double top pattern is still in play. There is a cluster of resistance formed on the upside for buyers around 56.0-57.0 Satoshis. The price continued to consolidate near the 100 hourly simple moving average, as there was no break. Dogecoin price remains at risk of a break lower since our highlighted double top pattern is still in play. Double Top Pattern. We highlighted a double top pattern yesterday, which is still in play and might act as a catalyst for a downside move in the....

Dogecoin Price Technical Analysis - Double Top and Failure

Dogecoin Price Key Highlights. Dogecoin price spiked higher one more time to trade near the last swing high of 67.0. The price failed to trade above 67.0 Satoshis once again, which created a double top pattern on the hourly chart. More losses are possible if the Double Top pattern is valid and sellers gain control. Dogecoin price failing twice around 67.0 Satoshis is a warning sign, and might ignite a downside move in the near term. 100 SMA as Support. We stated yesterday that there is a chance that the Dogecoin price might head lower. There was a downside reaction in the price, as it....