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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It's most definitely interesting to see the chief of a financial company say something decent about bitcoin. After all, one would expect a CEO to do what he or she could to destroy the competition. But David Marcus, PayPal president, is different. In a blog post Wednesday, Marcus said that he suspects "bitcoin will continue to gain ground". Pure speculation, of course, but Marcus went so far as to say that the price could be double by this time next year: "I predict that the value of Bitcoin still has the potential to double (as of December 11, 2013 at 8:08 AM PT: 1 BTC = 915 USD) by the....
The "Bitcoin Bubble Index" is heavily hinting that another BTC price local peak will come this year. Bitcoin (BTC) is facing a “double bubble” and will see two price tops this year, fresh data suggests.In a tweet on Aug. 18, Charles Edwards, CEO of investment firm Capriole, highlighted 2021 as having one key similarity to the 2013 double top bull cycle.Bitcoin gears up for second peakBitcoin has divided opinion over whether its 2021 bull run is more like 2013 or 2017 — the other two years which immediately followed block subsidy halving events.Looking at one metric, unrealized profit and....
Bitcoin price is always a hot topic, and for good reason. The recent roller-coaster ride has been exciting, and Bitcoin investors have enjoyed good times, recently. Now, an investment analyst at Lombardi Letter says the good times will roll throughout 2017. Analyst: Bitcoin to Double in Value, Again. Benjamin Smith is and editor at Lombardi Letter, a newsletter for investors with a subscriber network of over 400,000, and he sees plenty of reasons for Bitcoin to soar again in 2017. In fact, he believes Bitcoin will double in value again, after doing the same last year. “I expect that....
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 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....