Bitcoin Price Scales Beyond $390 in February

Bitcoin Price Scales Beyond $390 in February

It’s early days in February, following a volatile January for the price of Bitcoin. In recent days, the cryptocurrency has swelled again, with a high pushing beyond $390, gaining over $20 in the space of a day. The Bistamp Price Index started yesterday, February 4th at $368.55 to rise through the day, leading to a monthly high of $391.880 at 9:00 PM UCT, the same day. At the time of publishing today, the Bitstamp Price Index sees Bitcoin trading at $389.00. The first signs of a climb showed when Bitcoin price scaled up toward $373.91 at 2:00 PM before a quick spike saw the price shoot up....

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Bitcoin Price Corrects: Another Dip Inevitable?

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Bitcoin Price Technical Analysis for 26/2/2015 - Doom Before Moon

Yesterday, bitcoin price ranged between $235.5 and $239.33. Although bitcoin has been trading between $235 and $240 throughout the past few days, it seems that we will see it break out of this range soon. By studying the 1 hour Bitfinex (BTC/USD) charts from, drawing a trend line between the low reached on the 10th of February ($214) and the high reached on the 15th of February ($268) and plotting the Fibonacci retracement levels accordingly (look at the below chart), we can better understand the current market trends and we can also conclude the following: As shown by the....