Bitcoin Price Blunders, Suffers $15 Decline
The bitcoin price has fallen… Probably not in the same manner as Olympus or London, but it has seemingly taken a trip down south to the $453 range at press time, equaling a $15 drop since our previous price study. Bitcoin Price Takes A Dive, But Should We Be Worried? Some may take this as a time to panic; that reaction may be premature. Things can appear scary at first, and we’re likely to be reminded of the troublesome year that was 2015 and bitcoin’s previous drop in 2014 from $1,000 to $600, but there’s not enough evidence to suggest such a drop is coming again. Bitcoin is still holding....
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Since bitcoin’s significant price rise, altcoins have been brushed off to the side as bitcoin’s dominance climbed to 87.4 percent. Altcoin interest has waned as each alternative digital asset has lost market capitalization over the past two months. There are various reasons. All Eyes Focused on Bitcoin. Let’s face it: all eyes are on bitcoin’s price....
Bitcoin has faced a significant correction, dropping 15% from its all-time high of $108,300. This price decline marks a sharp shift in market sentiment, which has quickly transitioned from an extremely bullish outlook to one of uncertainty and caution. As altcoins experience heavy losses, Bitcoin’s correction has raised concerns about the sustainability of the recent […]
Earlier this morning we published our technical analysis piece highlighting the downside momentum we saw in the bitcoin price overnight, and suggesting two potential conflicting biases that could play out as the day matured. Soon after the analysis was released, however, a couple of fundamental factors took control of price action, and weighed heavily on the BTCUSD throughout the European morning session. As we are heading into the start of the US afternoon session, how should we interpret this decline in the bitcoin price, and is it possible to draw profit from such volatile action? Let's....
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