Will the Bitcoin Price Hang Where It Is for a Little While?
Since our previous look at the bitcoin price, bitcoin has enjoyed a hike of about two dollars. It’s not terrible; after all, any rise in price is something worth celebrating, but at the same time, $2 is nothing to jump and holler about. Considering bitcoin’s operations in the past, it’s probably safe to say that Bitcoin has found a spot to hover close and settle down for at least a little while. What Is the Bitcoin Price Doing? As one source puts it: “The Bitcoin price has not made any significant move during the quiet Saturday trade. The start of the day in the U.S. may change that, but....
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Bitcoin traders say the bottom is in, but it’s important to also consider BTC’s correlation to equities markets. Bitcoin (BTC) price traded down 23% in the eight days following its failure to break the $45,000 resistance on Feb. 16. The $34,300 bottom on Feb. 24 happened right after the Russian-Ukraine conflict escalated, triggering a sharp sell-off in risk assets.While Bitcoin reached its lowest level in 30 days, Asian stocks were also adjusting to the worsening conditions, a fact evidenced by Hong Kong's Hang Seng index dropping 3.5% and the Nikkei also reached a 15-month low.Bitcoin/USD....
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In an advisory to his wide range of followers, Robert Kiyosaki, financial educator, and acclaimed author, has urged investors to hold on as Bitcoin prepares for what he terms as a trip into the “Banana Zone.” This phrase refers to a sharp and sudden increase in the price of Bitcoin, which Kiyosaki thinks is going […]
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