Bitcoin Price At a 2016 High
Bitcoin price has been traded through resistance – an initial sign of a larger wave of advance. A few cautions remain as we await additional confirmation that resistance has become support. A terrific wave of advance has breached the upper boundary of the resistance ceiling and, at the time of writing, there is profit-taking just below $480 (Bitstamp), $500 (OKCoin Futures) and 3000 CNY. Last year’s November high remains as the final frontier to a new high 18-month high. The indicators are severely overbought – and diverging – at all timeframes below 4-hour, but this is often the case....
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2016 has been an excellent year for Bitcoin in many respects. Scalability innovations like Segregated Witness have been introduced to the Bitcoin community, many successful Blockchain and Lightning Network tests have taken place and many new markets have turned to Bitcoin as a viable currency option. The price of Bitcoin has been a major positive in 2016 as well, with its value up by well over 75 percent. Now, Dec. 1, 2016, marks the highest Bitcoin price measured in over two and a half years. New Bitcoin high for 2016. According to BitcoinAverage, the price of Bitcoin passed the $760 mark....
While 2016 is running out of road, the prolonged bitcoin rally that has lasted through most of Q4 2016 continues to scorch a hot trail as bitcoin price rises beyond $915 to set a new high for the year. Today, bitcoin price struck a high of $928 on the Bitstamp Price Index (BPI). The last time price traded at these levels was on January 7, 2014. That fateful day – in the immediate aftermath of the implosion of the now-defunct bitcoin exchange Mt Gox – saw price at $919.24 at midnight (UTC) before crashing down to $785 by day’s end. This month, the cryptocurrency is up 25% in value since the....
Bitcoin price struck a new yearly high of $794.39 on the Bitstamp Price Index (BPI) today as the cryptocurrency continued its collective surge in 2016. Having started the year at $432 in trading, the price of bitcoin to the USD has gained a remarkable 80% so far. With less than a fortnight to go, 2016 has proven a strong year for the cryptocurrency. At the crack of Monday (UTC), price was already trading at $788.46. Shortly after, a flurry of activity saw price jump to $791.39 in a 20-minute period. Subsequently, steady trading ensued in the early hours of the day before bitcoin charted a....
The last week of 2016 has seen bitcoin push the pedal in its continuing rally as the cryptocurrency rises toward the $1,000 milestone. Bitcoin price has gained over 34% in the past month alone, streaking from $727.18 on the Bitstamp Price Index (BPI) on November 29, to today’s and the newest annual high of $980.74, at the time of publishing. Having steadily risen through most of December’s trading period, the price of bitcoin to the dollar shifted gears to surge from $791.41 on December 20 to $870.78 on December 22. While the handful of days remaining in 2016 wind down, bitcoin price broke....
Bitcoin price is going from strength to strength, shattering its way to a new high in 2016 at $793.27. The remarkable milestone is a double-header, with bitcoin price pushing toward highs not seen since early 2014. On February 6, 2014, the price of bitcoin reached a high of $796.05. Today’s high of $793.27 on the Bitstamp Price Index (BPI) represents a trading level that hasn’t been seen since the early days of 2016 as bitcoin builds on a steady swell whilst foregoing the volatility that the cryptocurrency is often coined with. The day began with trading to the dollar at $777.38 at....