Bitcoin Price $700 Coming Up!
The bitcoin price chart surged higher over the weekend as bullish trade easily scaled the order books during low liquidity. The $100 distance from $580 to $680 (Bitstamp) was easily achieved within 48 hours. Technical analysis shows more advance is in store. A steady untiring wave of advance has propelled bitcoin price to the $680 zone where the advance has slowed, although not stopped in many exchange charts. At the time of writing the CNY exchange charts are bobbing above 4700 CNY; the popular USD exchanges hold around $680 (after attempting $700 earlier today) and the OKCoin September....
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Bitcoin price is likely to rise in coming days, so watch out. The price of Bitcoin has been relatively stable since the halving, that was the second time in history when the rate at which new Bitcoin are produced was halved. Speculation seems not to be having its way this time but a natural course in the utility of Bitcoin in different parts of the world which is setting itself in to give the top digital currency the value it is currently experiencing. A report says a pennant trading pattern commonly used by equity analysts has emerged on the digital currency’s chart—and it suggests that....