Bitcoin Price Undecided Below $650
The bitcoin price chart remains in slumping mode and continuing decline is inevitable, yet, interspersed with crosscurrents. Best to sit out until a clear signal becomes evident in the charts. Price is likely to oscillate within the range of the past few days before a definitive signal manifests in the chart. Notice in the 4hr chart, above, that price remains below the 20MA (green). There is little techincal resistance to continuing decline, but we remain cautious of a bullish stampede higher, prior to such decline. It would be plain contrary to say Brexit had nothing to do with the market....
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Bitcoin price is back at $50,000. The market is still undecided about the ultimate direction the cryptocurrency moves next. But according to a repeating fractal pattern that has appeared again and again, the only direction for the next several weeks could be up. Here is a closer look at a side-by-side comparison that has appeared […]
Bitcoin has broken fresh 2020 highs as uncertainty remains in the U.S. presidential election.
During the debate, Schiff said that “in reality, Bitcoin and gold have absolutely nothing in common” as gold has value due to its metallic properties while Bitcoin is just a “giant pump and dump. ” Gold proponent and crypto skeptic Peter Schiff has been crowned the winner of a debate on whether gold is a superior store of value to Bitcoin.Schiff was facing off against Skybridge founder and former politician Anthony Scaramucci in a debate hosted by Intelligence Squared on Aug 25. Before the gold vs Bitcoin debate began, a poll scored 38% of the online audience in favor of the precious....
Bitcoin price is winding sideways for a second day. Supposedly neutral GDP and Production data out of China failed to catalize a market move earlier today. Global markets were awaiting the data release with great anticipation, since negative figures from China would have provided the catalyst for selling in the current season of Financial Meltdown glut. But the data (most likely cooked) did not provide the market with an excuse to rout stocks, nor did it send the BTC/CNY exchanges into a buying frenzy, as we’d have expected. Bitcoin price is trading sideways. The 15-minute and 1-hour....
Bitcoin Price Key Highlights. Bitcoin price is going all out in terms of consolidation, as a smaller pennant pattern formed right inside the larger triangle visible on its 1-hour time frame. Interestingly enough, the larger consolidation pattern suggests a continuation of the longer-term selloff while the smaller consolidation pattern hints at a potential upside breakout since it's coming from a quick bounce. Bitcoin price still seems to be undecided on its next direction, as it has returned to its pre-rally levels and is waiting for more catalysts. Bears Still in the Game? Oscillators....