Factors Favouring Bitcoin Price Rise in Coming Days
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....
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The price of bitcoin is back in the spotlight, but following weeks of sky-high gains, market observers are beginning to assess what could be next. After hitting two-year highs earlier in the week, bitcoin prices fell notably entering Wednesday, nearing correction territory after enjoying a sharp rally. However, several market observers asserted this decline was only temporary, and that the price could push its price higher in the coming weeks. Experts pointed to a number of factors, including rising volatility, the coming decline in bitcoin rewards and falling bond yields and the looming....
Perhaps last week gave us so much excitement that we needed some time off. In our previous price piece, bitcoin shocked its fans by jumping to the $530 range within a matter of days. Now, we look at bitcoin, and it hasn’t moved. In fact, several days later, Bitcoin is exactly where it was before. Will the Price Stay Flat at $530? Will the currency continue to rise in the coming days? It’s hard to say, exactly. Bitcoin is certainly on the rise. This past week has shown that, but a pause seems to be occurring in what can be called the Bitcoin assembly line. As several sites and platforms....
The recent political and economic situation across the world has increased the chances of Bitcoin's price going up in the coming days. The year 2016 has been a great year for Bitcoin. Apart from the few instances where the cryptocurrency network’s mempool was flooded with unconfirmed transactions due to increased activity, it has exhibited a great performance in the price front. Specifically in the recent days, Bitcoin price has been on an upward rally owing to various political and economic factors. Some of the recent events that might spell good news to the Bitcoin ecosystem includes:....
Yes, the weakening yuan is responsible for the rise in the price of Bitcoin. But what about some other efforts that have been playing complementary roles to push the top digital currency's price to a level that is far higher than what we have experienced in previous years? And with the look of things, the reality is: these contributing factors are the mainstay of what is keeping the price of Bitcoin stable and unwilling to give in to any form of reversal. Bitcoin’s price has gone up $100 in a month from about $605 as at September, 30 to up to $705 by October 28 - as at the time of this....
Bitcoin price is expected to increase in the coming days. Currently, bitcoin is highly undervalued. Since its introduction, bitcoin’s price has never been the hallmark of stability. It has proven itself to be a highly volatile digital currency which has recently shown some signs of stability in its value. The value of bitcoin is currently hovering at the $440 range, which is considered to be less than its estimated value at the moment. The value of bitcoin has been in the $400 range since the beginning of this year. With lots of changes expected on the bitcoin network, we can expect these....