Preserving the Markets: What Needs to Happen to Bitcoin Price
It’s now been over a week since the Bitcoin “halving” and, as the smoke clears, price speculators and miners are starting to re-examine their analyses. Perhaps we shouldn’t be guessing what will happen to the bitcoin price in 2016, but instead, start looking at what should. Civic CEO Vinny Lingham, a frequent commentator on price movements, told....
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As bitcoin continues to garner attention from investors and regulators alike, inevitable regulation should be focused on helping the former. The post Balancing Calls For Bitcoin Regulation While Preserving Satoshi’s Dream appeared first on Bitcoin Magazine.
Here's a look at what we are focusing on in the bitcoin price this evening. Another day done, and another opportunity to pick up some profit from the bitcoin price and its associated volatility out of the way. There wasn’t any particularly volatile action during the session, and things remained within our predetermined range, which meant it was tough to get in to any trades mid session. Intrarange was off the table based initially, but we brought it in to play half way thorough the morning session, targeting a reversal towards support on a resistance correction. Didn’t happen that way, and....
It could soon be time to call an end to the trading range in which Bitcoin has languished throughout 2022. Bitcoin (BTC) narrowed its consolidation range on March 18 as the TradFi trading week looked set to end with $40,000 still in place.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTraders patiently await paradigm shiftData from Cointelegraph Markets Pro and TradingView showed BTC/USD preserving $40,000 support overnight, and with it the area highlighted as "crucial" by analysis Thursday.Macro cues had lessened following the United States Federal Reserve rate hike....
Another rise in the bitcoin price — since our last price piece, bitcoin has jumped up by about $3, and is hovering around $673 at press time. With the highly-anticipated block reward halving drawing ever-near, this bump might be an indicator for an even larger rally in the coming days. The Halving: What’s Going to Happen? The halving month has finally arrived, and this could potentially be the first of several jumps in the coming days and weeks. While no one is making any real predictions yet, the fact is that there is no going back. Bitcoin has reached ‘the point of no return,’ and....
A turn to decline didn’t happen, which means that the upward trend is to continue. Bitcoin’s price now stands a chance to reach $445. Will the upward trend continue? The lack of a downward trend means that the bulls are holding the advantage. The majority of the traders were expecting the price to grow, at least in the medium-term scale. Thus, the turn to decline didn’t happen. The $424 resistance remains a critical point. That level is the most likely for a turn of the trend towards the next target of $415. A rebound from the level of $424 has only confirmed its significance. Thus, if a....