Bitcoin Price Flying The Envelope
Bitcoin price continues correcting as the prospect of advance dawns on the market. The general hesitancy to join trend is understandable given this chart’s perverse tendency to fake-out on apparent trending moves. The melodrama of decline in the Chinese exchanges has proven to be just that – every time. They cannot sell lower because there is nothing for the bears down there. The potential reversal at $630 looms but seems less likely as 1day MACD crosses above its zero line at the time of writing. Yet, the situation remains: price advance is constrained by the $630 level and the MACD....
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The Bitcoin Price is flying as we speak. It has risen with more than 60 USD, leaping from 530 to almost 590 USD per Bitcoin. That's almost a 12% increase in less than a couple of hours. Now the big question is, what caused this? The Bitcoin Price is Flying! Why?
Bitcoin price is sitting high and dry between two converging envelope lines near $265 and 1650 CNY. After the Greek referendum catalyst had pushed price to an intra-month high, it is now evident that Greece remains Europe's problem and negotiations have restarted (again). This lull and return to the status quo in the global economy may express itself in the Bitcoin chart as a period of sideways price action. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price....
Verso is a really interesting new hardware gadget that seeks to make your bitcoin life convenient and secure. Calling it a gadget is somewhat of a misnomer, its just a piece of plastic (yes just like a credit card) with bitcoin keys and QR codes on both sides of the card. One is your public key and the other is your private key (sorta). Unboxing, The Experience. But first let's get to the unboxing. More accurately the envelope opening. Remember it's just a little card so they ship it in an envelope. By the way, even though it comes from Switzerland it took less than a week to show up in....
During yesterday's rally in reaction to the Greek "No" vote, Bitcoin price pushed to the upper 10% envelope of the 1-day 200MA and paused. This little known chart feature, strangely, has halted advance and the question is now whether trade will push higher or turn down from the current levels. xbt.social analysis looks to global markets for clues, as well as technical indications in the Bitcoin price chart. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis.....
Crypto is flying high this year, despite the strong headwinds in the bear market. Vueling S.A., a low-cost Spanish airline headquartered in the Greater Barcelona area, has announced that it will begin taking 13 different cryptocurrencies as payment for its flying services beginning in 2019. Vueling is partnering with BitPay on a deal that will allow […]