Bitcoin Price Drops: Where do We Go From Here?
A bit of a fall has occurred on bitcoin’s side. Since our last price piece, the bitcoin price has stumbled by about $12 and now hovers at $628. Bitcoin Price Heading South? One source writes: “The levels in focus moving forward are in terms support to the downside at 629, and in-term resistance to the upside at 632. Just as with this morning, this width of range is far too tight to go at with an intra-range approach, so it’s all about breakout for now. If price closes above in terms of resistance, we will get in long towards an immediate upside target of 637. A stop on the trade at 630....
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The price of bitcoin is now hovering around $250. Just recently I reported on the currency's stance at around $232, and now that price has risen by almost $20. Digital currency enthusiasts should be feeling good, right now. There's evidence that their investments might be making a comeback, but there is still a long way to go. I will say that if there is one thing the bitcoin price has taught me, it is that you can't be too careful. If you share my personality, you probably sit and wait for things to get better. You hold onto that hope, and even though the price may rise, you're always....
I have found out recently that I know a lot less about dogecoin than I thought I did. For one thing, the financial converter on dogepay.com converts 1,000 DOGE into $0.14 in USD... 14 cents?? Really?! How can a company that's so charitable and has done so well for itself produce something that's worth so little? Maybe the differing amounts of Dogecoin and Bitcoin in existence has something to do with it... The same website converts bitcoin into USD. What's interesting is that for the past several weeks we have all been concerned over bitcoin's price fluctuations. One day it's over $300.....
On January 4, 2020, the price of bitcoin slid to the lowest point of the year dropping from Sunday’s high of $33,800 per unit to $27,734 a few minutes after 5 a.m. (EST). In fact, the price dip filled CME Group’s large futures gap after the regulated exchange has seen six consecutive gaps since the run-up. Meanwhile, a number of other cryptocurrencies have seen significant gains and they did not drop as much as the leading crypto asset. Bitcoin (BTC) prices took a hit on Monday morning losing a total of -17.94% from 1:30 a.m. to 5:15 a.m. (EST). On Sunday, BTC’s daily....
Bitcoin would likely extend losses further if Fed Chairman Jerome Powell drops hints of a gradual unwinding of stimulus programs later today.
Bitcoin investors were hammered by the price drop and the bearish trend that has been overwhelming the market over the past 3 months. The high volatility of bitcoin is a giant hurdle that limits the acceptance of bitcoin as a currency because the price of a currency must be stable enough in order to be suitable for use on a wider scale. On the other hand, the high volatility of bitcoin can be tempting to a large number of traders who believe that "With big risks come great profits", so how can we minimize losses secondary to bitcoin price drops? Looking Into Bitcoin's Volatility: A close....