Bitcoin Price Watch; Closing Out The Week On A High
Here's a look at what we are focusing on in the bitcoin price this evening. So that’s the week done, and it’s been a busy one. Things have played into our strategy from all angles, most notably (and I promise we’ll stop mentioning it from next week on out) the election in the US. It didn’t really play out as we expected, but that hasn’t impacted sentiment, at least not from a negative standpoint, and we’ve had lots of lovely volatility to dampen the disappointment of any decrease in volume. We’ve got the remainder of the US session left before wider financial markets take a break for the....
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Here's a look at what we are focusing on in the bitcoin price this morning. Okay then, the end of the week is here, and it’s time to put forward the penultimate of our twice-daily bitcoin price watch analyses for the week. Things have been pretty on and off this week. We have had periods of strong volatility, during which we have been able to get in and out of the markets according to our strategy rules for a few decent profits, but we have also had some relatively flat periods, whereby price has traded sideways and not really given us much to go at from a trading perspective. Let’s hope....
Here's a look at what we are focusing on in the bitcoin price this evening. There we go – another week done in the bitcoin price. We’ve had a great week, and there have been loads of chances for us to get in and out of the markets according to our intraday strategy. Unfortunately, we haven’t managed to draw as much from the market on this last day of action as we might have liked. Not that price didn’t move (as we’ll get to shortly, it really did) but just that the move was a bit choppy, and didn’t mirror the sustained momentum we have enjoyed over the past few days. With that said,....
The bitcoin price has fallen 11% over the last seven days, opening at $254.51 on 26th January and closing at $226.40 on 1st February, according to the CoinDesk Bitcoin Price Index. The price spiked at the start of the week, however, when it hit a high of $307.97 on the back of major announcements from Coinbase, which included its record-setting $75m funding round and the launch of its US-based exchange. The price jumped by more than $50 in intra-day trading. Price gains were quickly lost again as successive trading sessions took their toll. The biggest dip occurred on Wednesday, as the....
Here's a look at what we are focusing on in the bitcoin price this morning. So there we go. Another week pretty much complete, and it’s been a big one for many reasons. Trump is heading to the White House, the bitcoin price has made a series of fresh highs, and sentiment seems to be on the up. We’re expecting this sentiment to maintain throughout the weekend and into next week, so 800 is looking more and more of a possibility. Yes, we’ve got $80 or so to go before we crack this level, but we’ve seen bigger moves over a couple of days, and we’re going to be optimistic. So, with this in....
The bitcoin price continued its decline this week, deepening losses that began last week. However, fundamentals suggest there may be reason for optimism in the long-run. Bitcoin was trading at $352 at the start of last week, close to its high for the period. It dropped to a low of $320 on Saturday. It closed the week at $325, losing $27 over the seven days. That's a drop of about 8%. To put the latest price movement in context, last week's Markets Weekly reported the Bitcoin Price Index at a high of nearly $390, before losing $40 over the week. The last two weeks, then, has seen the price....