Bitcoin Price May Strengthen Further in the Coming Days
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:....
Related News
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....
Monday, January 25 2016, Bitcoin price began at the level of $397. Last Friday, due to higher raw material prices, we saw an uptrend in the stock and commodity markets that reversed the downtrend after the collapse of 20 January 2016. Moreover, on Friday the trend went up on profitable currency cross-rates. For this reason, today, January 25 2016, we should expect a continuation of the uptrend in global markets. By the end of last week, Bitcoin price moved to $380, but later it strengthened to $400 on the weekend. We see no fundamental reasons for a further reduction of Bitcoin. However,....
Kim Dotcom, in his latest tweet, predicts the Bitcoin price to hit $2000 in the next two years after the launch of MegaUpload 2.0 and BitCache. Kim Dotcom, the internet entrepreneur has yet again reiterated his forecast for Bitcoin price in the coming days. In his latest tweet, Kim states that the launch of MegaUpload 2.0 and BitCache will soon ensure the price of Bitcoin to cross $2000 in the next two years. Kim Dotcom’s tweet comes as a reply to one of the Twitter user’s question, asking him whether he thinks the price of Bitcoin will rise because of MegaUpload 2.0 and BitCache. Kim has....
Bitcoin has been rallying higher once again after days of consolidation. The cryptocurrency currently trades for $16,100, though traded as high as $16,500 hours ago. A leading analyst says that Bitcoin is trading in the midst of a textbook Elliot Wave pattern that will likely end with BTC peaking at $18,200 in the coming days, then correct toward $15,000. Bitcoin Could See One Last Leg Higher Bitcoin has been rallying higher once again after days […]
The last ten days have seen all resistances give way. Ten day ago, I was telling you “The coming days do not look bright, and Bitcoin could well get bellow $255 quite fast.” Well… The coming days aren’t any brighter. Now there is no resistance left, Bitcoin could fall to $100 without surprising me. In this context, some of you may want to diversify in other altcoins. Be, however, careful with this: remember the first rule mentioned in the previous article: The market is always right. The second rule is that if the price is king, the liquidity is queen. There are numerous altcoins around,....