Why Bitcoin Price May Drop Over the Next 30 Days
No one has a crystal ball when it comes to Bitcoin, but if you have enough intel, you can make a very educated guess or hypothesis. Mine is that Bitcoin price will drop or fail to grow over the next 30 days – and potentially longer than that. Here’s why. Buy Low, Sell Way…Way Later. One thing I should point out is that I love when Bitcoin price falls or maintains its value, without a major increase. This allows me to buy more of this asset well below what it will be worth in the future. I’m not a day trader or a short-term player, so why would I want a $2,000-3,000 Bitcoin in 2017? I am....
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Bitcoin has undergone a strong drop since peaking at $19,500 just days ago The coin currently trades at $17,000 as of this article’s writing Analysis compiled by Coinalyze found that over the course of the past few days, $1 billion worth of open interest has been wiped from leading Bitcoin futures exchanges This was accompanied How the Strong Bitcoin Drop Affected the Futures Market For BTC Bitcoin has undergone a strong drop since peaking at […]
Bitcoin price fell slightly below the $220 support level to score a low of $214 before rising up again to $221.71 at the time of my writing of this article. Bitcoin price overshot below the $220 support level; yet, it rapidly corrected itself to rise above $220 during later trading sessions. By looking through the 1 hour (BTC/USD) Bitfinex charts fromtradingview.com (look at the below chart), we can notice how the price dropped to $214 yet the downtrend was reversed a few hours later and pushed the price above the $220 support level. As shown on the below chart, we can see how bitcoin....
Bitcoin's price over the past week was a scene of panic for many, but also jubilation for some, as it plummeted by over $100 over two days, only to quickly regain half of those losses. The well-prepared trader would have profited from this intense volatility. The bitcoin price opened the week at $267.09 and closed at $209.63, according to the CoinDesk Bitcoin Price Index. That's a loss of $57.46 or 22% over the seven days. The biggest story, of course, was the price crash in the first days of the week, when the price lost 37% of its value in two days, hitting a low of $170.21 on Wednesday,....
Bitcoin has been trending down for five days now. Another piece of bad news came Wednesday, as the People’s Bank of China said digital tokens can’t be used as a form of payment. After the announcement, both BTC and ETH saw a 5% drop. The price of bitcoin has already dropped over 35% from $56,000 […]
Looking at a Bitcoin price "candlestick screen" is no way to go through life. If you are day trading Bitcoin, or are in Bitcoin for the short-term, to make a quick hit, this article is not for you. If you think the U. S. Dollar is going to be the global currency for the rest of your waking days, turn back now. If you think gold and silver are the only "real" commodities worth investing in, you are free to leave the room. Also read: Why Bitcoin Value vs. Dollar Doesn't Matter. That is for the Bitcoin full-timer. The lifer. The person who gets paid in BTC and knows how special it truly is.....