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 […]
Although it has yet to overtake Ripple, Jed McCaleb's Stellar has performed respectably in its first several months. The payment gateway's native currency has consistently remained in the top-twenty on the market cap charts. However, the stellar price has not been living up to its name over the past couple weeks. Also read: Stellar Price Rises Despite Bitcion Price Drop. Stellar Price Reaches Three-Week Low. On October 9, the stellar price fell to 662 satoshis, which marked a three-week low for Ripple co-founder Jed McCaleb's latest altcoin project. As recently as September 29, the stellar....