Bitcoin Price Breaks Sleepy Spell to Jump Above $950

Bitcoin Price Breaks Sleepy Spell to Jump Above $950

Bitcoin prices are up more than 3% since the start of the day’s trading, climbing above $950 for the first time in weeks. The average price hit a high of $959.37 from an open of $920.24, according to the CoinDesk Bitcoin Price Index (BPI). BPI data shows that the price of bitcoin hasn’t exceed $950 since 6th January. The rise above $950 came after several days of relatively stable trading, in which the price of bitcoin ranged between roughly $910 and $922, according to trading data. At press time, the average price of bitcoin is $956.32. CNY-denominated markets have climbed nearly 11%,....


Related News

Dogecoin Price Breaks Out Of Falling Wedge Formation, Is A 50% Jump Possible ...

The Dogecoin price displays strong bullish signals after breaking out of a Falling Wedge formation. The breakout and a successful retest of the wedge pattern have fueled optimism of a potential price rally, with a crypto analyst forecasting a 50% jump to new highs soon.  Falling Wedge Breakout Signal Dogecoin Price Rally  Dogecoin has been […]

Counterparty: The Fuel for Bitcoin Price Stability?

Bitcoin has managed to move one step further up the financial stairway, reaching $581 USD as of press time. While the jump isn’t as large as its predecessor, the price of bitcoin hasn’t been this strong in well over a year, and many are breathing a long sigh of relief and hoping things continue to stay this way. Their hopes may come true, with a little push from Counterparty. Naturally, analysts seem to be right where they’ve always been, acknowledging the bitcoin jump while simultaneously advising against investments until further notice. As one source states: “Price has completed a…....

Litecoin Price Technical Analysis for 7/10/2015 - Strong Resistance Ahead

Litecoin rises 2.92 percent to $3.098 as it breaks away from the consolidation phase which lasted for 7 consecutive days. This is also the highest closing level for Litecoin in over a month. The rise in Litecoin could also be partly attributed to a strong surge in Bitcoin on the back of a strong momentum breakout. Helped by the price jump, Litecoin is now in the sniffing distance of a crucial overhead resistance which we discussed in the previous Litecoin analysis In a Fix? Below are the latest technical considerations taken from the daily LTC-USD price chart. Helped by the price jump,....

Bitcoin Price Tell Me You’ll Be True

Bitcoin price is climbing in a choppy advance. Is this the base of a large advance, or just an upward correction in a sideways spell? No telling what is happening in the chart… a setup for advance, or decline? Or a long consolidation above $550? The 1hr chart (not shown) continues to signal wildly and we pay it no mind. However, the 4hr chart (above) is interesting because it had previously given us a false buy signal, and is now on the verge of signaling a sell signal. Do we believe it? Not without 1hr confirmation, and the 1hr chart is nowhere near signaling decline in any of its....

Price of Bitcoin Jumps from $500 to $600 in One Day

That didn't take long at all. It looks like the price of Bitcoin has hit $600 today. If you weren't already aware, the price had just hit $500 Sunday. Yesterday. That's a $100 jump in a matter of 24 hours. Impressive. In fact, as I sit here writing this (with the sunlight absolutely blinding me, but I digress), the price has even jumped closer to $620. Just how high will it climb is anyone's guess (I know, I always say this). I wouldn't be the slightest bit surprised if we climb to $700 tomorrow. No doubt, this jump will attract media reports, further turning more people on to the digital....