Every Time Bitcoin Price Ups $1000 Level, PBOC Meddles To Hold It Off
Will Bitcoin’s future rest on keeping the dragon happy? We have come a long way from an independent currency. What would you rather have? Wild speculation but a completely government free Bitcoin or a new Bitcoin run by the PBOC? Bitcoin was envisioned as a free and independent currency and it was always thought that governments could not really have a great impact on the price movement of this cryptocurrency. Indeed, it has been this aspect of Bitcoin that appealed to many people including people in countries like Venezuela, Nigeria and India where government’s mismanaged their domestic....
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The cryptocurrency world is abuzz again as Bitcoin price continues to climb to new heights. It is almost getting to a point many Bitcoin enthusiasts have seen before, although for only a short period of time - 1 mBTC getting to be on par with $1. Bitcoin price has almost crossed the $1000 mark on several exchanges including Bitfinex, Poloniex and Bitstamp as at the time of writing. With the look of things, the crossing may happen today, Feb. 2 although the likes of Erik Voorhees and several other onlookers had predicted it would have happened at least a day earlier. The last time the $1000....
The bitcoin price has started to recover already, even though there was no need for panic-selling in the first place. The PBOC temporarily “spoiled” a new all-time high for bitcoin once again. To be more precise, the bank revealed they will hold a closed-door meeting with several bitcoin exchanges later today. It is not the first time this happens over the past few weeks, hence there is no reason to panic. That said, the news sent some shockwaves through the bitcoin trading community as the price dropped by nearly 6% before recovering. As one expects from a private meaning, no one knows....
Bitcoin price seems unstoppable in its climb as it is gunning for the $1000 level, which could be a profit-taking point. Bitcoin Price Key Highlights. Bitcoin price continued its ascent yesterday, taking out the $950 psychological barrier and setting its sights on $1000 next. A rising trend line can be drawn to connect the recent lows of price action, illustrating potential support levels in the event of a pullback. Profit-taking could ensue at the $1000 level since this represents a major psychological number. Technical Indicators Signals. The 100 SMA is above the 200 SMA on the 1-hour....
Bitcoin price has broken the key psychological level of $1000 on Mt. Gox and pushed above $900 on Bitstamp. The Bitcoin price is exploding right now! Possible reasons for the push are mentioned elsewhere on CCN. As can be seen above on the daily chart, a long green candle is forming on the 5th day of consecutive gains. This is good news for all of us with long positions. I added the final portion to my long position on Friday the 3rd as the Bitcoin price cleared the key $800 Support / Resistance level. As price has also blasted through the 76.4% Fibonacci line (dark blue), I see no obvious....
Bitcoin price has scaled beyond the $1000 for the second time in 2017 and the first time in four weeks. The end of 2016 saw the cryptocurrency flirting with $1000 before scaling the mark come the new year. The Bitstamp Price Index (BPI) reveals bitcoin scaling the $1000 milestone at 16:30 (UTC) on Thursday and despite a brief dip shortly after, bitcoin was trading to the dollar at $1010 at the end of day. Momentum stuck through the early hours of Friday as price swelled further to register a high of $1022.6 at 06:30. Prices fell below the threshold again toward $998 before recovering near....