How The Bitcoin Price Movement Is Stopping XRP From Rising Again
XRP’s efforts to regain upward momentum following last week’s sharp decline have so far stalled, with $1.50 now rising as the most important price level. A new technical analysis shared by crypto analyst Tara points to Bitcoin’s unfinished price structure as the main reason why XRP’s price action is still stuck below $1.5, with the […]
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After a month of toggling, the price of bitcoin remains just out of reach of its annual high. Since November, the digital currency has repeatedly neared $781.31, the high it set in June, and as we head into the year's final weeks, this game of cat-and-mouse shows no signs of stopping. Bitcoin prices continually surpassed $779 today, rising to as much as $779.35 at the time of report, data from CoinDesk’s USD Bitcoin Price Index (BPI) reveals. This mirrored bitcoin's monthly movements, which have seen the price rising to $778.14 on 2nd December and falling back to as little as $757.83. Yet,....
Rising around $50 in price, Bitcoin had a crazy ride this week. Breaking the monotony that we’ve seen for the last 18 weeks with only single digit changes and the occasional bull run, the rise from $260 to $310 is reminiscent of the kind of trading we saw last year. With a steady buying pattern this week, Bitcoin users experienced steady gains in price with no signs of stopping soon. Interestingly enough, most of the trading seems to be occurring inside the United States rather than being dominated by the Chinese markets like what is usually the case. If you examine the movement of Bitcoin....
The traders’ logic is the same on any market. The expectations and fears regarding any price are represented by the graph itself. But is there a direct connection between the BTC/USD and LTC/USD prices? After a downward movement Litecoin has switched to an upward trend, just as Bitcoin did. This similarity between trends is mostly dependent on USD quoting. After stopping at a long-term level of $3.12, the sellers have started closing their positions, which enabled the buyers to form an upward trend. After breaking through the medium-term level of $3.24, the buyers have held their positions....
Bitcoin price continued soaring yesterday to print a high of around $299. The price has been increasing along the new rising trend line we spotted during Sunday's analysis. It seems that we will see bitcoin price exceed $300 within the next 24 hours, especially if the trading volume remains as high as it has been during the past 24 hours. By examining the 1 hour bitfinex (BTC/USD) chart from tradingview.com and plotting the 20, 50 and 100 period EMAs accordingly (look at the below chart), we can conclude the following: Since the beginning of March, bitcoin price has been rising along a new....
Despite government fear-mongering about Bitcoin's anonymity, anyone with the time and resources can follow Bitcoin transactions through the blockchain. Bitcoin is more private than traditional banking, but the revolutionary cryptocurrency is more accurately referred to as pseudo-anonymous. However, one of Bitcoin's many children-Darkcoin-purports to bring complete anonymity to coinholders through a feature ominously called DarkSend, which will ensure that Darkcoin transactions cannot be tracked or observed by prying eyes. Darkcoin Price Skyrockets on Eve of Masternode Launch. Darkcoin's....