Bitcoin Price Breakout Dreams Crushed Again—What’s Next?
Bitcoin price failed to gain pace for a move above the $100,000 zone. BTC again declined and is currently consolidating near the $96,000 zone. Bitcoin started a fresh decline from the $99,500 zone. The price is trading below $97,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $96,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $95,000 zone. Bitcoin Price Dips Again Bitcoin price formed a base above the $95,500 level and started a recovery wave.....
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Ancient Greek philosophers learned the importance of dreams: that dreams tied into our reality somehow, but notably that we must first dream of something before we can make it reality. Man told stories and dreamed of flying to the moon, and then with dreams created for generation after generation, we achieved it. Marked by Neil Armstrong's famous words "That's one small step for man, one giant leap for mankind." Bitcoin was a dream, the want and need for change, born from a desire burning in everyone. For if what Bitcoin brings and promises was not what we all desired, then surely, for....
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Here's a look at what we are focusing on in the bitcoin price this morning. Okay then. The middle of the week is here, and it’s time to take stock of what’s happened so far, and what is likely to roll out across the next couple of days. Things have been pretty up and down so far. We started out the week with some relatively flat action, but this matured into some volatility pretty quickly. The volatility, we were able to take advantage of, and we have managed to get in and out of the markets according to the rules of our strategy (primarily breakout) on a number of occasions so far. With....
Researching all things bitcoin thoroughly for the last two years has led me to come across several occurrences of articles referring to bitcoin as a "Libertarian wet-dream". It is commonly referred to this way in several blogs, forums, computer technical websites and even some professional economic journals. The expression is now so pervasive that a Google search brings up seemingly countless instances for your linking pleasure. Perhaps it is now time for a journalistic undercover investigation to confirm the phenomenon is indeed a new epidemic. If the connection between bitcoin and....