Bitcoin is very volatile, there is no question about it. If you’ve been following the rise of this cryptocurrency carefully since it’s beginning, you’ve seen corrections of more than 50%. Looking at the Daily Bitstamp chart of Bitcoin, we can see that in the last 4 days of trading BTCUSD has suffered some losses. From … Read more
Today Bitcoin futures started trading at the CME (Chicago Mercantile Exchange). This exchange is considerably larger than CBOE, which started trading Bitcoin futures a week ago. Before the opening of the new futures contracts on the CME Exchange, Bitcoin price dropped below $18,000 but is now recovering some of those losses and currently hovers near … Read more
Earlier today I published a post about Bitcoin passing $17,000 and testing $18,000 in a matter of 24 hours. Now, several hours later the price of Bitcoin has passed $19,000 and still going higher. The current demand for Bitcoin trading and ownership is so great, that it is pushing the prices to new highs. The … Read more
Only a few days have passed by and Bitcoin is up another $1000. If this steep rise in the cryptocurrency continues, 1 Bitcoin will indeed be worth $100,000 by the end of 2018, as some wildly claim. But let’s look at the daily chart of Bitcoin / US Dollar to find out where it stands … Read more
Many things can be said about Bitcoin, but one thing is certain, it is never boring. Reacting to the bullish news about the demand for Bitcoin Futures, the BTCUSD price moved up and crossed the $17,250 for the first time on Bitstamp. However, the price was pushed back on the same day. Today Bitcoin bulls … Read more
The CBOE Exchange in Chicago featuring the first Bitcoin futures contracts at 18.00 EST on Sunday crashed temporarily due to heavy traffic, as tweeted by the CBOE. The result is that the price of Bitcoin is back at $16,500 (Bitstamp) and testing those high levels for the second time. The high of the preceding pin … Read more
After an amazing run to almost $17,000 Bitcoin price retreats to $13,000 just before Bitcoin Futures open trading this Sunday. Based on the last three days of trading, we can see that there is a clear support level near $13,000. Bitcoin may still go much lower, as this level is only based on the last … Read more
Bitcoin has just passed the $15,000 level and is now confidently approaching $16,000 in what may seem like the steepest rise in the history of the cryptocurrency. Almost no one predicted that Bitcoin could touch the $15,000 level before the end of this year. But here it is, not only has Bitcoin crossed this level … Read more
Few days ago, there was a slight uncertainty facing the traders which reflected in the long-tail pin bar on a daily chart at Bitstamp. However, Bitcoin very comfortably crossed the high of the pin bar and went on to break the $12,000 level and now also the $13,000. The Bitcoin bulls took the market by … Read more
After a phenomenal and very surprising run, the price of Bitcoin in relation to the US dollar is showing signs of retreating into a inevitable correction.
On a daily chart of BTCUSD as shown by price data from Bitstamp, we can clearly see a long-tail Pin bar indicating a trend reversal.