Looking at the BTCUSD Daily chart we can see that there is a head-and-shoulders pattern developing which could be a sign off an impending sell off. Head and shoulder pattern with a crossed neckline is usually a strong indication of a trend reversal that can last weeks or months. Currently the price is still above … Read more
Bitcoin has been falling in value in the past week but what has some investors going into a panic mode, others see as a very healthy behaviour for the cryptocurrency and another buy opportunity. Bitcoin has fallen to almost $11,000 from a high of just below $20,000 but it is no regaining a bullish momentum … Read more
There is a growing concern that Bitcoin is currently heavily overpriced. (even with the recent drop to $11,200) The price of Bitcoin shot up this year like a rocket and there seems to be a growing number of retail investors chasing Bitcoin’s historical gains. In response to this influx of public interest, all types of … Read more
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
This is a review of one of the most widely recognized Bitcoin and cryptocurrency exchanges, HitBTC. With over $500 million traded volume within 24 hours, HitBTC find itself within the top 10 biggest crypto exchanges in the world. Yet its growing popularity is mostly thanks to the innovative and easy-to-use trading platform which also includes … 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