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Tag Archives: price

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Bitcoin price weekly analysis – 12.11.2018

After rising to a week high of $6,615 last Wednesday, bitcoin price progressively dropped down to a week low of $6,357 on Sunday. Even though the market’s bulls had the upper hand during the beginning of last week’s trading sessions, they were not capable of overcoming the resistance around the $6,615 price level. The market failed to continue on rising ... Read More »

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Bitcoin weekly price analysis – 6.11.2018

After dropping down to a low of $6,242 last week, bitcoin price started rising regularly hitting a week high of $6,529. Even though technical analysis of last week’s charts denoted that we are likely to witness a bearish market during most of the week’s trading sessions, a new upwards wave began manifesting itself last Wednesday following a short bearish move. ... Read More »

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Bitcoin Price Weekly Analysis – 29.10.2018

Bitcoin price has been rather stable during the past week, as it ranged between $6,500 and $6,600 during most of the week’s trading sessions. Over the past 4 days, Bitcoin price surged by around 1%. A week high of $6,626 was scored last Wednesday, and a week low of $6,462 was recorded last Thursday. Even though last week’s charts showed ... Read More »

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Bitcoin Price Weekly Analysis – 24.10.2018

Bitcoin price has hit a high of $7,788 last week , recording gain of around $1,400 within less than a couple of hours last week. Even though this price level has not been scored since last August, the market’s bulls did not manage to keep it above $7,000 for long. However, a new rising upwards trend began to become apparent ... Read More »

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Bitcoin price weekly analysis – 15.10.2018

Bitcoin price dropped by around 7.5% during the previous week. The market’s bears managed to take bitcoin price to break out of the symmetrical triangle pattern, we observed during our previous analysis, towards the downside to record a weekly low of $6,220 last Thursday. However, after the week’s low was recorded, bitcoin price began rising again up to $6,400 on ... Read More »

Weekly Bitcoin Price Analysis – 9.10.18

Bitcoin price has been moving sideways during most of last week’s trading sessions, as the market’s bulls failed to push the market above the symmetrical triangle pattern that we spotted on the charts during last week’s bitcoin price analysis. Bitcoin price failed to breach the resistance around $6,757.5, which corresponds to the 23.6% Fibonacci retracement level, as candlesticks bounced off ... Read More »

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Weekly Bitcoin Price Analysis – 30.9.18

Bitcoin price was more or less stable last week, and gains did not exceed 2% during the week’s trading sessions. Even though this is not what crypto investors expected to happen, it seems that we are in the “silence before the storm” phase, as we are just two months away from the bullish rally that usually takes place towards the ... Read More »

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Bitcoin price Analysis 28 July 2017

Bitcoin’s Civil War is not yet over. These past 2 weeks, the price of Bitcoin was in limbo, trapped between breaking higher or breaking down to lower levels. An impending blockchain hardfork on August 1 is perhaps responsible for the tension that could send prices lower. But there is also the overarching bullish trend from late 2016 that is set ... Read More »

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Bitcoin price analysis 19th July

Bitcoin is in Trouble This week Bitcoin’s internal wrangles, that have intensified over the past 4 months, dragged down prices to below the $2000 price level. Within hours, price painted a red candles spiralling down under the weight of the bitcoin scaling deadlock. The fast approaching August deadlines, that threaten to split bitcoin into 3 or more chains, turned into ... Read More »

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Bitcoin Price Analysis 12 July 2017

Will Bitcoin Tear Itself Apart? This week, the Bitcoin market sentiment seemed to suddenly turn from bullish to bearish overnight. Alternative cryptocurrency markets also turned bearish, as the sharp decline of bitcoin dragged everything down with it. Ethereum dropped 40% from $280 to a low $198 as at writing this. Bitcoin market dominance, a metric that tracks the market capitalization ... Read More »

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Bitcoin Price Analysis July 4th

The Scaling Debate Weighs on the price of Bitcoin Over the past 3 weeks, the price of Bitcoin has been reflective of the tension in the community surrounding a protocol scaling deadlock. Traders are clutching at straws, hoping for a return to the exciting bull trend since 2015. But the failure to break the $3,000 level, and a scaling debate ... Read More »

Bitcoin Price Manipulation – Now and Then!

Since its advent in 2009, bitcoin has attracted the support of technology enthusiasts who were appealed to the technical side of bitcoin as a medium of exchange, as well as libertarians and crypto-anarchists who were interested in the decentralized nature of bitcoin that is not controlled by any government or any other form of central authority. On the other side ... Read More »

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Bitcoin Price Analysis June 13 2017

The Flippening Bitcoin’s teething problems have not gone unnoticed. This week, Ethereum came closer to surpassing the market cap of Bitcoin. ETH price broke past $300 to an all time high of $400, backed by mainstream media and speculator bids on the flippening. Bitcoin’s scaling deadlock and high transaction fees, have led to doubt amongst investors over its continued dominance ... Read More »

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Bitcoin Price Analysis for 29th May 2017

Is Bitcoin in a Bubble? Bitcoin was back in the news this week, after another strong rally to a new all time high of $2760 on May 25, 1430 UCT. Bitcoin continues to prove critics wrong and rope in new investors, speculators, news anchors and traditional wall street money. ABC news Australia had a news segment 3 days in a ... Read More »