bitcoin bubble

Bitcoin just tested the $400 USD area again

December 7, 2015 4:15 pm Published by Leave your thoughts

Ever since my last post about Bitcoin more than two weeks ago, I have been keeping a close eye on the price movement and the news as well. Judging from the chart alone, it’s highly possible that Bitcoin will soon break the $400 resistance level, because it has tested it twice already in the last two days and today’s hourly candle closed a lot closer to this level than the previous. The technical analysis is definitely showing an increasing pressure from the bulls, but that’s not all! The news have been very favorable as well. Visa is Testing Remittances on... View Article

Is Bitcoin getting ready for another bullish rally?

November 16, 2015 10:22 pm Published by 1 Comment

After almost two weeks of sideways movement we have once again started to see “strange” movement on the BTC/USD pair. A massive dump yesterday, then a couple of hours of sideways movement followed by a massive bullish candle almost exactly the same size as the dump indicates that something is indeed brewing in the Bitcoin world. The recent Bitcoin rally that peaked around $520 USD per Bitcoin on November the 4th, may have just been a prequel for what’s coming. Japan as the next pump The previous pump was initially started by the Chinese investors when their economy ran into... View Article

Bitcoin declines -20.5% after this week’s insane bullish rally

November 6, 2015 3:24 pm Published by Leave your thoughts

Bitcoin rallied all the way to $459,200 on the charts of BTC-E and even broke the $500 barrier on Bitstamp this week after the last weekly candle from October closed nicely above $304,300 resistance level indicating more bullish movement. It didn’t take long for a panic buying frenzy of massive proportions to take place shortly after that. Everyone wanted to get in early in fear of missing out. Sudden decline Bitcointalk was teeming with investors and traders speculating on the price of Bitcoin and the vast majority of people agreed that this is going to be a serious breakout. Even... View Article

Bitcoin just hit the $420 mark and it doesn’t look like it’s stopping

November 3, 2015 10:26 pm Published by 2 Comments

The last time we saw Bitcoin around these levels was exactly one year ago in November 2014. We were just coming down from a down trend correction that peaked at $667,530 on the 25th of May as people were desperately trying to get rid of their remaining coins and we had no idea where it would stop. Then, less than a month later we finally hit the bottom at $200 where the price remained solid for almost a year, continuously dancing between $260 and $198. Strong news to back it up The first thing that comes to mind when you... View Article