bitcoin bullish

Bitcoin gains 1.36% within 1 hour after bullish news from Glenn Hutchins

May 3, 2016 11:32 am Published by Leave your thoughts

Bitcoin gained 1.36% earlier today rising from $442 to $448 in just one hour right after Glenn Hutchins, a Federal Reserve Bank of New York board member and investor, came forth with bullish news about Bitcoin and the BlockChain technology. In his speech he drew a bold parallel between Bitcoin and the Internet and, among other things, mentioned that he has bought Bitcoin himself and is currently investing in various Bitcoin companies. We didn’t reach $500… yet In the last weeks of April there was a lot of fuss on Bitcointalk about the possibility of the price reaching a whopping $500 USD mark on or before... View Article

Price of Bitcoin pulls back from yesterday’s high of $452+

April 22, 2016 10:26 am Published by Leave your thoughts

The price of Bitcoin retraced from yesterday’s high of $452 to $443 today on the 22nd of April, 2016 declining -1,99%. It has currently formed a nice hammer on the BitstampUSD chart and while there is still more room to go down on the Slow Stochastic oscillator along with MACD and RSI, the overall feel is very bullish and looks like we’re currently around a good place to go long once again. Bullish Bitcoin getting everyone excited Given that the price of BTC has been moving rather slowly for the past couple of months, it’s no wonder that there’s an increased activity... View Article

Bitcoin bullish, rising for two days from $433 to $445+

April 21, 2016 7:26 pm Published by Leave your thoughts

It looks like the three mysterious flash crash/recoveries on the BitstampUSD chart had absolutely no effect on the overall market as BTC is yet again strongly bullish with a slight hint of a small retracement on the horizon as the stochastic oscillator (both fast and slow) are crossing in the overbought area at the time of writing this post. Check it out: Will Bitcoin reach $500? By lurking on the Bitcointalk forums it has become apparent that a lot of people are expecting it to reach at least $500 by the time block halving happens, but after that the opinions about the future... View Article

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