bitcoin bulls

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 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