bitcoin price

Bitcoin drops -11.76% to $4963, finds support around $5000

April 26, 2019 6:14 am Published by Leave your thoughts

In one swift move Bitcoin just cleared most of its winnings that were accumulating in the previous couple of days. For the time being the price seems to have found support around the psychological barrier of $5000. Around the same area lies the 23.6% Fibonacci retracement level. The red candle it formed the day before yesterday showed us that there is a strong resistance at 38.2% Fibonacci retracement or $5532.75. If the price can keep above $5000, we will most likely see a gradual attempt towards the next resistance once more. However should we break the $5000 psychological barrier, there... 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 slowly recovering after Mike Hearn news in January

February 14, 2016 11:44 am Published by 1 Comment

In the first weeks of January 2016 a leading Bitcoin developer Mike Hearn announced to the world that Bitcoin is dead and broken. In his article he talks about how the community has failed and how the Blockchain technology can’t reliably handle too many transactions at once. He also mentions that the market is controlled by Chinese miners and just two miners control more than half of the entire hash power. Naturally this announcement caused a network wide panic as people were worried Bitcoin is done for good this time. Bitcoin’s death greatly exaggerated After the usual media shitstorm and... 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

Bitcoin holding steady over the highest point ever in the year 2015

October 31, 2015 2:15 pm Published by 1 Comment

In my previous post about Bitcoin I said that breaking $300 was important, but that was only important because it’s a nice round number and human beings like these sort of things. The actual level that needed to be broken was $304,3 which was the highest point Bitcoin had ever been this year and sure enough it managed to not only break this level, but stay above it steadily for more than 24 hours. As of right now, Bitcoin has not been this expensive in the entire year of 2015 so things are looking rather good! Unlikely a pump and... View Article

Bitcoin price in July staying below $295 USD, expected to gain later in August

July 28, 2015 6:50 pm Published by Leave your thoughts

The popular cryptocurrency, Bitcoin, is once again showing signs of a new bullish run toward the strong psychological and technical resistance around $300 USD area. It’s doubtful we will see any significant moves this month, because we only have three more days left. However the overall look on August 2015 is very positive and it’s possible we will break the resistance and price will stabilize above the $300 USD later in August. Bollinger Bands breakout on W1 The first week of July was a great bullish trading week that managed to break through a very tight Bollinger Bands formation. It’s... View Article

Correction in the Bitcoin price and what to expect later this month

November 13, 2014 5:39 pm Published by 1 Comment

I underestimated the market Guess I have underestimated the buyers potential and also the significance of the recent hidden service raid that FBI conducted earlier this week. Just look at that wonderful green bullish candle 🙂 There’s clearly a connection between the raid and the price movement here because last time FBI closed one of the biggest darknet marketplaces and confiscated millions of dollars in Bitcoins the price skyrocketed exactly the same way just a few days later. After they put those coins out for auction the price obviously fell and now we can see the same thing happening all... View Article