bitcoin

Is 420 the new floor for Bitcoin?

February 19, 2016 10:33 am Published by Leave your thoughts

Bitcoin sure likes to blaze it or so it would seem. The price is back around the 420 area where it reached in November 2015. Ever since the Mike Hearn news, Bitcoin has been struggling to break the $400 resistance, but it finally managed to do so just in time for Valentine’s day and while most speculators on BitcoinTalk tend to agree that this is the new floor for the crypto, I’m a little worried about the head and shoulders pattern that’s forming on the hourly charts. Head and shoulders on 1H As I’ve stated before I’m a Bitcoin permabull and... 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

Bitcoin breaks the 400 resistance as identity of its founders is revealed

December 9, 2015 3:35 pm Published by Leave your thoughts

Bitcoin just broke the 400 usd barrier shortly after rumors about the revealed identity of the Bitcoin protocol founder were released on the internet. According to Wired and Gizmodo, the mysterious man behind Bitcoin, Satoshi Nakamoto, is in fact an Australian  entrepreneur Craig S Wright. Bitcoin stable around 420 The sudden $16,50 USD jump in Bitcoin price quickly found stability around the 420 USD per coin area today where it has been hovering for pretty much the entire day showing signs of further upward momentum. Is Craig S Wright really Satoshi? The evidence provided so far can’t be used to... 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

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

What is BitGold and why should you care?

November 7, 2015 11:04 am Published by Leave your thoughts

BitGold is a new online payment processor, sort of like PayPal, where your funds, transactions and savings are backed by physical gold instead of being just a number on the screen. The gold you own is stored in one of more than ten vaults around the world and if you want, you can redeem your physical gold at any time in the form of bullion. Founded in 2014 by Roy Sebag (former head of PayPal Canada) and Josh Crumb, BitGold is currently operating in 166 markets with over 320,000 registered accounts and growing. What’s the significance? The first I heard... 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’s struggle to break the $300 USD barrier continues

October 27, 2015 12:23 pm Published by 1 Comment

While it’s true that the Bitcoin, at least in theory, should continue to climb against the USD in the coming weeks and months, we are once again finding some serious resistance from the $300. The most recent rally found resistance around the $296 area to be precise and when we look at the overall movement of the crypto currency through the entire year of 2015, we will see that it’s not the first time this has happened. Breaking $300 is key When you look at the chart above, you will immediately notice that we are right now testing the $300... View Article