bitcoin

The long waited confirmation for bullish Bitcoin

November 9, 2014 2:28 pm Published by Leave your thoughts

It’s happening! First of all check out how well the support level (black horizontal line on the chart) has been holding. The price bounced right back up after hitting it the second time with a significantly lower selling strength. This means that the buyers are slowly gaining strength and it’s well known that all the prices anywhere tend to go up much slower than when they fell. That’s why the bulls are always more patient traders and bears try to bite it quickly.   Let’s check out MACD When we add the MACD (moving average convergence/divergence) indicator to our charts... View Article

Bitcoin… oh Bitcoin, what are you up to now?

November 5, 2014 3:10 pm Published by Leave your thoughts

Bitcoin price trend   When you look at the overall chart you can clearly see that the price of Bitcoin has gradually declined since June 2013. However, the lowest point of around $280 was reached in October and it hasn’t been touched any more. It seems to me that there is a great potential for trend reversal especially because the last three days have closed higher than the previous.   We have to wait a little longer to confirm this, but things are looking rather good in my opinion. Remember 10 days ago where I didn’t recommend opening a position... View Article

Bitcoin price acting as expected. Is it time to open a long position?

October 26, 2014 11:06 am Published by 1 Comment

More than a week ago I made a bold prediction about the Bitcoin price and suggested that it would probably touch the $400 mark, maybe even $420 before going down again. Guess I was right! A few days later the price moved up to $420 and gradually started falling until yesterday, the 25th of October, we finally met our first support level around the $350 area. So… now what? There is definitely room for the price to move further below all the way up to $280 which seems to be a very strong support level. Then again our current position... View Article

Behold! The Bitcoin bulls have returned and prices are now on the rise

October 14, 2014 12:52 pm Published by Leave your thoughts

 The bulls have returned Just three days after I published my bold Bitcoin price prediction the price has behaved exactly as predicted. After gently touching the $280 area the price held steady on $350+ for a few days and later climbed to $400. In my previous article I mentioned how media can influence buyers and sellers: ” I wouldn’t be surprised when in about a month Bitcoin will receive more media coverage and everyone would be saying that it’s the perfect time to buy more coins due to the relatively cheap price compared to what it was 6 months ago.... View Article

Ynef’s take on the current price of Bitcoin and Bitcoin price prediction

October 10, 2014 10:57 am Published by 2 Comments

Bitcoin price in the year 2014   Bitcoin is the most popular cryptocurrency right now and it will remain the most popular and most traded cryptocurrency for at least a few more years or until someone comes up with a better alternative.   The price of Bitcoin has been quite volatile throughout the year 2014. It has touched the $1000 mark and dropped back to $300. In December 2013 we witnessed Bitcoin find resistance in the $1200 USD mark – the highest price for Bitcoin yet. This was mainly due to extreme media coverage that Bitcoin received in the second... View Article