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First licensed Bitcoin Exchange opening today. More trust in BTC likely to move BTC/USD higher this week

January 27, 2015 3:32 pm Published by 1 Comment

First licensed Bitcoin exchange opening The first licensed U.S based Bitcoin exchange will be opening later today which is great news for all the bulls out there because this move is likely going to bring back a lot of lost trust for the crypto currency, Bitcoin. While I am very surprised to see a move like that from the U.S I am happy it has finally been done. There are serious money involved and since it’s now licensed and approved in many states, the chances of someone running away with your coins has decreased a lot- therefore more people are... 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