BITCOIN PRICE: 902.81     HIGH: 1,019.47     LOW: 895.24

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Category: Price Analysis

Bitcoin Bears Look to Seize Control Over the Weekend

Category: Price Analysis

Bitcoin Bears Look to Seize Control Over the Weekend

BTC-USD is down around 5 percent from the start of March 24, falling below the psychological handle at $1000 and breaking support at $1017. Bears look to have snatched control of the market. If the price of bitcoin remains below $985.67 until March 25, then bearish dominance will be confirmed, with a possible downtrend ending near $750. In this article,...

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Bitcoin Price Dips Below $1000, Sentiment Dampens on Hard Fork Concerns

Category: Bitcoin, Commentary, News, Price Analysis

Bitcoin Price Dips Below $1000, Sentiment Dampens on Hard Fork Concerns

BTC-USD dipped below $1000 to a five-week low, temporarily trading below $975, the low in the market following the COIN ETF’s disapproval. Two factors which precipitated the panic in markets are the possibility of a split in the network due to the standoff between Bitcoin Core and a substantial proportion of miners and the proposed verification of bitcoin users’ identities...

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Ethereum's Cryptocurrency Rises to New High Above $50, Where Next?

Category: Ethereum, News, Price Analysis

Ethereum's Cryptocurrency Rises to New High Above $50, Where Next?

The cryptocurrency powering Ethereum's blockchain, ether, has managed to reach a fresh all-time high just above the $50 handle and experienced a huge increase in volume, as more traders, investors and speculators are drawn to the altcoin. In comparison to the Bitcoin community, Ethereum looks to be steaming ahead at this point. The Enterprise Ethereum Alliance, progress on the long...

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Why Bitcoin's Sudden Drop Will Recharge Bulls

Category: Bitcoin, Commentary, News, Price Analysis

Why Bitcoin's Sudden Drop Will Recharge Bulls

Bitcoin drops, but the fundamentals against fiat remain the same, providing an opportunity for a favorable long-term trade. The structure of the market suggests the current downturn is just a pullback for BTC-USD, with the market squatting and getting ready to jump to new highs. Another Upward Move, Retracement and Extension BTC-USD dropped approximately $100 in just four hours, falling...

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Bitcoin Surpasses All-time High, Peaks at $1193.92

Category: Bitcoin, Commentary, News, Price Analysis

Bitcoin Surpasses All-time High, Peaks at $1193.92

BTC-USD surpassed the all-time high on February 23, with the price on the Bitstamp exchange reaching the highest level in Bitcoin's eight year history, at $1193.92. Bitcoin's ongoing long-term uptrend against fiat currencies intensifies as the SEC's decision on the Winklevoss ETF approaches. Depending on the capital of the ETF, the bitcoin price could surge as high as $1,700 if...

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BTC-USD Breaks $1100, Fresh All-time High Incoming?

Category: Bitcoin, Commentary, News, Price Analysis

BTC-USD Breaks $1100, Fresh All-time High Incoming?

Following attainment of our target at $1074.69, BTC-USD has surged even higher, posting a fresh high on February 21 at $1119.00 on the Bitstamp exchange. The market will now tend toward fractal resistance at $1136.72 and attempt a test of the 2017 high at $1139.89. As the approval for the Winklevoss ETF approaches, it seems that traders are pricing in...

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BTC-USD Lifts Off Despite BTCC Halting Withdrawals for One Month

Category: Bitcoin, Commentary, News, Price Analysis

BTC-USD Lifts Off Despite BTCC Halting Withdrawals for One Month

On February 16, the bitcoin price reached a fresh high at $1043.21 following BTCC’s announcement, the largest Chinese bitcoin exchange, that it will be temporarily halting bitcoin withdrawals for one month. In fact, last week, OKCoin and Huobi, who are also some of China's major bitcoin exchanges, made similar announcements. In the statement, BTCC addresses the current situation and states...

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What is the Short-term Outlook for BTC-USD?

Category: Price Analysis, Price pages

What is the Short-term Outlook for BTC-USD?

Following the suspension of withdrawals in bitcoin and litecoin by Chinese exchanges, bitcoin has dropped to a fresh low at $913.73 on February 9, but has since recovered to $975.34 at the time of writing on the Bitstamp exchange. The hourly price action below illustrates that the market is currently testing resistance provided by the conversion line (blue), at $982.86,...

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BTC-USD Gearing up to Test Recent High at $1139.89

Category: Bitcoin, News, Price Analysis, Price pages

BTC-USD Gearing up to Test Recent High at $1139.89

The break of the $1000 handle points to further gains for bitcoin, with key resistances above $1100. The rising value of the cryptocurrency over the past year has been bolstered by sensible regulation from China’s central bank, demand from large emerging economies such as Nigeria and India, as well as an increased public awareness of bitcoin. The Case for Bitcoin...

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Bitcoin Price Treading Water Above $1000, Where Next?

Category: Bitcoin, News, Price Analysis, Price pages

Bitcoin Price Treading Water Above $1000, Where Next?

For the first time in three years, BTC-USD has broken the psychological $1000 barrier, reaching our target of $991.35. The ongoing uptrend continues, with another resistance at $1335.20, the next Fibonacci extension level is shown below. However, from our December 13 report 'Why Bitcoin will peak at the end of January 2017,' we see that the market has now made...

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