Archive | bitcoin analysis

Bitcoin Price Watch; Keeping Cool As Things Recover

So it hasn’t been perfect and hasn’t happened quite as quickly as we might have hoped, but the bitcoin price now looking like it’s starting to pick up some upside traction. At the end of last week, with a number of disappointing fundamental developments weighing on price, we went entirely sure when the correction was […]

Bitcoin Price Weekly Analysis – BTC/USD To Struggle Above $4000

Key Points Bitcoin price after a nasty decline towards the $2965 level against the US Dollar found support. There are two major bearish trend lines forming with resistance near $3900-4000 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair might struggle to move back above the $4000 level considering the current market […]

How Low Could Bitcoin Go on Negative Coverage?

BTCUSD is heading towards key support levels on North Korean and Chinese Volatility. How low can Bitcoin go? Could BTCUSD survive the blows? Here is an overview weighing the good, and the bad, in the cryptocurrency world. The bad. 1- Crypto-currencies have become a tool for money laundering and criminal activities. As the most popular cryptocurrency, […]

Bitcoin Price Struggles to Recover Past $4,300 as Chinese Exchange Ban Talk Continues

Within a period of three days, bitcoin experienced two minor corrections, pulling back the upward momentum and strong rally it had maintained for a few weeks. Last week, the Chinese central bank, the People’s Bank of China (PBoC), temporarily suspended all initial coin offerings (ICOs) and officially declared ICO as an illegal fundraising method. The […]

Bitcoin Price Weekly Analysis – BTC/USD To Breakdown?

Key Points Bitcoin price is struggling to remain above the $4100 support area against the US Dollar. There is a key bullish trend line with support at $4150 forming on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair is heading towards the trend line support at $4150 and might attempt a downside […]