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Bitcoin Price Technical Analysis for 9th Feb 2018 – Slow But Steady Climb

Bitcoin Price Technical Analysis for 9th Feb 2018 – Slow But Steady Climb Bitcoin Price Key Highlights Bitcoin price is testing an area of interest at the $8,000 major psychological level which lines up with several support levels. For one, this is the bottom of a short-term ascending channel visible on the 1-hour time frame. This also coincides with the 61.8% Fibonacci retracement level, which already appears to have held as a floor. Bitcoin price could be due for a…

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Wells Fargo strategist – Bitcoin and the market are correlated

Wells Fargo strategist – Bitcoin and the market are correlated Assessing risk is a good gauge for determining stock market and cryptocurrency movement, says Wells Fargo strategist. Wells Fargo raises its price target for equities up by 10 percent this year. Both the market and bitcoin are now beginning to recover from dips earlier this week. If the bitcoin bubble bursts, the stock market may go down along with it, said Christopher Harvey, head of equity strategy at Wells Fargo,…

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Bitcoin drops below $6,200 for first time in three months

Bitcoin drops below $6,200 for first time in three months The virtual currency fell to $6,190 for the first time since mid-November, according to Bloomberg News, and represents the latest hammering for a unit that saw a stratospheric 26-fold rise last year. Bitcoin plunged 20 per cent to a three-month low today, its latest sharp loss following a series of setbacks for the cryptocurrency that, with a collapse across global mainstream markets adding to the selling. The virtual currency fell…

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Bitcoin Not Giving a Big Enough Hit as ‘Gateway Drug’

Bitcoin Not Giving a Big Enough Hit as ‘Gateway Drug’ Interest in Bitcoin hit its high point leading up to its own high of $20,000 in the middle of December last year. Interest peaked, not only in investing circles, but also in the mainstream as Bitcoin became the buzzword on everyone's lips. This adoption was championed by Bitcoin as it welcomed millions of users to the cryptocurrency community, as expressed in Coinbase’s figures alone. However, in this fast paced ecosystem,…

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Cryptocurrency Markets Move Back Into Green After Substantial Selloff

Cryptocurrency Markets Move Back Into Green After Substantial Selloff Cryptocurrency markets are rebounding today, Feb. 3, following yesterday’s multi-month low in Bitcoin's price. Most of the top 50 coins are in green, with 24 hour gains over 20 percent. In part due to pressure from misleading reporting on regulations in India, the overall cryptocurrency market took a massive nosedive starting Thursday, Feb.1, shedding more than $100 billion in market cap in the 24 hours following the news. However, after the…

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Bitcoin is bottoming, expect a 70 percent surge – Trader

Bitcoin is bottoming, expect a 70 percent surge – Trader The old saying goes, "buy when there's blood in the streets," and that's what I'm doing with the recent bitcoin price action. Bitcoin traded to a low of $7,700, this level is a loss of 25 percent on the week and 40 percent on the year. That $7,700 low is ironic because it is the same level that it broke above and began a parabolic ascent in mid-November. I am…

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Is Bitcoins Reign as King of Cryptocurrency in Danger

Is Bitcoin’s Reign as King of Cryptocurrency in Danger? Regardless of where your allegiances lie in the crypto community, homage should be paid to the original Blockchain solution – Bitcoin. However, it has been 10 long years now since Bitcoin came into being (an eternity in the cryptocurrency space) and things are starting to get away from the King. Bitcoin’s path was forever changed in August 2017 when a new challenger stepped up to the plate amid the rapidly escalating…

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Bitcoin Price Looking Heavy As News Turns Negative

Bitcoin Price Looking Heavy As News Turns Negative Bitcoin's possible upside appears capped by a recent run of negative news.   Following a hack against the exchange Coincheck last week, CoinDesk's Bitcoin Price Index (BPI) turned lower from $11,942 (Sunday high), ultimately hitting a low of $11,110 at 09:59 UTC Monday. Still, what may be more notable is not the recent price (which continues its sideways 2018 trajectory), but the changing narrative for potential buyers.   Though the Coincheck news…

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Masked thugs stick up investor at GUN POINT in FIRST UK cryptocurrency robbery

Masked thugs stick up investor at GUN POINT in FIRST UK cryptocurrency robbery   BITCOIN'S price is down again this morning after a report this weekend of a gunpoint robbery where a city financier was targeted at his home and forced to transfer money to armed robbers. Bitcoin's price is down $480 to $11,217 at the time of press as the crypto community responds to the deluge of regulatory threats coming from Davos last week, and a gunpoint robbery in…

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How Chinese Bitcoin Buyers Are Getting Around Government Ban

How Chinese Bitcoin Buyers Are Getting Around Government Ban Chinese citizens are still investing in Bitcoin and the cryptocurrency market despite the government’s heavy crackdown. In September 2017, Chinese cryptocurrency exchanges BTCC China, Huobi and OKCoin were ordered by the government to shut down their businesses. At one point, executives of the three cryptocurrency exchanges were prevented from leaving the country, due to a government investigation into local cryptocurrency exchanges. Three months later, in December of 2017, China’s three largest…

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