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Bitcoin Price Technical Analysis for 12/22/2017 â Bears Settling In

December J, 2017

Bitcoin Price Technical Analysis for 12/22/2017 – Bears Settling In Bitcoin price is trending lower on its 1-hour time frame and might be due for a pullback to the area of interest at $16,000. Bitcoin Price Key Highlights Bitcoin price continues to trend lower and has just dipped below the $13,500 mark. Price seems to be drawing some support from this area, though, probably making its way up for a correction. Applying the Fib retracement tool shows the nearby inflection…

Bitcoin’s Smaller Cousins Are Leading the Crypto Rally

December J, 2017

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Bitcoin’s Smaller Cousins Are Leading the Crypto Rally Bitcoin’s smaller cousins are outpacing the largest cryptocurrency’s gains since major U.S. exchanges started offering futures. The biggest gainers among digital assets with at least $1 billion of market capitalization in the past seven days are so-called alternative coins Verge, Tron, Qtum and Cardano, soaring at least 300 percent. Despite some wild price swings, bitcoin’s price is mostly flat since Cboe Group Markets Inc. and CME Group Inc. made the derivatives available…

Bitcoin Cash makes waves as it becomes available on Coinbase â and then halts trading

December J, 2017

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Bitcoin Cash makes waves as it becomes available on Coinbase – and then halts trading Bitcoin Cash, a fork of the more popular cryptocurrency that was created in August, is now fully supported on Coinbase’s exchange, so you can buy and sell the currency there – just not immediately. Abbreviated as BCH, the currency showed Cash prices at roughly $8,500, or nearly three times higher than the value it commands on other exchanges (Coinmarketcap has it at $3,381 at the…

Watch out for a correction in bitcoin after a parabolic rise

December J, 2017

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Watch out for a correction in bitcoin after a parabolic rise Cryptocurrencies are suitable for short-term trading Bitcoin futures have limits on expiry The bitcoin trend shows room for a 50% correction Bitcoin trading, and the capital allocated to it, remains a very small part of the multi-trillion dollar equity markets. It is an even smaller part of the much, much larger derivatives market. The key problem with bitcoin and other cryptocurrencies is that they are fiat currencies in the…

Analyst who predicted bitcoin’s rise now sees it hitting $300,000-$400,000

December J, 2017

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Analyst who predicted bitcoin's rise now sees it hitting $300,000-$400,000 Ronnie Moas in July put a $5,000 price target on bitcoin when it was at $2,600 The founder of Standpoint Research now sees the cryptocurrency rising by another 500 percent Bitcoin will surge past $20,000 and continue its meteoric march into six figures, according to independent research analyst Ronnie Moas. "Bitcoin is already up 500 percent since I recommended it in the beginning of July, and I'm looking for another…

Bitcoin Price Weekly Analysis â BTC/USD Upside Drift Above $20,000

December J, 2017

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Bitcoin Price Weekly Analysis – BTC/USD Upside Drift Above $20,000 Bitcoin price is surging higher towards $20,000 against the US Dollar. BTC/USD might soon break the $20k level and gain further traction in the near term. Key Points Bitcoin price is gaining pace once again and is currently trading above $18,000 against the US Dollar. There is a monster bullish trend line forming with support at $17,000 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair is…

Tax dept starts probe into Bitcoin exchanges to ascertain rate they can be taxed under

December J, 2017

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Tax Dept starts probe into Bitcoin exchanges to ascertain rate they can be taxed under. The indirect tax department has launched an investigation into Bitcoin exchanges operating in India to ascertain at what rate they can be taxed under the goods and services tax (GST) regime, two people with direct knowledge of the matter said. The development comes as the income tax department launched searches on top Bitcoin exchanges including Zebpay, Unocoin and CoinSecure on Wednesday. According to the…

Bitcoin buyers should be prepared to lose all their money, top UK regulator warns

December J, 2017

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Bitcoin buyers should be prepared to lose all their money, top UK regulator warns Andrew Bailey, chief executive of the Financial Conduct Authority, told BBC's "Newsnight" on Thursday, "If you want to invest in bitcoin, be prepared to lose all your money" Bitcoin's meteoric price rise has stunned critics and enthusiasts alike, leaving investors scrambling to understand the driving factors for the digital currency's runaway rally Bitcoin traded at $17,159 on Friday morning, according to CoinDesk's bitcoin price index Bitcoin…

A bubble? We don’t even know how to value Bitcoin

December J, 2017

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A bubble? We don’t even know how to value Bitcoin Bitcoin is a “speculative mania” according to the governor of the Reserve Bank of Australia. But it’s not so easy to say that Bitcoin is a bubble – we don’t know how to value it. Recent price rises (close to $18,000 in the past three months) may be too great and can’t continue. But the Bitcoin market is only just maturing as an investment and as a currency, and so…

Bitcoin Bulls Face ‘Alt’ Competition in Push to $20k

December J, 2017

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Bitcoin Bulls Face 'Alt' Competition in Push to $20 Bitcoin may still be in the hunt for $20,000, but the bulls need progress soon else a minor pullback could be in the offing. As per CoinDesk's Bitcoin Price Index (BPI), the cryptocurrency is trading at $17,539, having appreciated 4.48 percent in the last 24 hours to a new all-time high. But while that's a modest, even impressive gain, it's worth noting that alternative currencies like litecoin and ether have strengthened…