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Tag Archives: price

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Bitcoin price analysis April 21 2017

The price of Bitcoin looks ripe for an attempt to break past the all time $1350 high on Western exchanges. In fact, a significant segment of the market is extremely bullish with forecasts as high as $1400, $1600 and even $2000. Since the sharp sell off to $891, after the $1350 pre-ETF announcement high, price has been going up in ... Read More »

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Bitcoin Price analysis April 13 2017

The price of Bitcoin has been trending up the last 3 weeks, making consistent zig zag pattern from $891 to a high of $1229. What looks like a renewed bull trend has given life to bullish hopes. From the traders’ forums, to twitter forecasts and price analysis – almost everyone seems to be bullish. Some analysts are predicting lofty highs ... Read More »

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Bitcoin Price Analysis 29th March 2017

The Bitcoin Bull Trap This week the price of Bitcoin broke down to new lows, last seen in 2016 before the infamous run up to $1350. It has only been 20 days since the top. $895 caught plenty of traders off guard, as they soaked in the reality of a hard fork induced bear market. Since the last price analysis, ... Read More »

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Bitcoin Price Analysis 15.3.17

This week, the build up to the Coin ETF decision by the Securities and Exchange Commission, climaxed after the application was rejected. Volatility resumed just in time for a massive spike to $1350 that was quickly followed by a sharp sell off to $975 – all in under 5 minutes on Friday afternoon. The ETF decision drew mixed feelings – ... Read More »

Op-Ed: China No longer controls the price of Bitcoin

For a long time, China was the elephant in the room. The influence of the 2nd largest economy on Bitcoin was unsettling, deeply misunderstood and widely discussed. 61% of the mining power that secures the Bitcoin blockchain network is based out of the mainland, and up until recently, media reports cited over 90% of Bitcoin trading volumes were on Chinese ... Read More »

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Bitcoin Price analysis March 1 2017

Bitcoin Makes New Historical Highs – This week the price of Bitcoin continued up from last week’s $1122 to a new all time high (ATH) price across all exchanges. European exchange Bitstamp, clocked in at $1222, $55 above the $1163 high from December 2013. Soon after, price dipped back below the all time high on the 2H – 6H time ... Read More »

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Bitcoin price analysis February 23, 2017

Bitcoin Rallies Ahead of Bitcoin ETF Decision This week the price of Bitcoin rallied from $980, past $1000 to a monthly high at $1127, inches away from the $1139 high of January 5. This strong run was partly fueled by speculation on a the Winklevii Twins’ proposed Bitcoin Trust ETF. On March 11, 2 members of the SEC will rule ... Read More »

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Bitcoin price analysis Febraury 14, 2017

China Strikes Again The People’s Bank of China, conducted an impromptu inspection some of the biggest exchanges in China. Price plunged as soon as word was out, from its $1085 highs, down to $951. Over the past 3 months, the world’s 2nd largest economy was partly responsible for the bull run of late 2016, and fully responsible for all the ... Read More »

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Bitcoin Price Analysis Jan 24th

The Price of Bitcoin is Recovering This week, Bitcoin continued its recovery from the $758 low of January 12, 2017 to a high of $940 on January 22. Since two consecutive sharp sell offs from $1139 all time high at the beginning of 2017, the digital currency’s price is gradually reclaiming its lost levels. While part of this resurgence is ... Read More »

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Bitcoin Price Analysis January 16, 2016

Beijing Now Controls the Price of Bitcoin Bitcoin kicked off the new year at lofty levels of $1139, inches away from gold parity – depending on which exchange you looked at. The digital currency surprised critics last year, scooping pole position for best performing currency and commodity class of 2016. Bitcoin investors took home 125% returns at close of December ... Read More »

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Bitcoin Price Analysis For January 8th, 2017

Bitcoin price continued rising during the past week to score a high of around $1139.89 on bitstamp last Wednesday. Just after the week’s high was recorded, a downwards price correction wave pulled price down to a low of $812, before rising again to $903 at the time of writing of this article. So, the bullish wave, that has been fueling ... Read More »

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Phishing Attacks on Bitcoin Wallets Surge as Bitcoin Price Skyrockets

During the past 24 hours, bitcoin price exceeded the $900 mark for the first time during the past 3 years. The reason behind this recent price surge is not completely clear, especially that the value of bitcoin has increased by more than 100% in less than 6 months. Whenever the price of bitcoin surges, cybercriminals’ interest in cryptocurrencies in general ... Read More »

Bitcoin price analysis for December 23rd 2016

Bitcoin’s $ 1000 Gifts for Christmas As I am writing this, I am overwhelmed by the performance of Bitcoin, mostly over the past 48 hours. Bitcoin has spun up a surprise for the world, and there is more to come over Christmas. Few assets would go up more than 50% within a year, after a 3 year bear market that ... Read More »

Bitcoin Price – What To Expect During Trump’s Era?

According to many economists, Trump’s administration will change the face of the US economy significantly. During his victory speech, Trump promised to promote the growth of the US economy via a “great economic plan”. Along his presidential campaign trail, Donald Trump plotted his economic strategies and positions which included a major tax revamp plan, renegotiation or breaking the North American ... Read More »

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Bitcoin Price analysis 30th November 2016

Bitcoin Price Hits a New $1000 high on Indian Exchanges Bitcoin was back on the headlines this week, reasserting itself as the asset of choice for Indians seeking a safe haven asset class. While on most days it’s China, this week demand peaked in India, where an official ban on 500 and 1000 rupee paper notes by Prime Minister Modi ... Read More »