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Bitcoin price Analysis 28 July 2017

Bitcoin’s Civil War is not yet over. These past 2 weeks, the price of Bitcoin was in limbo, trapped between breaking higher or breaking down to lower levels. An impending blockchain hardfork on August 1 is perhaps responsible for the tension that could send prices lower. But there is also the overarching bullish trend from late 2016 that is set ... Read More »

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Bitcoin price analysis 19th July

Bitcoin is in Trouble This week Bitcoin’s internal wrangles, that have intensified over the past 4 months, dragged down prices to below the $2000 price level. Within hours, price painted a red candles spiralling down under the weight of the bitcoin scaling deadlock. The fast approaching August deadlines, that threaten to split bitcoin into 3 or more chains, turned into ... Read More »

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Bitcoin Price Analysis 12 July 2017

Will Bitcoin Tear Itself Apart? This week, the Bitcoin market sentiment seemed to suddenly turn from bullish to bearish overnight. Alternative cryptocurrency markets also turned bearish, as the sharp decline of bitcoin dragged everything down with it. Ethereum dropped 40% from $280 to a low $198 as at writing this. Bitcoin market dominance, a metric that tracks the market capitalization ... Read More »

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Bitcoin Price Analysis July 4th

The Scaling Debate Weighs on the price of Bitcoin Over the past 3 weeks, the price of Bitcoin has been reflective of the tension in the community surrounding a protocol scaling deadlock. Traders are clutching at straws, hoping for a return to the exciting bull trend since 2015. But the failure to break the $3,000 level, and a scaling debate ... Read More »

Bitcoin Price Manipulation – Now and Then!

Since its advent in 2009, bitcoin has attracted the support of technology enthusiasts who were appealed to the technical side of bitcoin as a medium of exchange, as well as libertarians and crypto-anarchists who were interested in the decentralized nature of bitcoin that is not controlled by any government or any other form of central authority. On the other side ... Read More »

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Bitcoin Price Analysis June 13 2017

The Flippening Bitcoin’s teething problems have not gone unnoticed. This week, Ethereum came closer to surpassing the market cap of Bitcoin. ETH price broke past $300 to an all time high of $400, backed by mainstream media and speculator bids on the flippening. Bitcoin’s scaling deadlock and high transaction fees, have led to doubt amongst investors over its continued dominance ... Read More »

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Bitcoin Price Analysis for 29th May 2017

Is Bitcoin in a Bubble? Bitcoin was back in the news this week, after another strong rally to a new all time high of $2760 on May 25, 1430 UCT. Bitcoin continues to prove critics wrong and rope in new investors, speculators, news anchors and traditional wall street money. ABC news Australia had a news segment 3 days in a ... Read More »

Justice does not know what to do with bitcoins

Belgian Government Waits To Sell Confiscated Bitcoins For A Better Price

Belgian authorities are currently sitting on more than 1,000 BTC they seized from darknet narcotics vendors. The Ministry of Justice seeks to sell the seized cryptocurrency at the price it was worth when authorities confiscated the bitcoins from the criminals. Law enforcement authorities arrested the 25-year-old Stijn Victor in Torhout, Belgium, who was working as a computer programmer by the ... Read More »

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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 »