China is important. It is home to the largest Bitcoin mining companies and their citizens are fast adopters. Therefore, the recent court ruling is bullish and could fast-track Bitcoin loss reversal driving prices back above $7,000 in the process strengthening market confidence. So far, BTC/USD pair is stable and down one percent in the last… Continue reading BTC/USD Bitcoin Price Analysis: China’s support of BTC Very bullish
Category: latest bitcoin news
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Bitcoin Price Analysis: Time to Grab some Bitcoin at any Price, First Targets $8,500
Traders should mark Oct 22 as a turning point for Bitcoin. Thanks to CFTC giving the ICE the permission to launch Bitcoin Futures and the rumors of SEC approval of Van Eck Bitcoin ETF approval, investors are vibrant. Because of this, it’s likely that Bitcoin shall rally confirming the break out patter of week ending… Continue reading Bitcoin Price Analysis: Time to Grab some Bitcoin at any Price, First Targets $8,500
Bitcoin Price Analysis: BTC Accumulates, Bull Break-Out Likely
Law and order dominates. Inevitably for policy makers, they are now drafting laws after realizing Bitcoin and cryptocurrencies are here to stay. Regulators in Japan, South Korea and Thailand were the first to pick up early signals but now, the wave is sweeping across Europe. Overly this is good and could help drive Bitcoin and… Continue reading Bitcoin Price Analysis: BTC Accumulates, Bull Break-Out Likely
Bitcoin Price Analysis: Failure of Buyers to Close Above $7,000 is Bearish for BTC
After three weeks of bulls, Bitcoin prices are yet to breach the $6,800–$7,200 main resistance zone. With this, bears are in control as Sep 5 bearish pattern overshadow buy attempts. Remember, this is printing at the time when investors, market influencers and traders are “over the top bullish”. This is all thanks to week ending… Continue reading Bitcoin Price Analysis: Failure of Buyers to Close Above $7,000 is Bearish for BTC
Bitcoin Price Analysis: BTC a Commodity, Not Property Subject to Capital Gains Tax
Bitcoin prices are sensitive to regulatory news and this week’s judgment that Bitcoin is a commodity did spur more confusion. Needless, prices are largely unaffected and are in fact stable adding two percent in the last week. Like last week, traders are expecting higher high meaning our last Bitcoin trade plan is still valid. Latest… Continue reading Bitcoin Price Analysis: BTC a Commodity, Not Property Subject to Capital Gains Tax