Category: Bitcoin Price

Bitcoin Price Technical Analysis for 02/03/2017 – Watch Out for Profit-Taking!

Technical Indicators Signals The 100 SMA is above the longer-term 200 SMA on the short-term time frames so the path of least resistance is to the upside. On the 15-min and 1-hour charts, bitcoin price is moving above an ascending trend line connecting the lows since the start of February and might be due for …

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Bitcoin Price Technical Analysis for 01/25/2017 – Descending Triangle Forming

Bitcoin Price Key Highlights Bitcoin price has formed lower highs on its 1-hour time frame and found support around $900. This has led to the creation of a small descending triangle consolidation pattern on the short-term chart. The direction in which price breaks out could set the longer-term trend for bitcoin. Bitcoin price is currently …

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Bitcoin Price Technical Analysis for 01/10/2017 – Early Bullish Signal?

Bitcoin Price Key Highlights Bitcoin price has been under a lot of downside pressure lately, thanks to warnings from the Chinese government on bitcoin exchanges and traders. Price has consolidated after its sharp drop at the beginning of the month as investors are now waiting for more clues. Bitcoin formed a small symmetrical triangle visible …

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Bitcoin Is Not Just Safe and Secure, It’s a Healthy Currency Too!

Bitcoin has emerged as a popular cryptocurrency for a reason. The benefits offered by Bitcoin compared to conventional fiat currency are numerous. The decentralized, secure and peer-to-peer nature of Bitcoin allows people to have complete control over their money. If those reasons aren’t enough, the use of Bitcoin comes with health benefits as well. The …

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Kraken Adds Anonymous Cryptocurrency Monero

Digital currency exchange Kraken has officially opened trading for monero (XMR). The decision marks the latest validation for the privacy-oriented digital currency, which in 2016 found traction in appealing to users interested in transacting on dark markets or who otherwise desired, or believed there could be demand for, digital currencies with added privacy features. The digital currency …

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