Category: Bitcoin
The analysis published under this category are as follows.
Saturday, August 12, 2017
Bitcoin Pushing Higher / Currencies / Bitcoin
By: Mike_McAra
The mainstream media are picking up on Bitcoin’s meteoric rise. In an article on CNBC, we read:
Bitcoin will likely outperform stocks and bonds the rest of this year, according to the first major Wall Street strategist to issue a report on the digital currency.
"I think bitcoin is an underowned asset with potential for huge institutional sponsorship coming," Fundstrat co-founder Tom Lee said on CNBC's "Fast Money" Wednesday.
Monday, August 07, 2017
BOOM! Bitcoin Rockets To New All-Time High As Cryptocurrencies Surge Higher! / Currencies / Bitcoin
By: Jeff_Berwick
All eyes were on bitcoin on August 1st, as it underwent the biggest change it had undergone since its inception in 2009.
After years of debate, the issue of scalability resulted in a fracturing of bitcoin onto two separate paths, now called Bitcoin and Bitcoin Cash.
The usual cast of characters came out to warn that this was the death of bitcoin. And, as it always seems to do, bitcoin pushed on unscathed.
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Sunday, August 06, 2017
BitCoin (GBTC) Cycle Update : Beware the Gap / Currencies / Bitcoin
By: SurfCity
BitCoin trades 24/7 and is surging this weekend into an ATH as shown on my first chart. GBTC made a new Trading Cycle high on day 14 Friday and may well gap up on Monday morning on day 15 if BitCoin is able to sustain its trend into next week. Note that my GBTC trade was up $1,718 at the close on Friday. Sure wish I had bought more but I do feel good at my entry point after closer analysis spotted the recent low as a 5-6 month Intermediate Cycle Low (ICL).
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Wednesday, August 02, 2017
Bitcoin Hits New Combined All-Time High Above $3,000 After Bitcoin Fork / Currencies / Bitcoin
By: Jeff_Berwick
Many people considered today to be the most important day for bitcoin since its creation in 2009.
It was the first serious fork of the bitcoin chain into two different coins. Many people, including ourselves, were preparing for major volatility. And some people, like Mike Adams, said it was the death of bitcoin.
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Wednesday, August 02, 2017
Bitcoin in Trading Range / Currencies / Bitcoin
By: Mike_McAra
The BTC-e debacle continues with the U.S. government seizing the exchange’s website. Now, BTC-e has its data center seized by the FBI. On CoinDesk, we read:
(…) in a statement on the Bitcoin Talk forum (that was tweeted out via its official account), representatives for the exchange issued new comments, including a pledge to return users' funds.
Saturday, July 29, 2017
Bitcoin Price Soars As Everyone Wants a Bitcoin Cash Lottery Ticket on August 1st / Currencies / Bitcoin
By: Jeff_Berwick
Bitcoin has been soaring in recent days and it is likely due to the fact that there will be a bitcoin hard fork on August 1st.
Many speculated that a fork would cause the price of bitcoin to drop. But that is far from the case. And it makes sense that the price is actually increasing on this news because if you hold bitcoin properly (more on that soon) you will end up with both Bitcoin (BTC) and Bitcoin Cash (BCC)... and we know from experience with the Ethereum fork into Ethereum and Ethereum Classic, that the two combined can be worth much more than just the one.
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Wednesday, July 26, 2017
Bitcoin Price Close to All-time High / Currencies / Bitcoin
By: Mike_McAra
The recent surge in Bitcoin is associated with the technical details of the currency and an agreement which avoids a fork for the time being. In an article on Business Insider, we read:
Bitcoin has recovered somewhat from the drop in value seen last Sunday, with the price of the cryptocurrency reaching $2,701 at the time of this writing.
The stabilization seems to be the result of Bitcoin miners reaching an agreement on the enactment of the Bitcoin Improvement Proposal.
This agreement means the avoidance of a user-activated softfork (UASF), the possibility of which caused significant unease among investors.
Thursday, July 20, 2017
Millennials Can Punt On Bitcoin, Own Safe Haven Gold For Long Term / Currencies / Bitcoin
By: GoldCore
– Bitcoin volatility shows not currency or safe haven but speculation
– Volatility still very high in bitcoin and crypto currencies (see charts)
– Bitcoin fell 25% over weekend; Recent high of $3,000 fell to below $1,900
– Bitcoin least volatile of cryptos, around 75% annualised volatility
– Gold much more stable at just 10% annualised volatility
– Bitcoin volatility against USD about 5-7 times vol of traditional forex trading
Wednesday, July 19, 2017
Bitcoin PullBack Is Over (For Now): Cryptocurrencies Gain Nearly A 50% In Last 48 Hours / Currencies / Bitcoin
By: Jeff_Berwick
So much for the cryptocurrency correction. Two days ago when bitcoin hit nearly $1,800 and the market capitalization of all cryptocurrencies nearly touched $60 billion, I wrote in my article entitled, “Coinpocalypse”, “I am now thinking it has dropped enough to start wading back in.”
And, it appears I nailed it almost down to the minute. As soon as that article went live, the cryptocurrencies began staging a comeback. And they continue to do so as we speak.
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Monday, July 17, 2017
Bitcoin Price “Deja Vu” Corrective Sequence / Currencies / Bitcoin
By: ElliottWave-Forecast
Since June peak at $3000, Bitcoin lost 35% of it’s value driving the rest of the cryptocurrency market into chaos as 1st August is approaching which is scheduled to trigger activation of Segregated Witness (SegWit) and could lead to a split in Bitcoin’s blockchain. There is no need to explain what’s going to happen in the coming weeks as the internet is already full of articles containing the details about it.
What’s really important is the price structure and how we can interpret it to get an idea about the possible coming path. We believe that the world market is ruled by technical analysis as fundamentals is only used to trigger the move. So as we have an important coming event for Bitcoin, then usually the market will send us a message through the charts which we can read it with different methods.
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Monday, July 17, 2017
Bitcoin Price Facing Key Support At 1737 / Currencies / Bitcoin
By: Franco_Shao
BTCUSD recently broke below the bottom support trend line of the triangle pattern on its 4-hour chart and the ascending trend line on the daily chart, and is now facing the key support at the May 27 low of 1737.
Monday, July 17, 2017
Bitcoin Crash - Is This The End of Cryptocurrencies? / Currencies / Bitcoin
By: Jeff_Berwick
The selloff in cryptocurrencies continues today with bitcoin now falling below $2,000 to a low of $1,841 after hitting its all time high of $3,108.54 on June 11th, marking a 41% drop in the last five weeks.
Saturday, July 15, 2017
Bitcoin, All Cryptocurrencies Are Collapsing! We Are Witnessing End of Blockchain! / Currencies / Bitcoin
By: Jeff_Berwick
Just kidding, again.
We are continuing to see bitcoin and most other cryptocurrencies sell-off, however, just as we said they should and would do after such a parabolic spike higher in the last few months.
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Wednesday, July 12, 2017
Cryptocurrency Bloodbath! Sell Everything We Were Totally Wrong! / Currencies / Bitcoin
By: Jeff_Berwick
Cryptocurrency Bloodbath!
Just kidding.
The cryptocurrencies have taken a big hit in the last few weeks, however, just as we said they would.
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Tuesday, July 11, 2017
Bitcoin Price Tests Retracement / Currencies / Bitcoin
By: Mike_McAra
The CFTC is moving to grant another license to a cryptocurrency derivative exchange. On Business Insider, we read:
While most federal regulators in the US have taken a sluggish approach to cryptocurrencies, the Commodity Futures Trading Commission (CFTC) has been an exception. In September 2015, the body designated cryptocurrencies as commodities, rather than currencies.
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Monday, July 10, 2017
Bitcoin Is Forming A Triangle Pattern / Currencies / Bitcoin
By: Franco_Shao
After hitting a highest record at 2889, BTCUSD fell sharply to 2251, and is now forming a triangle pattern on its 4-hour chart. All we need to do now is wait for a break out of the pattern.
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Tuesday, July 04, 2017
Next Elliott Wave Target for Bitcoin BTCUSD / Currencies / Bitcoin
By: ElliottWave-Forecast
Bitcoin is still considered as the currency of the Dark Web, despite the fact that it was the world’s best performing currency in 2015 & 2016 and currently 1 Bitcoin (BTCUSD) is worth 2 Ounces Of Gold which is significantly important in the financial world. The digital currency continued it’s outstanding performance during this year with and it’s up +260% but Ethereum has taking over the show with +3200% rise since January.
We implemented our Elliott Wave technique in our previous articles to predict the rise of Bitcoin and how it was looking to make new all time highs. Then we explained that despite BTCUSD was reaching a Warning Stage, it would remain bullish looking for more gains to come.
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Friday, June 30, 2017
The Matter with Bitcoin / Currencies / Bitcoin
By: Submissions
Bitcoin’s valuation surged in the first five months of this year. And in the sixth, it plateaued. What does this tell us – about Bitcoin itself and about the actual state of financial markets?The facts alone are of almost no importance. Some investments thrive, others don’t and some are stable. That is trivial. And for Bitcoin’s surge, there are plenty of reasons. After all, it is a deflationary “system” (leaving it open, if it is a currency and whatnot). This means, the total number of units supplied is limited. Furthermore, demand widens and even government offices, for example in Japan or Switzerland, started to accept Bitcoins as public tender. Tight supply and more demand results in higher prices.
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Wednesday, June 21, 2017
Either Bitcoin Will Fail OR Bitcoin Is A Government Invention Meant To Enslave... / Currencies / Bitcoin
By: Jeff_Berwick
A few days ago, cryptocurrencies sold off quite dramatically.
Bitcoin fell around 25% on average and Ethereum fell around 15% on average across major exchanges.
And as a whole, the entire altcoins market capitalization fell over 20% excluding bitcoin.
At the same time we put out our article, “The US Government Clamps Down on Ability of Americans To Purchase Bitcoin”
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Wednesday, June 21, 2017
Bitcoin Price Rebound after Correction / Currencies / Bitcoin
By: Mike_McAra
Bitcoin is down from the all-time high but not really down significantly. In an article on CNBC, we read:
Bitcoin quickly bounced back from the lows of June, amid improved sentiment about the future of the digital currency.
Bitcoin traded higher Saturday near $2,680, up more than 20 percent from a June low of $2,185.96 hit Thursday that had erased gains for the month, according to CoinDesk.