For the past two weeks and a half, the cryptocurrency market had been caught up in a new selling frenzy that erased almost all the gains from the months of June and July. At the time of writing, the Bitcoin price is located around the 6,447 level, after dipping from
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The 29th of May, 2018 had marked the beginning of a new bull run in the price of Bitcoin. In a period when everybody was bearish on Bitcoin and most of the “analysts” suggested that it could head towards 3,000 or claim that Bitcoin is really dead, the exact
The end of 2018 had marked an important milestone for Bitcoin. At that time we’ve written about the Chicago Board Options Exchange (CBOE) launching Bitcoin futures for the first time. The move had been welcomed by the crypto community, with prospects of further Bitcoin growth on the table. However, that
In a bearish market, participants are usually obsessed to find out what is the most valuable asset they could hold in the long run, so the losses will be minimized in the short run and increased exponentially. Even though Bitcoin had reached a new 2018 low recently, it is still
As Bitcoin grows in popularity, it becomes a strong subject for study. That is why we are beginning to see universities around the globe starting to include courses related to Bitcoin, Ethereum, cryptocurrencies, blockchain, initial coin offerings, smart contracts and other related subjects. In this article, we will discuss the
The Bitcoin price had been heavily under pressure yesterday, June 28th, 2018 and it is approaching impulsively the low made five days ago, located at 5,777 on the Coinbase exchange. We have been bearish on the price of Bitcoin for several weeks, talking about the breakout of a triangle pattern
Sunday – June 24th, 2018 had been the day when the price of Bitcoin had reached a new yearly low, breaking below the 5,873 low set at the beginning of February. The new 2018 low is located at 5,777 and since then the price managed to recover. Even though we
The world’s most famous cryptocurrency had been gaining short-term momentum on June 18th afternoon, supported by positive news coming from New York. A few days ago we have talked about the breakout of the triangle pattern, but for the last five days, the price action had been consolidating higher. That
Bitcoin bearish momentum had continued to accelerate and now the coin sits around a low seen last time in February. In our last weekly analysis, we have warned that a sluggish response from the bulls will result in a bearish move and that is what we are seeing right now.
Bitcoin had a bumpy ride since the beginning of 2017. Last year the coin banked a staggering 1,300% return, almost reaching 20,000$ per coin on the Coinbase exchange. However, the year 2018 had not been the same, with the most popular cryptocurrency losing more than 50% of its value. According
