Given that few financial institutions are involved in cryptocurrencies, and the fact that they lack government backing, they can be moved on whims and emotions. Investors are likely seeing triple- and quadruple-digit gains on bitcoin and Ethereum, andRead more
Wright was either Satoshi Nakamoto or a "brilliant hoaxer." Gvern brought a few deleted messages in the blog of Wright, leaked emails and transcripts, which seemed to imply that Wright is the creator of Bitcoin. Finney downloaded the bitcoinRead more
market is oversold suggesting bulls to take control of the market. Norways FSA directive come shortly after the US SEC amendments on rule change pertaining Bitcoin ETF filing from B2X exchange and two other ETF issuers. The 12-day EMA and the 26-day EMA were trending horizontally. Price of Bitcoin is expected to fluctuate between the levels of 6,400 and 6,800. In the other words, Bitcoin price had been fluctuating between the Levels of 6,800 and 6,200 since July 10, 2018. The Relative Strength Index period 14 is level 35 which indicates that the market is oversold suggesting bulls to take control of the market. Price went down to the 5,600 price level as at the time of my writing. Chamath Palihapitiya: 100,000 to 1 Million Former Facebook employee turned venture capitalist Chamath Palihapitiya predicts that bitcoin will be worth 1 million by 2037. At that level, a long trade should be taken, if the bearish candlestick closes and another bullish candlestick opens. BTC/USD Short-term Trend: Bullish On the 1-hour chart, the price of Bitcoin has commenced a bullish trend. Nevertheless, the relative strength index period 14 is level 42 which indicates that price of the cryptoasset is in the range bound zone.
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However, that depends on todays price action. Today, price of the cryptoasset had been sustained above the 6,000 price level. In the daily time frame, buy momentum is waning. While the slump could be attributed to many factors, regulatory concerns tops the table. All Charts Courtesy of Trading View Author: Dalmas N Bitcoin (BTC) Daily Price Forecast: December 3, 2018 BTC/USD Medium-term Trend: Bearish Resistance Levels: 6,800, 6,900, 7,000 Support levels: 4,000, 3,900, 3,800 Last week the price of BTC/USD pair was in a bearish trend. If anything, our previous Bitcoin price analysis is valid and unless we see surges above 7,200 clearing the main resistance trend line and buy trigger line, we maintain a neutral stand. Read: How Will Bitcoin Investments Thrive If John McAfees 1 Million BTC Price Prediction Becomes a Reality? On December 9, the crypto s price pulled back from its fall and commenced a range bound movement above the 12-day EMA and the 26-day EMA. For instance, the bulls reached the highs 6,533.80, 6,632.69, 6607,62 and 6,562.01 in the last one week but couldn't break through the reach the highs of 7,000 and 8,000. At the 6,000 price level, the market is now in a sideways trend. More recently, he has served as a board member at PayPal. During the bearish trend, the cryptocurrency fell and closed at a price of 6,163.21.
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