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The Price of Bitcoin Touches New Highs Reaching the $6K Mark

Markets and Prices The price of bitcoin took a stab at the $6K zone today at approximately 11:20 am EDT reaching yet another record all-time high. The decentralized cryptocurrency run in 2017 has outperformed nearly every commodity, stock, and state-issued currency worldwide.Also read: The Evolution of Cryptocurrency Visuals, Memes, and Bitcoin Stree

Bitcoin Price Watch; A Final Push

Things are getting really choppy now in the bitcoin price. We noted this morning that action during the session today was likely to be a bit unpredictable and that, as a result, we were going to stick with our breakout strategy as opposed to trying to get too fancy with a combination of breakout and intrarange.As it turns out, this was a pretty smart decision. Things have been pretty up and down t


Prominent Hedge Fund Manager Expects Bitcoin Price to Achieve $1 Million in 10 Years

Mark Yusko, a prominent hedge fund manager and the founder & Chief Investment Officer at Morgan Creek Capital Management, stated that he expects the Bitcoin price to surpass the $1 million mark in the long-term.$1,000,000(long-term) https://t.co/qRCB80u5ST— Mark Yusko (@MarkYusko) October 15, 2017$21 Trillion Market Cap For Bitcoin, Possibility?Essentially, Yusko believes the market cap of B


African Golix Exchange Values Bitcoin at Over $9,000 Right now

Most Bitcoin exchanges around the world all attribute the same value to Bitcoin. That is a significant feat, given how Bitcoin is a free market. It is not safe from speculation and manipulation by any means, though. What is rather interesting is the current Bitcoin price on the Golix exchange. They position Bitcoin at a value of just over $9,000. Arbitrage opportunities between cryptocurrency exch

Bitcoin Price Technical Analysis for 10/20/2017 – Hitting a Ceiling

Bitcoin Price Key HighlightsBitcoin price recently broke below a short-term triangle, tested a longer-term trend line, and is back to testing the all-time highs.If this continues to keep gains in check, a drop back to the rising support zone could be seen.On the other hand, a strong bullish catalyst could lead to the creation of new highs.Bitcoin price regained enough bullish momentum to climb bac

Bitcoin Price Watch; Back In The Game

Bitcoin, it seems, is back in the game. The bitcoin price was a little subdued heading into the close of play yesterday as the market took a bit of a corrective turn and traded bitcoin down to the 5200 region early evening. Heading into this morning out of Europe, things picked up a bit and price looked as though it was at the start of a longer-term recovery and a return to the overarching upside


Wall Street Analyst: Strong Case For Bitcoin Price Achieving $25,000 by 2022

Tom Lee, a highly regarded Wall Street analyst and the co-founder of Fundstrat, believes the Bitcoin price would achieve $25,000 in the next five years, by 2022.Short-Term Price Trend of Bitcoin: At Least $6,000 by Mid-2018In the short-term, by mid-2018, Lee explained that the price of Bitcoin would surpass the $6,000, based on the Metcalfe’s law. “If you build a very simple model valuing Bitc

Bitcoin Price Watch; Things Are On The Up

In our bitcoin price analysis last night, we noted that the action we had seen during the session on Wednesday was conducive to some corrective momentum and that there was a strong chance that, very near term, we would see price turnaround and stage something of a recovery. We suggested that the most likely level at which this would occur was 5200, given that this level had served as both strong r

Bitcoin Price Technical Analysis for 10/19/2017 – New Upside Targets?

Bitcoin Price Key HighlightsBitcoin price has bounced off the longer-term rising trend line highlighted in a previous article.This could mean that the cryptocurrency is set to resume its climb to new record highs, and the channel and Fib extension tool indicate the next upside targets.Technical indicators are also signaling that the uptrend could carry on.Bitcoin price looks ready to resume its cl

Bitcoin Price Watch; Riding Out The Volatility

The bitcoin price has had a pretty tough day today and, for those that caught our analysis this morning, the decline has not been unexpected. When we get a strong run up towards fresh highs it’s not unusual for the shorter-term operators to pull profits out of the markets and close out positions. This leads to a dip in price which, in turn, leads to more selling action as the more risk-averse ho