Posts

AD

Bitcoin Price Road-map

Image
Bitcoin Price Road-map by Terry Kinder – Terry Kinder’s Random Acts of Thought With Bitcoin seeming to set price records on a daily basis, you may be asking, “Can the Bitcoin price continue to rise?” The short answer is, yes. The long answer involves taking a look at the Bitcoin Price Road-map. The big picture Bitcoin Price Road-map is as follows (based on Murrey Math): 8/8 – 10,000.00 7/8 – 8,750.00 6/8 – 7,500.00 5/8 – 6,250.00 4/8 – 5,000.00 3/8 – 3,750.00 2/8 – 2,500.00 1/8 – 1,250.00 0/8 – 0 The “Picture-in-Picture” view of the Bitcoin Price Road-map is: 8/8 – 5,000.00 7/8 – 4843.75 6/8 – 4687.50 5/8 – 4531.25 4/8 – 4375.00 3/8 – 4213.75 2/8 – 4062.50 1/8 – 3906.25 0/8 – 3750.00 Given the current price trajectory of Bitcoin (and some underlying knowledge of how Murrey Math Cycles work) a target price of $5,000.00 would be well within reason. After this, especially if you are speculating use caution as the Bitcoin Price Road-map su
Post a Comment
Read more

Bitcoin Price Analysis - Uncharted territory

The month of August has been excellent for Bitcoin as it continues to push all-time highs (ATHs). With the Bitcoin Cash split now history, many investors have likely re-entered. Market cap made a new high of $71.6 billion, higher than that of PayPal and approximately the GDP of Oman. The Bitcoin network hash rate has fallen slightly, but is still projected for a 2.15% difficulty adjustment in 10 days. This would bring the cumulated difficulty change +113.74% since January 2017. SegWit is set to activate near the end of this month, with SegWit2x, otherwise known as the New York Agreement, potentially activating later this year. Most of the Bitcoin Core developers do not support SegWit2x. The Bitcoin mempool size, or size of unconfirmed transactions, is down significantly since the Bitcoin Cash split. Meanwhile, Bitcoin Cash remains near previous lows of 0.05BTC. Most of the recent blocks for Bitcoin Cash have been <100kb. Global OTC volume is down slightly acro
3 comments
Read more

Wall Street Breakfast: Bitcoin Boom As Prices Top $4,000

Bitcoin vaulted to a new record high above $4000 over the weekend, mirroring gold's recent climb amid a global selloff last week in stocks and bonds. Rising worries about North Korea's nuclear threat have sent investors flocking to perceived safe-havens and alternative assets. The cryptocurrency has now quadrupled in 2017, and is up about 40% in August alone. Economy President Trump will call for his chief trade adviser today to investigate China's intellectual property practices and forced technology transfers, according to Politico. He had been expected to order a probe earlier this month, but the action had been postponed as the White House pressed for Chinese cooperation in reining in North Korea's nuclear program. Market watchers are also keeping their eyes on the health of the the world's second-largest economy, as lending costs rise and the property market cools. Official gauges of retail sales, industrial production and fixed asset investment in China
Post a Comment
Read more

Ad2