This week, bitcoin broke out upwards sharply, from a low at $428 on Bitstamp - the apex of a wedge triangle pattern. This step up happened during early Asian trading hours, 5 am to 10 am GMT + 3 on January 7, after global markets reacted to fall in Chinese stock market. This sharp move triggered US and European market lows, with the British market, opening at its lowest in history.
There is bad news coming out of China. It isn't another report of human right violations, nor is it smog choking industrial cities. Rather, it is a financial storm forming in the world’s second-largest economy.
For decades, a high annual economic growth has been one of the few positive things many...
It could be said that 2015 was a year of consolidation for the Bitcoin crypto currency giant. Since the beginning of 2015 the Bitcoin price was bouncing up and down between the areas of $180 and $280. Yet, this hesitation was impaired in the beginning of November. The 7-month high from July was outreached at the end of October, pushing the Bitcoin price toward a new 15-month high in the middle of December.
It is the beginning of another year. It is again that time for reflecting on the past year while at the same time figuring out how a variant of issues will turn out in the New Year. And for quite some people around the globe, and probably you included, one of the issues to think about, in this regard, is the Bitcoin price.