BitcoinAverage Blog

bitcoin price news and analysis

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Since last week’s price report, bitcoin went up 12% to $448, but is now trading at $435 on Bitstamp as of writing this. A correction from the top was only natural at this level.

At $400, consolidation lasted a couple of days, before breaking out on February 17, and taking off to the next significant resistance level at $420. Similarly, here, the trend was intent on recapturing highs, and did not take long consolidating before breaking past the January 18 spike resistance in a series of consecutive green candles.

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The video opens with a bulky guy lying on top of a pile of dollar bill bundles. Smiling, he runs his left thumb through bills in a bundle he has on his right hand and waves it.

A presenter cuts in. With different variations of the Bitcoin logo and other forms of relevant graphics running in the background, the presenter takes the viewers through what money has been in the past.

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This week on February 9, 2016, price launched off $370 in what looks to be a reinvigorated attempt at claiming back lost high levels. Consecutive green candles have broken above $390. It is still too early definitively say price is off to the races, as $400 and $428 levels are yet to be broken. As...

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This is a question that is gradually, as time passes, turning into the elephant in the room. Every player in the Blockchain technology space might as well give it thought and, probably, a well thought-out reply. More of that later.

The battle between permissioned and permissionless blockchains appears to be entering a new phase. One that might determine, not only which of the two is a superior version, but also what path the technology as a whole will take going into the future.

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The past 2 weeks of bitcoin, markets have been in a choppy sideways action within a range with $422 and $363 as the upper and lower limits. When price touched a low $352 bottom on January 16, 8am UTC, it marked the lower bound of a range that has persisted for 3 weeks. A strong retracement to $422 set a marker for the upper range.

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