Tag: Bitcoin (BTC)

Bitcoin Price Analysis for May, 12th – BTC Volatility Sweeping Off Scale

By Dmitriy Gurkovskiy, author at RoboForex Blog On Tuesday, May 12th, the BTC rate remains volatile but investors are ready to buy. The cryptocurrency is generally trading at 9000.00 USD. As for the BTC dynamics on D1, during the last week, the quotations of the leading cryptocurrency reached the psychologically important level of 10000.00 USD and tested the mid-term resistance level of the descending channel. Then the market needed a correction, …
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Bitcoin Price Analysis for April, 14th – BTC Risks To Drop

By Dmitriy Gurkovskiy, author at RoboForex Blog. On Tuesday, April 14th, the leading cryptocurrency is declining, trading at 6850 USD. On D1, the support line of the correctional uptrend is broken away. These dynamics might be interpreted as a reversal aimed at forming a new declining wave with the goal of 3925.70 USD. Note that it reached 50.0% Fibo, so a reversal looks quite natural. The descending dynamics of the MACD …
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Bitcoin Price Analysis for December, 27th – BTC Slightly Declining at the End of the Year

By Dmitriy Gurkovskiy, author at RoboForex Blog On Friday, December 27th, the activity shrunk to a minimum. The leading cryptocurrency is trading at $7181.00 and declining slightly. Judging by the dynamics on D1, market participants are aimed at 76.0% ($5700.00) but stopped yet near 61.8% Fibo. At the decline, there is a convergence on the MACD, which may signal a pullback but only after the target level is reached. As …
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Here Is Bitcoin’s Biggest Flaw: Edward Snowden Shares His Thoughts

Bitcoin’s public blockchain may be its biggest flaw. This is according to Edward Snowden, the infamous US whistle-blower. While everyone is concerned about the transactional limits of Bitcoin, very few give thought to the implications of its public ledger in regard to privacy. A much larger structural flaw Describing the public ledger as Bitcoin’s “much larger structural flaw”, Snowden expressed his reservations about Bitcoin’s ability to support global trade in the long …
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