Why is that pressure on the price of Bitcoin? What is the reason for the huge drop in the price of Bitcoin? Why is the correction such excessive? Let’s have a look on the two main influencing variables.
Criminal activities in the milieu of Bitcoin.
Governments worldwide seized Bitcoins worth more than 3.8 billion USD . They started to sell this huge quantity...
This is a chart of the Bitcoin's price in USD of the last two weeks. We can see unusual patterns in it that makes it difficult to predict the direction of the price of the Bitcoin for the next few weeks.
While there is enough evidence to forecast a bullish development of the Bitcoin, the bullish forecast did not get confirmed. A triangle is a formation that is...
Bitcoin is at the crossroad. It is swinging around 14642 while the Stochastic indicator suggests that the long-term uptrend is still intact. As long as the Stochastic indicator is above the blue dotted trend line, we can assume a bullish scenario for BTCUSD. However, once that blue dotted trendline will be broken to the downside, a very bearish scenario will take...
