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Tag Archives: price

Bitcoin Price Analysis March 31st

This week the market was mostly in a correction, consolidating sideways while gradually retracing from the bottom in what I observe to be a corrective wave. The last impulsive drop from $280 and $270 exhibited a similar pattern. A 3 wave motive move to the bottom, with intermittent corrections. Retracement up from $247 to $271 was a 50% retracement – ... Read More »

Bitcoin Price Analysis 25 March: Is Bitcoin Headed Towards Fresh Lows?

Last week, I wrapped up my Bitcoin analysis with a forecast of a successful test and break of $ 300 resistance. Unfortunately, events unfolding after publishing catalysed a break to $260. News of Evolution’s stolen bitcoins, possibly spooked the market and gave it more reason to head lower. A meltdown that began by breaking $283 level, further going on to ... Read More »

Bitcoin Price Analysis 17 March

Is Bitcoin’s price in a major reversal? This past week, Bitcoin’s price held fairly well, trading within levels of $281 and $302. As per charts, $300 has been a resistance that for bulls attempting to break out. After the $300 resistance level is a long term bear resistance trend line – sloping slightly above $315. Multiple attempts to break past ... Read More »

Bitcoin Price Update Nov-16, 2014

This is the DeepDotWeb weekly Bitcoin price report for the week of November 9-November 15, 2014. This week was characterized by a rather unexpected price rally, temporarily reaching heights in the $450s and eventually leveling out in the $380s. Overall, the Bitcoin price rose by 10.76% this week. Let’s take a look at the daily opening prices on the Bitstamp ... Read More »

Bitcoin Price Update Nov-9, 2014

This week was bullish in terms of Bitcoin price activity, especially when compared to the downward trajectory of last week’s Bitcoin price activity. Throughout the course of this week, the price managed to climb out of the mid $320s and hit the $340s. Additionally, the Bitcoin price also entered the $350s for a brief period of time. Overall, the price ... Read More »

Bitcoin Price Update Nov-2, 2014

This last week was a decidedly bearish one on the Bitcoin markets. The Bitcoin price bump that came as a result of excitement over the BearWhale has completely exited the market, and the downtrend has been firmly reestablished. The price fell from $347 at the beginning of the week to $326 and the end of the week—making for an overall ... Read More »

Bitcoin Price Update Oct. 26th, 2014

The week of October 25, 2014, saw some sudden and unexpected drops in the Bitcoin price. After last week’s bullish activities, the markets cooled off during the first half of the week — with the Bitcoin price leveling out — and then suddenly entered a bearish decline in the last few days of the week. During this week, the price ... Read More »

Bitcoin Price Update Oct. 18th, 2014

The week of October 19, 2014, has been a fairly calm week on the Bitcoin markets—compared to last week, the week of the BearWhale. Aside from two bearish days, the overall activity of the week was positive, with the price increasing a total of 8.86%. Following the BearWhale excitement that pushed up the price towards the end of last week, ... Read More »

Bitcoin Price Recap – October 13

This past week on the Bitcoin markets have been very eventful and hectic. Starting on the decline, the Bitcoin price ran into a sell wall put up by an alleged, single person, whom the Bitcoin community has dubbed the “BearWhale.” After the wall was taken down by buyers on the market, the price shot upwards, making considerable gains. Let us ... Read More »

Bitcoin Price Update – October 5, 2014

The week of September 28, 2014 through October 4, 2014 was an extremely Bearish week. Continuing the downward trend that has been present in the Bitcoin markets for months, the Bitcoin price fell for the entirety of the week. Overall, during the whole week, the price fell by a total of 16.67%—a massive drop compared to last week’s decline of ... Read More »

Post-Auction Bitcoin Price Analysis

The past few weeks have been very hectic in the Bitcoin community due to the excitement of the US Marshals’ Silk Road Bitcoin auction. About two weeks before the auction, the US Marshals posted on their official website that they would be selling off 30 thousand of the bitcoins seized in the Silk Road bust on June 27. This announcement ... Read More »

June 18 FOMC Meeting, What it Means for Bitcoin Price?

On June 18, 2014, The Federal Open Market Committee (FOMC), the policy making committee for the United States Federal Reserve, publicly announced the decisions they made during their 2-day meeting. In this meeting, the FOMC discussed the state of the American economy and deliberated on what the Fed’s policy should be in the near future. Several things came out of ... Read More »