#Bitcoin Price Analysis When will Bitcoin Rise in 2018? Published 7 months ago on August 12, 2018 By Coinnounce - Coin Announcements Share Tweet Understanding conditions which would lead to Bitcoin rise in 2018. Introduction Assuming that you are very new to the cryptocurrencies. Let me explain the very basics of the cryptocurrencies, blockchain technology, along with Bitcoin. The cryptocurrencies are nothing but a digital form of currencies which are secured through the Cryptographic principles. The Blockchain technology fuels the cryptocurrencies, as they are based on the Blockchain technology itself. Bitcoin was the very first cryptocurrency put forth before the citizens by an anonymous group of people, who termed themselves as Satoshi Nakamoto. He is also the most controversial figures in the crypto space. Developed in 2009, Bitcoin was not that famous until 2017. When the world experienced an explosion in the Bitcoin prices, it was then that the experts predicted it’s future acceptance. Bitcoin Bitcoin is nothing but a peer-to-peer electronic cash system and there is no physical currency available. It can be used to pay for a product or service just like any other currency. Realise it, like using a bank credit card where we actually don’t physically use Money but the balances are simply updated on both the sending and the receiving end. Unlike the conventional fiat currencies, Bitcoin has a fixed market supply of around 21 million coins only, which are made available through a process of complex and Brute Force computations, known as Mining. Solving the Blocks means, adding a block into the network, which results in a reward, to the node undertaking the process, in the form of Bitcoins. Is Bitcoin a Bubble? The whole cryptocurrency space is considered to be a bubble or a Ponzi scheme by some of the most prominent investors of the current time. therefore, one must need to know why it is considered so. The price fluctuations in Bitcoin is one of the precise reasons for it to be labelled with such terms. The cryptocurrency market is solely driven by the market forces of demand and supply. It is worth mentioning that the cryptocurrencies are not backed by any form of financial asset. In other words, the value of Bitcoin is only due to its widespread acceptance and belief among its users. Hence we observe very high amounts of fluctuations in the Crypto space. However to gain better comparison, the in the traditional stock market there is absolutely no fluctuation of more than 5% in a single day, but in the cryptocurrency market, it is very common for a 10 to 20 % price fluctuations. Will the Bitcoin rise in 2018 again? In December 2017 Bitcoin had gained a lot of momentum and the cryptocurrency reached pinnacles when the price of the cryptocurrency was hovering around $20,000. This Bitcoin price at the end of 2017 has led to the industry experts and professionals to predict that a similar kind of bullish trend aka bitcoin rise in 2018 again that we would experience by the end of the year. We would witness a Bitcoin rise in 2018 says the predicted who had predicted last year’s boom Kay Van-Petersen is one of the well-known cryptocurrency market predictors. He had most precisely predicted the Bitcoin rise and falls throughout the year 2017 on a consistent basis. He further predicts a Bitcoin rise in 2018 as well. He clarifies that Bitcoin will touch the $50,000 and the $100,000 mark by the end of 2017. The optimism for Bitcoin rise in 2018 seems to be very similar to the Bitcoin rise of 2017. Practical conditions which might support the Bitcoin rise in 2018 The initiation of Bitcoin futures by two of the most preeminent stock exchanges of Chicago Mercantile Exchange (CME) and the Chicago Board Options Exchange (CBOE), is being pointed to, by some of the industry professionals, as a strong reason for the Bitcoin rise in 2018. They would strongly support the Bitcoin rise in 2018, as they have opened up opportunities for the masses of people who were highly scared of the cryptocurrency’s unregulated state. As the proposal was given a green signal by the Commodity Futures and Trading Commission (CFTC), it is invariably completely regulated in nature. Hence the enthusiasts who had missed the crypto wave last year could join the bandwagon now to make huge amounts of profits in Bitcoin rise in 2018. 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Mt Gox: Has the time come when Mt.Gox Creditors will be paid? Cryptocurrency Price Analysis: Great Week for the top 10 Ripple Price Analysis: XRP going to fall or rise? Bitcoin Price to $4500 soon? BTC Price Analysis Tom Lee: Bitcoin Bull Market Coming Soon 3 Comments 3 Comments Pingback: When will Bitcoin Rise in 2018? - Satoshiuncle Pingback: When will Bitcoin Rise in 2018? – Btc News Magazine Pingback: When will Bitcoin Rise in 2018? – The Coinage Times Leave a Reply Cancel reply Your e-mail address will not be published. Required fields are marked *Comment Name * Email * Website #Bitcoin Price Analysis Bitcoin Price to $4500 soon? BTC Price Analysis Published 2 days ago on March 20, 2019 By Ruchi Ramaswamy Technical Indicators: Support Level: $3900 Resistance Levels: $4100, $4200 Bitcoin Price Analysis: On the hourly chart, bitcoin price has been quite bullish since last week when it reached a high point of $4160. However, bitcoin was not able to break through the resistance around this range. Again bitcoin started a bullish momentum on 18th March and reached up to $4120 before but started to correct downwards later. It went below $4000 support level. Bitcoin price moved above $4000 yesterday and currently trading around $4100. The buyers are trying again to break through the strong resistance that is formed between $4100 and $4200. If the current resistance is broken, there are chances that bitcoin could spike up to $4500 in the short term. The current momentum surely signals a ‘buy’ time. However, if bitcoin is not able to break through this resistance for long, it could result in BTC price falling back below $4000 and even $3900 range and turn bearish. BTCUSD Hourly Chart Last week, bitcoin tested the $4200 resistance but failed to break through. The sellers pushed the price down to $3832. Later, buyers were able to start a fresh bullish momentum and moved the price above the 12-day exponential moving average which was turned into support. Bitcoin moved above $4000 and the buyers are currently moving ahead to fight the sellers at $4200 resistance level. Continue Reading #Bitcoin Price Analysis Bitcoin Price Analysis: BTC at a crucial point Published 3 days ago on March 19, 2019 By Layla Harding Technical Indicators: Support Level: $3940 Resistance Level: $4000 Key Points: Bitcoin price is struggling to break the $4000 resistance. BTC recently fell downwards and tested the $3940 support and 100 hourly SMA again. A bearish pattern line is formed at with resistance around $3980 on the hourly chart. It is very essential for Bitcoin price to reach above $4000 in order to stop the price from falling. Bitcoin Price Analysis: Summary: Bitcoin price is currently situated well above $3940 support, however, BTC could very soon fall downwards if it is unable to break above $4000 resistance level. Bitcoin started to correct downwards yesterday after rising up to $4040. The downward momentum was able to break $4000 support level and the price further fell down to test $3940 support. However, the selling pressure was not enough to break this support and hence bitcoin is currently placed well above this range. Also, there is a bearish pattern line formed with resistance around $3980 on the hourly chart. Hence, it is very essential for bitcoin price to break through the $4000 resistance level in order to avoid a sudden bearish momentum. If BTC is unable to break through, it might crash down and break through the current support. BTCUSD Price Chart The chart shows that the bitcoin price will most likely cross over the $4000 resistance level or crash down below the current support around $3940 very soon. Buyers need to gain pace in order to avoid losses. Continue Reading #Bitcoin Price Analysis Bitcoin Price Analysis: Is BTC ready for the next bull run? Published 4 days ago on March 18, 2019 By Nadja Eriksson Technical Indicators: Support Level: $3940 Resistance Levels: $4000, $4040 Key Points: Bitcoin price traded in a positive momentum last weak reaching up to $4040. BTC corrected downwards later breaking $4000 support to test the $3940 support level. Bitcoin price was able to break through a bearish pattern line that was formed with resistance at $3970. BTC is currently correcting downwards, however, the support around $3940 is strong enough to stop losses. Bitcoin Price Analysis: Summary: Bitcoin price is currently correcting downwards below $4000 range. However, BTC will likely move upwards as it remains well supported above $3940. Bitcoin price traded positively last week and moved above $4000. BTC was able to break the $4020 resistance level and tested the $4040 resistance before correcting downward. Bitcoin moved below $4000 while correcting downwards and even broke the $3980 support level. The next support at $3940 proved strong enough to stop further losses and keep the price above the 100 hourly SMA. The price then moved over $3960 resistance and was also able to break through a bearish pattern line that was formed with resistance at $3970. BTC even moved over $4000 again but the buyers were not able to compete with the selling pressure and hence it moved below $4000 again. Bitcoin price is currently correcting downwards, however, it remains well supported above $3940 support level. Also, the next support around $3920 and 100 hourly SMA is also strong. The current resistance lies at $4000 followed by $4040. BTCUSD Price Chart The chart shows that bitcoin price is currently trading downwards, however, it is strongly supported at $3940 and $3920. If BTC falls below $3920 support, the overall momentum might turn bearish. However, bitcoin will likely test the $4000 resistance soon where a lot of sellers are placed. Continue Reading Advertisement Advertisement Latest Crypto News #Ethereum Price Analysis5 hours ago ETH Price Analysis: Has Ethereum turned bearish? #Exchange21 hours ago Mt Gox: Has the time come when Mt.Gox Creditors will be paid? #Bitcoin24 hours ago Cryptocurrency Price Analysis: Great Week for the top 10 #Ripple Price Analysis1 day ago Ripple Price Analysis: XRP going to fall or rise? #Bitcoin Price Analysis2 days ago Bitcoin Price to $4500 soon? BTC Price Analysis #Bitcoin2 days ago Tom Lee: Bitcoin Bull Market Coming Soon #Bitcoin2 days ago Alert: Bitcoin Breaks Record, Highest Hash Rate Since November 2018. 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