standalone wallets (bitcoin-qt, electrum). Apart from that, risk aversion seems to be peeking back in the markets as traders look to the next set of risk factors. RSI still has some room to climb so there may be some gains left. (Bitcoin appreciated by more than 100 in 2016). In April things really heated up, and not just in terms of the bitcoin price. Lastly, the monetary policy decisions of the ECB and the BOJ are lined up this week while the fomc will have its meeting next week. All Bets, anonymous Bet - care to, login. The latest batch rahaa nopeasti ja helposti of CPI and retail sales figures missed their marks, leading many to think that the economy could be in for a slowdown. By, katrina Ang, july 18, 2017, 2:37 am Posted.
Meanwhile, bitcoin traders appear to be booking profits off their previous long positions to reduce exposure to the network upgrade next month. Related Articles: Weaker dollar performance on expectations of a delay in the next Fed rate hike are currently influencing btcusd movement. Bitcoin, bitcoin has recently broken below its descending triangle support at 2350 and has dipped to the 1800 levels. Among these are the upcoming earnings releases from the US, which might show more weakness in business investment and consumer spending. Stochastic is heading north but is dipping into overbought levels to signal rally exhaustion. 01: The Lightning Network is used for the first time on Bitcoins testnet to buy beers in Berlin Bitcoin logos remain on Reddits r/place bitcoin on vielä kannattaa ostaa April fools pixel drawing war all day Bitcoin becomes an official method of payment in Japan without consumption tax 02: Someone. The US dollar is regaining support from the prospect of a more hawkish Fed head being appointed by Trump. What the monthly news is about: Each day, usually around the same time, I pick out the most popular/relevant/interesting stories in r/bitcoin and save them, after which I release them in one batch after the month ended. The 100 SMA is above the longer-term 200 SMA to indicate that the path of least resistance is to the upside or that the uptrend is more likely to continue than to reverse. There were awesome announcements regarding the Lightning Network and privacy improvements.
From a bitcoin price analysis point of view, the long-term chart (courtesy: Finviz ) looks very constructive.
Readers should compare the steep rally in 2013 with the steady and solid rise in the last 2 years.
Bitcoin (BTC/USD) Price Technical Analysis for Oct 18, 2017 By Katrina Ang October 18, 2017, 12:38 pm Posted in Bitcoin Bitcoin has broken below the short-term ascending triangle shown in yesterdays article, which means that bearish pressure is picking.
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