Bitcoin Price Technical Analysis

Technical Indicators Signals The 100 SMA is still below the longer-term 200 SMA on the 4-hour time frame so the path of least resistance might be to the downside. However, the gap between the moving averages has narrowed and an upward crossover seems imminent. If this materializes, bitcoin price could enjoy another push higher as … Read more

Trump and Brexit Make Bitcoin an Appealing Option for Investors

In a highly eventful program of events for economy watchers, last week saw UK prime minister Theresa May announce that Brexit was going to mean the UK leaving the single market, Trump being inaugurated as the 45th president of the United States, and the European Central Bank announcing that there would be no change in … Read more

Chinese Bitcoin Exchanges Enforce Trading Fees

Starting tomorrow, China’s largest bitcoin exchanges will begin charging trading fees at a flat 0.2 percent for every transaction. The changes stemming from the People’s Bank of China’s involvement in bitcoin trading activity between China’s biggest bitcoin exchanges continue. Within days of BTCC, Huobi and OKCoin formally announcing the halt of margin or leveraged trading … Read more