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Tag: bitcoin price study

‘Resilient’ Bitcoin Price Will Rally to $25,000 [Eventually]: Tom Lee – CCN

The past 12 months haven’t been easy for any bitcoin bull, but perhaps no cryptocurrency proponent has had a worse time than Tom Lee, the Wall Street strategist who predicted that the bitcoin price would hit $25,000 by the end of 2018 and must…

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Major Central Bank Institution BIS: Bitcoin Must Depart From Proof-of-Work

Bitcoin’s (BTC) problems are only solvable by departing from a proof-of-work (PoW) system, according to research published by the Bank for International Settlement (BIS) on Jan. 21. According to the paper, when in the future Bitcoin’s block rewards fall to zero — given that…

Bitcoin Price Approaching $4,100, but Don’t Get Excited Yet, Analyst Warns

The new year has kicked off on the right foot for Bitcoin investors. The currency has continued with its rally, gaining $375 since the year turned. In the past 24 hours, the currency has gained 6.5 percent, finally hitting the $4,000 level again. The…

Bitcoin Gives Up $6,000 Support Level: Price Downtrend Continues – John Navin

After weeks of boring, mostly sideways price action, the new investment thing called bitcoin finally conceded at least short-term defeat and closed below the $6000 support level in a dramatic one-day 10% sell-off last week. Whoever had been buying it up at that level…

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