..

Bitcoin Trading Seeks Common Ground with Bulls and Bears

Written by:
Guest
Published on:
Feb/26/2018

When it comes to the daily cryptocurrency news posted on PlaySlots4RealMoney.com, the trading value of $BTC through the site’s Bitcoin Price Index is always one of the hottest topics of conversation.

It does not matter if it is an industry expert weighing in on the daily price or a key investor, everyone involved is seeking some common ground. Last Thursday’s trading value of Bitcoin fell below the $10,000 mark. This is a key psychological benchmark according to EasyMobileCasino.com. It went on to hit a low of $9,304.68 during weekend trading before settling in at $9,666 heading into this week of trading. This marked an 11-day low for the BPI price after rising as high as $11,768.58 earlier this month (Feb. 20). The 20 percent adjustment in price has opened the debate on where it goes from here.Clearly, Bitcoin Trading Seeks Common Ground with Bulls and Bears!

The good news has been a solid rebound from a monthly low of $6000 on Feb. 6, but the recent rally could not be sustained. According to Bitcoin casinos at EasyMobileCasino.com, the trading volumes for Bitcoin have dropped 42 percent from that established trading high on Feb. 20. This could indicate that supply could be limited, which could preclude another rally this week. The bull run for Bitcoin started back in 2015 and it remained in place until December of 2017. The bears laid in wait until January of this year, but neither side has a firm grasp on where the trading price goes from here.

Some of the views offered by Coinbase.com in this market recap suggest a further drop in price this week and possibly into early March after charting the price fluctuations over the month of February.

Bitcoin could go as low as $8,200 given the statistical data surrounding the rise and fall of the trading price. If that is the case, the bottom value of $6000 might be the target price for the bears in the game. This would be a strong indication that the current rally from that previous low has officially run out of juice.

This does not rule out a possible trend change in favor of the bulls driving the price back up into the $11,700 range. Coindesk goes on to talk about Bitcoin’s Relative Strength Index (RSI) as a key indicator of where the price might head in the coming days of trading. The median RSI stands at 53.00. Anything lower than that figure leans towards a bear run. If the RSI can move above 53.00, then this would indicate that there is still some credence to a bullish rally. The one common ground with Bitcoin is market uncertainty. This is the case with the New York Stock Exchange, standard commodities trading and anything else attracting investor’s attention. Even the best financial analysts in any industry deal with constant uncertainty. The rapidly evolving realm of cryptocurrency sets itself up to be one of the more volatile rides in the investment world. There are bound to be some major price fluctuations in the short term as part of determining the long-term market outlook.

Business/Financial News

The Bitcoin White Paper: Transactions

The Bitcoin White Paper: Transactions

After watching the interview between Dr. Craig S. Wright and Ryan X. Charles where they discuss the Bitcoin White Paper in its entirety, you might walk away with a better understanding of Dr. Wright’s original intended purpose for creating Bitcoin. The two discuss several topics that branch off from the original discussion to help you gain the right answers to the question “what is Bitcoin”.

Jeff Ifrah: US Regulators Odds-On to Approve In-Game Tokens

Jeff Ifrah: US Regulators Odds-On to Approve In-Game Tokens

On this week’s CoinGeek Conversations, we spoke to the Founder of Ifrah Law, Jeff Ifrah as he discussed NFTs, possible US regulations in the Gaming and Cryptocurrency industries.

The Bitcoin White Paper: Timestamp Server

The Bitcoin White Paper: Timestamp Server

Continuing to review the series of dialogues between Dr. Craig S. Wright and Ryan X. Charles, where they discuss the Bitcoin White Paper line-by-line, we come to the section concerning the Timestamp Server. Dr. Wright is the inventor of Bitcoin and the Chief Science officer at nChain while Ryan is the founder of Money Button. 

The Bitcoin White Paper: Stealing Bitcoin

In the video discussion about the second paragraph of the Bitcoin white paper between Dr. Craig S. Wright and Ryan X. Charles, the topic of honesty arose with regards to nodes and the security of the system. While there are a number of security features built in to blockchain, the idea of a rogue or criminal node stealing transactions is thwarted from an economic standpoint.  

The Bitcoin White Paper: Proof of Work and Network

The Bitcoin White Paper: Proof of Work and Network

In a series of YouTube videos, Dr Craig S. Wright and Ryan X. Charles discuss the Bitcoin white paper line by line. Their discussions both clarify the original purpose and intent of Bitcoin as well as inspire additional thoughts about and future uses of it. Having the creator of Bitcoin explain it in his own words certainly clarifies some of the areas that have been misunderstood by many for a very long time. 

Syndicate