bitcoin price
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HomeNewsBitcoin News“The Greatest Bubble in History”: Bank of America “Kills” Bitcoin for 278th Time The Bitcoin Bubble is popping… this time for real… because Bank of America says so. For the 278th Time. Bitcoin is not only the king of cryptos but also the king of bubbles. According to Bloomberg, a study by Bank of America Merrill Lynch on the behavior and evolution of Bitcoin’s prices places it as the most significant asset price bubble in history. The study compares the price trends of bitcoin with other similar phenomena such as the U.S. stock market in 1929 crash in the […]
HomePrice AnalysisBitcoinBitcoin Price: Technical and Fundamental Indicators Suggest Downtrend Bitcoin price (BTC) trades in the range of $7000 today after finding support around the 50-day low of $6500 that it hit during the weekend. The largest crypto coin lost 18% of its price last week, down 45% in the last three months. Albeit recent volatility, technical factors are getting adverse for bulls who are looking for a sharp uptrend. Bitcoin price plunged below the 200 day and 50-day moving averages (dma), which technical analysts believe indicates a bearish trend for BTC price. The moving averages have also formed a Death […]
HomePrice AnalysisBitcoinBitcoin Price Crashed in First Quarter– What’s Next? Bitcoin price (BTC) was in doldrums during the first quarter: Bitcoin price has had experienced significant volatility in the first quarter of 2018; the coin’s price jumped to $17000 at the beginning of first quarter before retreating to the $6000 mark on February 6. BTC price has extended its volatility in March and ended the month trading below $7000 level. Overall, Bitcoin price lost 45% of value in the first quarter, representing a loss of $130 billion to its total market capitalization. Source Image: coinmarketcap.com The downward trend in BTC price has […]