5 Potential Correction Waves to Affect the Current Bitcoin Price Trend

THeMerkle South korea Supreme Court Bitcoin AssetNow that the Bitcoin price has finally flashed signs of an extended bullish run earlier this month, a lot of traders are wondering where things will head next. All one needs to do is look at the previous correction which took over a full year and see how things played out back then. Assuming history will repeat itself as far as the big story is concerned, there will be five minor correction waves users will need to contend with in the foreseeable future. Correction Wave 1 can Last 16 Days The last time Bitcoin went through a major correction prior

The post 5 Potential Correction Waves to Affect the Current Bitcoin Price Trend appeared first on The Merkle Hash.

Go to Source

Powered by WPeMatico

Bitcoin Price Prediction and Technical Analysis for May 17

TheMerkle_Bitcoin BearishIt hasn’t been a good day for the Bitcoin price as of today. A lot of value has been lost in very quick succession, yet no one seems to know where this downtrend will end exactly. With some basic technical analysis, it quickly becomes apparent numerous key support levels have been broken in quick succession. This free fall will end eventually, but for now, it will seemingly continue. A Retrace was Completely Expected It is always crucial to keep an eye on how fast a cryptocurrency market moves up or down. In the case of Bitcoin, the recent uptrend has

The post Bitcoin Price Prediction and Technical Analysis for May 17 appeared first on The Merkle Hash.

Go to Source

Powered by WPeMatico

5 Bitcoin Price Predictions That Will Blow Your Mind

TheMerkle_Correct Bitcoin Price PredictionsWhen it comes to accurately predicting the price of Bitcoin in the years to come, opinions are all over the place. Making any educated guesses is nigh impossible where this volatile market is concerned. Some experts have weighed in on this debate over the years, although it remains to be seen how these outlandish claims will materialize. Tai Lopez Expects Millionaires to buy Bitcoin ($60,000) Rather than just throwing some hopeful numbers and figures out there, Tai Lopez put together a solid argument as to why Bitcoin could hit $60,000 sooner or later. In his opinion, all it would take

The post 5 Bitcoin Price Predictions That Will Blow Your Mind appeared first on The Merkle Hash.

Go to Source

Powered by WPeMatico

4 More Reasons why the Bitcoin Price is Going up in 2019

TheMerkle Cryptocurrencies BullishContrary to what most people had expected, the Bitcoin price is not slowing down. Although there is a fair bit more volatility ever since surpassing $6,500, it is safe to say the Bitcoin price is going up in a decisive manner. The following factors all contribute to this extensive bull run, albeit no one really knows what this momentum will take the market in a few weeks or months from now. The Path of Least Resistance Several trends can materialize in the financial world. Wicks, candles, head-and-shoulder patterns followed by a cup-and-handle, they have all been charted on Bitcoin’s price

The post 4 More Reasons why the Bitcoin Price is Going up in 2019 appeared first on The Merkle Hash.

Go to Source

Powered by WPeMatico