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Bitcoin Price Analysis

1707, 2020

Bitcoin Price Analysis – Technicals show potential for 21% decline in coming weeks

|17 Jul 2020|Price Analysis|

Technicals for BTC/USD reveal a bullish trend shift with the current spot price above both the 200-day EMA and the Cloud. US$8,100 is a key support level, along with the Cloud and Kijun at US$7,200. Overhead resistance stands at the yearly pivot of US$13,000. Over the next few weeks, a bearish edge-to-edge trade on the daily Cloud may trigger, with a price target of US$7,200.

3107, 2018

EOS Price Analysis – Death Cross

|31 Jul 2018|Price Analysis|

EOS is in the early stages of determining how the network will handle decentralization, scalability, and security. Despite having several issues the network has remained robust, able to handle any challenge, and correct course. A swift response to the seemingly unforeseen RAM price spike, which will be seen as a threat to scalability, appears to be a product of a new platforms inherent centralization.

2406, 2018

Bitcoin Price Analysis – Still Bleeding

|24 Jun 2018|Price Analysis|

Fundamentals continue to show a maturing network with increasing use of batching and SegWit adoption, which add downward pressure on transaction fees. These changes will be essential for scaling when on-chain transactions begin to increase.

2610, 2017

Bitcoin Price Analysis — The trend is still your friend

|26 Oct 2017|Price Analysis|

After a strong rejection at US$6200, the Bitcoin price is up 11% from the week's lows, now with a market capitalization of just under US$100 billion. As the age of the Bitcoin fork is being thrust upon us all, with Bitcoin Cash, Bitcoin Gold, and on November 16th,SegWit2x, the fundamentals surrounding these forks are murky at best and a disaster at worst.

1210, 2017

Private Instant Verified Transaction(X) Price Analysis

|12 Oct 2017|Price Analysis|

Private Instant Verified Transaction(X) (PIVX) currently has a market cap of US$202 million. The asset spiked in February of this year, yielding a 72x return. PIVX is a fork created from Bitcoin and DASH, originally released as Darknet in February 2016 and later rebranded. The main goals and benefits of PIVX are similar to DASH, instant private transactions with a decentralized, community-driven governance model. This is achieved through a Proof of Stake (PoS) consensus algorithm which also uses Masternodes requiring 10,000 PIVX (US$37,000). There are currently 2,045 PIVX Masternodes which lock up 20,450,000 of the total supply, or about 27%.

510, 2017

Ethereum Price Analysis – Network slowdown precedes fork

|5 Oct 2017|Price Analysis|

Ethereum (ETH) now has a US$28 billion market capitalization, second only to Bitcoin’s US$72 billion. ETH is now the fourth largest digital cryptocurrency or asset by volume, below Bitcoin, Bitcoin Cash, and Ripple. ETH has been in a tight range for the past week with very negligible volatility. A decline in volume and volatility is very likely due to the upcoming Metropolis hard fork, the 3rd of 4 launch stages for Ethereum.

1409, 2017

Bitcoin Price Analysis – A perfect storm

|14 Sep 2017|Price Analysis|

Bitcoin has dropped ~USD$400 in the past 24 hours, contributing to a total ~USD$1450 drop over the last seven days. The leading cryptocurrency is down ~US$1150 since its recent high of ~US$4950 on Sept 2nd, or nearly 30%. The lackluster performance can be attributed to both technical and fundamental factors. On September 4th, China announced an outright ban of all ICOs, suggested refunding any collected funds in any ongoing crowd sales, and hinted at the shuttering of exchanges trading ICOs.

509, 2017

Bitcoin Price Analysis – China rocks markets

|5 Sep 2017|Price Analysis|

On Monday, Labor Day in the United States, China announced an outright ban of ICOs and recommended money collected by Chinese ICOs be refunded to investors. Although Bitcoin itself is not directly involved with most ICOs, Bitcoin and cryptocurrencies in general, have benefited from the ICO boon by bringing new eyeballs to the nascent space. While this regulation has almost no effect on Bitcoin directly, new investors are likely to be spooked by the news. China has a history of introducing regulation — often at the peak of large movements in price. In January this year, the People's Bank of China (PBoC) announced regulatory changes on domestic Bitcoin exchanges which sent Bitcoin price tumbling 36% in a week.

2408, 2017

Bitcoin Price Analysis – Retesting all time highs

|24 Aug 2017|Price Analysis|

The Bitcoin network and price has been heavily influenced by Bitcoin Cash (BCash) and SegWit activation over the past few weeks. It is no coincidence that BCash was launched to directly compete in this manner. The market has been struggling to continue to price in SegWit, a protocol improvement that lends itself to better network efficiency, and BCash, an attempt at direct competition to Bitcoin. This hypothesis can be evaluated by comparing various network metrics of both Bitcoin and BCash.

1408, 2017

Bitcoin Price Analysis – Uncharted territory

|14 Aug 2017|Price Analysis|

The month of August has been excellent for Bitcoin as it continues to push all-time highs (ATHs). With the Bitcoin Cash split now history, many investors have likely re-entered. Market cap made a new high of $71.6 billion, higher than that of PayPal and approximately the GDP of Oman.

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