Categories: Bitcoin Business

Bitcoin (BTC) Predictions: BTC Crack Down Resistances, Aimed at a Fresh Mark at The Top of Bollinger Chart

Click here to view original web page at www.cryptonewsz.com

Bitcoin (BTC) is a decentralized consensus network that enables an alternate payment system in the form of fully digital currency exchange. Secured by complex algorithms like SHA-256, it is a peer to peer payment network that requires no central authority to operate. A group of an individual pseudonym as “Satoshi Nakamoto” published the Whitepaper of Bitcoin on October 31st, 2008. There, they described it as, “a purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.”

According to coinmarketcap.com, on April 18, at UTC 09:34, Bitcoin (BTC) was trading at USD 5,275.67. At the same time, it’s market capitalization was around USD 93,125,222,588. Moreover, Bitcoin’s last 24 hours trading volume was approximately USD 12,981,807,647. Rulings the cryptocurrency ranking chart, Bitcoin’s Return on Investment (ROI) rate is 3,799.24%. On March 24, Bitcoin was trading at $ 3,963.07, since then it saw unprecedented growth and today after 25-days, its current value is USD 5,275.67 with a cumulative hike of 33.1%.

Let’s have a look at historical fluctuations in the price of Bitcoin (BTC):

Time PeriodHighLow
All-Time20,089.00 USD
(Dec 17, 2017)
65.53 USD
(Jul 05, 2013)
Yesterday5,274.28 USD5,219.21 USD
7-days5,306.66 USD4,955.85 USD
30-days5,421.65 USD3,934.03 USD

Yesterday was a good trading day for Bitcoin (BTC) as it opened at USD 5,236.14 and wrapped up the day at USD 5,251.94, with an intraday gain of USD 15.80 (0.30%).

Prediction:

Almost 11 years have passed since Bitcoin (BTC) into existence. However, its popularity is still intact. Some of the reasons for its raising demand is state-of-the-art features like open-source, public availability, no controlling or governing body and the cherry on the cake is that anyone can trade in it. Within a short period of time, Bitcoin price grew significantly; making the BTC/USD pair quite popular among active traders and investors.

Moreover, Bitcoin (BTC) allows exciting uses that could not be covered by any previous payment system. According to current pattern, Bitcoin (BTC) is moving within a bullish flag pattern formation and suggests of a potential imminent breakout to the upside. At present, there seems to be a mild resistance at USD 5250. In the short term, there could be a minor downward slide and move toward the correction level of $5,230 or $5,200. However, the overall trend seems to be bullish, and the price is likely to bounce back and trade past $5,300, $5,320 and $5,350 resistance levels.

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

  • Bitcoin Business

Robinhood App Encroaches on Banking Turf with High-Yield Money Tool

Popular stock market and crypto trading app Robinhood is going after legacy banks with the relaunch of a cash management… Read More

2 hours ago
  • Bitcoin Business

The blockchain/crypto week in quotes

“The world that Satoshi Nakamoto, author of the Bitcoin whitepaper envisioned, and others are building, is an unstoppable force.” US… Read More

2 hours ago
  • Bitcoin Business

Art and watch collectors: Here’s how blockchain can stamp out fakes

According to an OECD report on counterfeiting, the world trade in fake goods is worth upwards of S$624 billion a… Read More

2 hours ago
  • Bitcoin Business

Litecoin and the Miami Dolphins Join Hands Over Charity

Who would have known American football and cryptocurrency would go so well together? In a press release, The Miami Dolphins… Read More

8 hours ago
  • Bitcoin Business

Crypto News: Grayscale’s Record Inflows, Shell’s New Blockchain Investment

Increasing amounts of capital are flowing into the crypto and blockchain start-up markets. By following the money, investors can uncover… Read More

8 hours ago
  • Bitcoin Business

David Koepsell (YICB 07), Co-founder of Encrypgen, LLC and Blockchain in Healthcare Global

David Koepsell is the co-founder and chief executive officer of Encrypgen, a software company creating next-generation blockchain solutions for genomic… Read More

8 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More