Author: Pesa Mic

Is the breakout on hold?

In last week’s bitcoin price analysis, I concluded a weekly forecast with bearish expectations from $250 prices at the time. In case you missed it, here is a quote from last week

“This week I expect bearish prices with targets as low as $166 and possibly lower. Currently, there is no sign of buying pressure enough to take the market past $300”.

This week, prices popped into low $ 210 levels but, not before mixed signals on price action.

Continue reading Bitcoin Price Roundup: February 11, 2015 at CEX.IO Official Blog.

Is the breakout on hold?

In last week’s bitcoin price analysis, I concluded a weekly forecast with bearish expectations from $250 prices at the time. In case you missed it, here is a quote from last week

“This week I expect bearish prices with targets as low as $166 and possibly lower. Currently, there is no sign of buying pressure enough to take the market past $300”.

This week, prices popped into low $ 210 levels but, not before mixed signals on price action.

Continue reading Bitcoin Price Roundup: February 11, 2015 at CEX.IO Official Blog.

 When is the next bubble?

In our price analysis last week, I concluded with two alternatives as possible price movement this week. Despite the news driven price run up to $315, following Coinbase highly anticipated announcement, we are still in a long-term bear market that is yet to turn. A quote from last week:

“One possible count is a step lower into lows close to $166 bottom from 2 weeks ago.

Continue reading Bitcoin Price Roundup: February 04, 2015 at CEX.IO Official Blog.

This week was an exciting mix of an unusual price run up and healthy Wall Street bitcoin money talk speculation. Are we close to a major trend reversal?

Bitcoin Price Recap

Last week, we wrapped up our forecast with bearish sentiments but, due to a series of events and news over this week and news, a short term bull opportunity presented itself as the price moved up to touch a 2 week high of $315.

Continue reading Bitcoin Price Roundup: January 29, 2015 at CEX.IO Official Blog.

Silence before the storm – up or down?

Last week, our forecasts proved true. After anticipating a break to fresh lows from $220 levels, Bitcoin markets surprised most by capitulating to an unexpected low under heavy volume – $165 low accompanied by significant volume (figure).

Volumes on exchanges were exceptionally high on capitulation to $165, marking a significant bottom. Just have a look at the size of sell of wick on 3-day candle chart – stopping volume at this price is visibly heavy.

Continue reading Bitcoin Price Roundup: January 21, 2015 at CEX.IO Official Blog.

More price drops to come. Bitcoin traders should now be asking themselves: How low can we go?

In last week’s bitcoin price analysis, we wrapped up with a bearish forecast – breakdown of $ 333 support into sub $ 300, followed by a retest of 2014’s bottom – $ 275. This week, this play took a downturn as expected, following heavy selling pressure pushing bitcoin’s price down to $ 255 within a span of hours.

Continue reading Bitcoin Price Roundup: January 6, 2015 at CEX.IO Official Blog.

Bitcoin is a remedy for the challenges facing remittances around the world due to its low cost, non-discriminatory nature and speed of settlement. In both East Africa and the Philippines, Bitcoin is an alternative channel to sending value home from abroad.

While both are in different parts of the world, there are similarities in both markets and a unique opportunity. Here is a quick run-down of the similarities between Bitcoin remittances in Philippines and East Africa.

Continue reading The Bitcoin Overview in Philippines & East Africa at CEX.IO Official Blog.

2014 – An exciting year for Bitcoin akin to a roller coaster ride from January till today [December]. Don’t be fooled by the lowest Bitcoin price in 12 months; everything else about Bitcoin – news, events, adoption, regulation, or legitimacy – has never been better!

How did we arrive at where we are today? A trip down 2014 memory lane!

January

January got off to a great start with a billion-dollar company, Overstock.com partnering with Coinbase to become the first major retail to accept Bitcoin payments.

Continue reading The Bitcoin Price Special – 2014 Year in Review at CEX.IO Official Blog.

And we are going down!

The price this week was traded within a $10 range, bouncing between $348 – $359 and exhibiting similar price behaviour observed weeks ago at the $370- $380 range. This is a distinctive pattern of breaking consecutive supports following after extended periods of consolidation. On December 15, morning hours Asian time price broke below $346.90 (encircled) that had held as a support for a week, forming a new bottom support at $330.

Continue reading Bitcoin Price Roundup: December 17, 2014 at CEX.IO Official Blog.

And we are going down!

The price this week was traded within a $10 range, bouncing between $348 – $359 and exhibiting similar price behaviour observed weeks ago at the $370- $380 range. This is a distinctive pattern of breaking consecutive supports following after extended periods of consolidation. On December 15, morning hours Asian time price broke below $346.90 (encircled) that had held as a support for a week, forming a new bottom support at $330.

Continue reading Bitcoin Price Roundup: December 17, 2014 at CEX.IO Official Blog.