The top story of the day is certainly the jump of Bitcoin What are value stocks? A value company is a company that app... More. Yesterday we pointed out that if the cryptocurrency manages to overcome What are "resistance" levels in trading? A resistance level ... More at $4,200, it will go far up. Indeed this is what has happened today. BTC/USD surged as high as to $5,100 on Bitfinex. At the moment of writing, the What is price? The price is the measure of the value of good... More retraced down to $4,850. Will Bitcoin sustain the upside?
Why is it important?
The signs of an What are uptrends in trading? When the price of an asset o... More in Bitcoin will likely revive the What is interest? In finance and trading, interest is a fe... More in cryptocurrency. During the last year, many analysts said that the cryptocurrency bubble has burst and there’s no point in following this What are value stocks? A value company is a company that app... More anymore. The attention of the market crowd and the general public has also diverted elsewhere. Yet, everyone remembers the spectacular A rally is a rise in the price of a financial instrument a... More of 2017 and deep down many people want that to happen once again.
For What are value stocks? A value company is a company that app... More
Today’s move of Bitcoin price to the highest levels since November isn’t related to some particular fundamental event. The rally was triggered by the break above $4,200. Given the relatively small size of the market, What is a trade order? In trading, an order can be defined... More triggering can cause abrupt price moves of great scale.
If we speak about the longer-term, such high What is price volatility? Volatility is the price fluctuatio... More is still the fact that prevents Bitcoin from becoming a widespread medium of exchange and reduces its appeal to institutional What are value stocks? A value company is a company that app... More.
What are "support levels" in trading? A support level is a... More for Bitcoin now lies at $4,715 (200-day MA) and $4,400 (top of the range since November). To keep moving higher, BTC/USD has to settle above $4,850. All in all, the cryptocurrency’s trading range can move to the higher levels as the former resistance has turned into support.