Analysis

Bitcoin Declined by 30% Five Times in 2017, Recent Correction is Tolerable

As CNBC Africa’s CryptoTrader host and producer Ran Neuner noted, bitcoin declined by 30 percent on five different occasions in 2017. This month’s 20 percent correction in bitcoin is tolerable, given the major corrections it had experienced in the past 12 months. Major Correction Other major cryptocurrencies such as Ethereum and Bitcoin Cash also recorded corrections … Continue reading Bitcoin Declined by 30% Five Times in 2017, Recent Correction is Tolerable

Bitcoin Price Technical Analysis for 01/17/2018 – Is There An End to the Slide?

Bitcoin Price Key Highlights Bitcoin price staged a massive selloff after breaking below the descending triangle bottom previously highlighted. Price has dropped by around $3,000 and could have a few more losses to go before bottoming out. Bitcoin is currently finding support at a Fib retracement level but might be due for a larger pullback. … Continue reading Bitcoin Price Technical Analysis for 01/17/2018 – Is There An End to the Slide?

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