Topic: [2014-05-29] Why Bitcoin’s Price Has Leapt 64% Since April (Read 479 times)
I am not sure about the date, but I think it happened either in end of March or the begining of April. There was a sudden and giant dump of Bitcoins (many thousands) in the BTC-E exchange. The exchange rate dropped to $164 for a few seconds, before climbing back to $380 in a matter of minutes. A lot of people got lucky.
The clear break above the 50-day moving average is perhaps a bullish technical indicator of where bitcoin’s price may be trading in the near-term.
Volume trends
The recent price increase has been accompanied by a significant increase in USD trading volume....
^^A sharp price rise w/ higher volume is a great start, but we went flat the last 24 hours.
This will be an exciting price battle because many are still nervous, and others are wildly optimistic.
Volume trends
The recent price increase has been accompanied by a significant increase in USD trading volume....
^^A sharp price rise w/ higher volume is a great start, but we went flat the last 24 hours.
This will be an exciting price battle because many are still nervous, and others are wildly optimistic.
http://www.coindesk.com/bitcoins-price-leapt-64-just-one-month/
This dramatic price increase has come in just the last few days. For approximately a one-month period prior to 19th May, bitcoin was trading in a relatively tight band around the $450 level. Then, on that date, the price began to steadily ratchet upwards
This dramatic price increase has come in just the last few days. For approximately a one-month period prior to 19th May, bitcoin was trading in a relatively tight band around the $450 level. Then, on that date, the price began to steadily ratchet upwards
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