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Daily Bitcoin Price Analysis – 19th February

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As predicted in our previous analysis, the bitcoin price has formed a new bottom near the 227 mark while sighting 232 as its temporary support level. The fall during the February 18th trading session was successfully reversed from 232; bringing back a near-term bullish correction.

Daily Bitcoin Price Analysis – 18th February

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Whilst the closure of smaller bitcoin exchanges has created some uncertainty in the market, it also has the potential to benefit the bitcoin trading ecosystem by concentrating liquidity on fewer exchanges, creating deeper, more liquid, and easier to trade markets.

19 feb bitcoin price.fw  Daily Bitcoin Price Analysis – 18th February

February 18th Bitcoin Trading Session

The BTC/USD opened near 241 and trended sideways for a while before dropping as selling pressure intensified.

Daily Bitcoin Analysis – 17th February

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The bitcoin market managed to sustain its prevailing recovery during the February 17th trading session, while forming an asymmetrical bullish flag. Though, most of the recent sudden pumps have resulted in scary downtrends. Over the last two months, we have seen multiple dramatic rallies, followed by equally dramatic retreats.

Coinarch Expand into China

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Popular Derivative Based Bitcoin Trading Platform Expands into China

Due to popular demand, Coinarch has recently launched into China. Coinarch CEO, Jeremy Glaros, said “We have received a lot of interest from the Chinese market and are really excited about the opportunity.

New Binary Options Trading Service Takes Bitcoin-Only Payments

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A new service for financial options has launched a beta website for nine different binary options, including gold, silver and crude oil, plus six foreign exchange pairs.

The offered currencies – euros, Australian dollars, New Zealand dollars, British pounds, yen, and Swiss francs – are all paired with the US dollar.

Different than previous binary option offerings, the new service – which is called UpDown – processes payments and payouts in bitcoin only.