|
Title: [2016-05-16] Bitcoin Price Analysis — A quiet week comes to an end Post by: trinaldao on May 16, 2016, 01:29:45 AM This section is an overview of news headlines or events that may affect BTCUSD.
*It was a relatively slow week for bitcoin in the media and there were no significant catalysts. *The bitcoin block reward halving is estimated to occur on July 10, 2016, in about 10 weeks. The supply will halve - and assuming demand remains the same, the post-halving value per bitcoin is over $915. Extrapolating this based on the current market price, the present value of one bitcoin is around $230 - an attractive entry price. http://bravenewcoin.com/news/bitcoin-price-analysis-a-quiet-week-comes-to-an-end/ |