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This week is the last of January. We can summarize that this month Bitcoin lost $50 but Bitcoin has a lot of potential for growth.
At the time of the release of macroeconomic data the Euro positions may straighten and place pressure on Dollar, which will fractionally strengthen Bitcoin.
Today during the Asian session Bitcoin price dropped sharply because of yesterday's decision of the Federal Reserve on interest rates.
On Tuesday, the price of oil fell, which affected the Asian stock markets immediately. But Bitcoin is moving in a sideways trend.
The strengthening of the US Dollar, which would put pressure on Bitcoin. We assume the price movement will be within a range of $380 - $405
Positive data on the US economy will strengthen the Dollar and have a negative impact on the price of Bitcoin.
Last week Asian markets have once again resulted in another fall in world markets but Bitcoin price increased.
Today during the Asian trading session Bitcoin dropped to $400, which can be regarded as a technical rebound after the recent price rally.
Bitcoin price increased again, thanks to a fall on the stock markets. This once again proves investors' trust in Bitcoin in times of crisis.
Now, four days after a significant decline, Bitcoin trading remains in a sideways trend. We decided to question the experts if we should expect a further decline?
Yesterday Bitcoin’s price was holding steady as there were no releases of any news that could affect the price of Bitcoin and sellers were unable to lower the price of Bitcoin.
Panic caused by the action of Mike Hearn did not last long. It is obvious that the current situation with the price of Bitcoin will gradually level off.
Mike Hearn’s statement on the Bitcoin crisis is not enough to halt the era of Bitcoin. BTC has much more potential for growth and investor confidence.
January 15, 2016, during the Asian trading session Bitcoin dropped sharply to $417 and then jumped to $420.
Latest GDP data in Germany may support the Euro and weaken the US Dollar. This factor may also have an indirect effect on the price of Bitcoin.
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