Bitcoin Price Prediction March 12th!
Bitcoin Price 2016 March 12 still in a narrow range. Taking a look at the 4 hour chart we can see that Bitcoin just broke a 1 hour downtrend to $409. Were currently in a small uptrend to $415 area but it is getting a lot of resistance there. News about Microsoft had a very minor effect on Bitcoin. I think it is in the beginning of a slow uptrend to the $440 area where the last rally ended if the other alt coins specifically Ethereum drop at some point. I expect many dips after new highs on this slow uptrend that you can buy. I don’t think $400 will be seen in the near future. The chart below shows a 1 hour uptrend forming it is best to trade the 1 hour buying and selling any moves outside the bollinger band ranges.
One of the most interesting things to me about observing Bitcoin is that we can watch an experimental new monetary policy, immutably enforced by code, shape the market in ways that have never been attempted before.
This time will be closely studied by future economists. It’s incredible to have a front-row seat. Just remember: at the last block-reward halving, the price of Bitcoin was $12.
Microsoft still accepts Bitcoin they don’t accept it for windows 10 and Windows 10 mobile. Microsoft never accepted Bitcoins in the first place, they only used it as a means of getting more USD and only accepted it because another company could convert BTC sales to USD. If Bitpay didn’t exist they never would have started accepting because they have no interest in receiving Bitcoins or holding Bitcoins