{"id":8949,"date":"2018-09-21T00:00:00","date_gmt":"2018-09-21T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2018\/09\/21\/bitcoin-price-analysis-21-09-2018\/"},"modified":"2018-09-21T00:00:00","modified_gmt":"2018-09-21T00:00:00","slug":"bitcoin-price-analysis-21-09-2018","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/bitcoin-price-analysis-21-09-2018\/","title":{"rendered":"Bitcoin Price Analysis 21\/09\/2018"},"content":{"rendered":"
Generally, Bitcoin prices<\/a> are ranging<\/strong> as our analysis points out. Before we conclude on recoveries or trend continuation, prices should break out above $7,200 backing bulls or below $5,800 confirming trend resumptions.<\/p>\n <\/p>\n The proliferation of cryptocurrencies should not solidify assumptions that the market is mature\u2014more like banks that have been around fine tuning for decades. Some European banks have been around for centuries. Fact is Blockchain and Bitcoin is but a decade old basically making Bitcoin a baby whose \u201climbs\u201d are yet to strengthen.<\/p>\n That\u2019s why supportive regulations and jurisdiction specific laws\u2014or abrupt declarations in that case should not stifle growth but rather accelerate development of a technology that\u2019s already proving to be better, faster and unfortunately unsettling for banks\u2014the status quo.<\/p>\n By design, the inner working of Bitcoin and similar platforms that employs the proof of work consensus algorithm can strain power grids is true. However, this was expected as Bitcoin\u2014a $100 billion digital asset, continues to take root. Recent announcement by energy companies in Central Washington that they shall hike electricity costs to $0.085 per KW for home miners but inflate that of industrial miners to $0.060 per KW should be a cause of concerns for Bitcoin maximalist keen on maintaining decentralization.<\/p>\n What\u2019s even distracting is that there is a pattern forming and this law was passed weeks after Canada\u2019s Hydro-Quebec<\/a> passed the same law doubling cost of electricity for miners citing grid strain. No doubt, once Central Washington implements this unpopular decision by end of Q1 2019, miners would migrate in droves in protest.<\/p>\nLatest Bitcoin News<\/strong><\/h2>\n
Bitcoin Price Prediction 21\/09\/2018<\/strong><\/h2>\n
Weekly Bitcoin Price Charts<\/strong><\/h3>\n